Ethereum Isn't Fun Anymore
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Ethereum Isn't Fun Anymore
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Re: Ethereum Isn't Fun Anymore
#2| "What's Ethereum's killer app?" we asked ourselves not long ago. Now we know. It's the world's best publicly-accessible settlement platform for financial transactions.
I don't see any evidence of this being true.
Re: Ethereum Isn't Fun Anymore
#3| "What's Ethereum's killer app?" we asked ourselves not long ago. Now we know. It's the world's best publicly-accessible settlement platform for financial transactions. I don't see any evidence of this being true.
I also see no evidence, but many hints.
Most people use ethereum to send eth or ERC20 tokens.
There are not many who use the smart contracts for anything else.
Re: Ethereum Isn't Fun Anymore
#4Why would someone expect cryptocurrencies to be fun? It’s fintech. Money isn’t fun, it’s money.
Re: Ethereum Isn't Fun Anymore
#5| "What's Ethereum's killer app?" we asked ourselves not long ago. Now we know. It's the world's best publicly-accessible settlement platform for financial transactions. I don't see any evidence of this being true.
I would say that the killer app currently is decentralised finance, lending and trading for example on the chain. The second killer app is NFTs, basically the exchange of art on the chain.
Re: Ethereum Isn't Fun Anymore
#6If all you want is smart contracts then why stick to ethereum? As you stated there are plenty of different projects wich are far more scalable.
Re: Ethereum Isn't Fun Anymore
#7I think many developers getting sucked into a new exciting technology feel similarly at some point once it gets enough traction. "I know; it's such a hipster statement." might be all there is to it, and that's fine. I had the same phases with web and ML and I'm not ashamed to say I'm a bit of a hipster in that sense.
I think your feelings are perfectly valid and you should listen to yourself, but also realize that you'd do best in not generalizing it to be anything but personal.
...And from someone who was deep into Ethereum tech starting 2014-2015, I recently got surprisingly really hooked again on Bitcoin. Lightning is fun and addictive, and it feels like we're close to some kind of watershed there.
Hopefully you'll find something new to be excited about soon (or take a break from it all, sometimes that's what we need as well).
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The reason I'm fed up with Ethereum right now is mostly the "defi" hype where it's mostly anything but decentralized in any way if you look just a bit closer. This goes for pretty much all the projects with significant traction today. So many corners are cut just to be able to ride the wave of the hype train. "The admin with full control is only until we are out of beta, for safety", "The centralized coordinator on AWS will be replaced with a gossip protocol by V2", "The owner multisig will be replaced by a DAO", "the project leads will do all the coordination for now" and other BS rationalizations all completely antithetical to the ideology.
One major strength of Ethereum for many years have been the community. Recently I feel like greed has taken over.
Re: Ethereum Isn't Fun Anymore
#8| "What's Ethereum's killer app?" we asked ourselves not long ago. Now we know. It's the world's best publicly-accessible settlement platform for financial transactions. I don't see any evidence of this being true.
It's not. Maybe if somehow egass fees go down, right now they are so high that even bitcoin is a better alternative.
I think the author is equating ethereum with stable coins?
Re: Ethereum Isn't Fun Anymore
#9Vitalik recently blogged [0] that prediction markets might be there most important thing in Ethereum.
> it is one of the Ethereum applications that have provided to me the most concrete value.
Re: Ethereum Isn't Fun Anymore
#10Why would someone expect cryptocurrencies to be fun? It’s fintech. Money isn’t fun, it’s money.
There's more than money. Some coins like Ethereum have a network behind them on top of which you can do a lot of stuff.