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Ethereum Isn't Fun Anymore

timdaub.github.io

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Re: Ethereum Isn't Fun Anymore

#11

Post by bhaak »

> Where there was a feeling of revolution and new beginnings, now there are people in suits talking corporate.

I read both "Digital Gold" by Nathaniel Popper about the early days of Bitcoin and "The Infinite Machine" by Camila Russo about the inception of Ethereum and the difference between the early sentiment in those two projects is striking.

Bitcoin came from a cypherpunk background and was very anti establishment whereas Ethereum seems to have been setup and conducted like a startup company. There was much more money involved starting the latter project.

I can relate to the sentiment of the author though, money sucks the fun out of many things. But finance is at the heart of both projects, so it's too be expected that they get more professional and more business-like while they grow.

Re: Ethereum Isn't Fun Anymore

#12

Post by tamrix »

Tech Heads believe that the better technically performing coin will surface as the best performer in ROI.

Unfortunately the majority of people investing just want to make a buck more than they care about the tech involved.

That's when you realise this has more to do with money, than tech.

Re: Ethereum Isn't Fun Anymore

#13

Post by pjc50 »

heterodoxxed wrote: post #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.

> world's best publicly-accessible settlement platform for financial transactions.

Isn't that SEPA? Or Paypal?

Re: Ethereum Isn't Fun Anymore

#14

Post by throw8932894 »

> I need a hero, and by that, I mean that I need a usable methodology for building scaleable decentralized apps. Yes, you've heard that right. We don't need more "Ethereum killers" that can do 10x more tx/s than Ethereum. Those are useless.

> Instead, we need an approach for the average Joe developer to create their idea within the Ethereum ecosystem without the need for hardcore unproven technologies.

So instead of fixing the actual problem, Ethereum scalability, we will do what? This technology was developed by a few guys, most of them already left. It was meant to fix Bitcoin "smart contracts" (there is a such thing).

Tech behind Ethereum is outdated. Even newer versions rehash the same broken idea with sharding. We got 10 years and billions poured into consensus research. There are actual papers and universities doing this stuff. There are github projects that do stuff like decentralized auctions, mixers...

Re: Ethereum Isn't Fun Anymore

#15

Post by timdaub »

3np wrote: post #7

I 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 yo…

Thanks for that comment :)

Re: Ethereum Isn't Fun Anymore

#16

Post by vmception »

yeah I'm having a blast

you can pre-purchase gas when gas prices are low and use it when gas prices are high like now

there are a lot of currently advanced ways to use Ethereum, and all EVMs

The EVM is the thing to learn, being aware of the decentralization ideology is a nice to have and really irrelevant

(which is hilarious argument to have with Ethereum bulls regarding other less secured EVMs because the bitcoiners and no-coiners and general Ethereum detractors don't even consider Ethereum decentralized)

Re: Ethereum Isn't Fun Anymore

#17

Post by phire »

KDJohnBrown wrote: post #4

Why would someone expect cryptocurrencies to be fun? It’s fintech. Money isn’t fun, it’s money.

A lot of bitcoin/cryptocurrency early adopters were there because it's fun.

Especially in 2009 and 2010 before bitcoin proved it could have value, but even up to about 2016, a lot of people still seemed to be attracted due to the fun.

And a lot of those people ended up in leadership positions.

Re: Ethereum Isn't Fun Anymore

#18

Post by nstj »

heterodoxxed wrote: post #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.

Are you familiar with the “DeFi revolution?”

Re: Ethereum Isn't Fun Anymore

#19

Post by londons_explore »

qznc wrote: post #9

Vitalik 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. [0] https://vitalik.ca/general/2021/02/18/election.html

Not everyone has a million dollars lying around to earn a 5% return, if your bet is correct...

Re: Ethereum Isn't Fun Anymore

#20

Post by timdaub »

throw8932894 wrote: post #14

> I need a hero, and by that, I mean that I need a usable methodology for building scaleable decentralized apps. Yes, you've heard that right. We don't need more "Ethereum killers" that can do 10x more tx/s than Ethereum. Those are useless. > Instead, we need an approach for the average Joe developer to create their idea within the Ethereum ecosystem without the need for hardcore unproven technologies. So instead of…

Hey, I think you're making a valid point and I probably should have explained more what I meant by my statement.

IMO, there's a middle ground we can go between slow PoW on L1 and scaleability. I think that it can be done by having tools that give us the same guarantees like deploying a smart contract on the main chain. It's difficult to explain: But what I want is Plasma but as a framework to develop dapps.

This project is going that route: https://github.com/hoytech/quadrable

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