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Ethereum Isn't Fun Anymore

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Re: Ethereum Isn't Fun Anymore

#51

Post by cnasc »

drom5 wrote: post #5
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.

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.

> The second killer app is NFTs, basically the exchange of art on the chain.

NFTs aren’t exclusively art. For example, I previously worked at https://unlock-protocol.com/ which uses NFTs to signify membership

Re: Ethereum Isn't Fun Anymore

#52

Post by TeeWEE »

samtheprogram wrote: post #35
oilbagz wrote: post #24

Its the stack. I can't get interested in any crypto currency or related technology that doesn't provide, at a minimum, a linkable C library or .. even better .. a luarocks module .. to do all the work. If I even have to think about using npm or javascript to join the new hipster cult, I'm out. These tools are not up to snuff. C'mon crypto guys, give us systems programmers the libs we need. Javascript is OUT. Your fan…

Entire industries have been built on top of JavaScript, from rags to the most valuable companies in the world reinvesting back into it. It’s getting mature, too. As someone who 5 years ago refused to learn JavaScript and was firmly in your camp, I don’t really see an “up to snuff” argument to be made anymore. All languages have quirks and JavaScript definitely has them, but it’s not alone in that regard, especially c…

> Entire industries have been built on top of JavaScript, from rags to the most valuable companies in the world reinvesting back into it. It’s getting mature, too.

This is a fallacy argument. Because other users it, doens't mean its good.

Re: Ethereum Isn't Fun Anymore

#53

Post by Tenoke »

dylkil wrote: post #30
iagovar wrote: post #21

Wasn't cardano supposed to fix this?

yes, its been 4 years now and cardano doesnt even have smart contracting capabilities yet

They are rolling them out in the next 2 months. I've played with their playground, looked at what they are doing and see little reason to doubt the planned launch will go well.

Re: Ethereum Isn't Fun Anymore

#54

Post by yulaow »

jeromenerf wrote: post #27

The solidity language was never fun to me. I abandoned experiments before vyper and yul, the alternatives I know about, were out. Everything felt at the same time fragile and definitive. Bad things would happen if you “deployed” a flawed contract without the ever growing best practices of layers and proxies. I have had more fun learning about finance and creating indices than I have ever had coding on ethereum.

Agree. Sadly both solidity and all the tools around it feel like a pile of broken things over other broken things over a lot of things who where brought up in a few days and forgotten in the todo world, and no one has the time or the will to fix them.

The ethereum foundation should focus far far far more in tools implementation

Re: Ethereum Isn't Fun Anymore

#55

Post by [deleted] »

TeeWEE wrote: post #52
samtheprogram wrote: post #35

Earlier quoted context omitted.

Entire industries have been built on top of JavaScript, from rags to the most valuable companies in the world reinvesting back into it. It’s getting mature, too. As someone who 5 years ago refused to learn JavaScript and was firmly in your camp, I don’t really see an “up to snuff” argument to be made anymore. All languages have quirks and JavaScript definitely has them, but it’s not alone in that regard, especially c…

> Entire industries have been built on top of JavaScript, from rags to the most valuable companies in the world reinvesting back into it. It’s getting mature, too. This is a fallacy argument. Because other users it, doens't mean its good.

[deleted]

Re: Ethereum Isn't Fun Anymore

#56

Post by Traubenfuchs »

Building something useful on something that is primarily used as highly volatile financial speculation instrument always rubbed me the wrong way. The whole crypto scene is just about making quick dough with a technology, that for some reason remains hyped through and wrapped in mysticism.

Face it, there is no sexy killer app for the masses. Wait. There is one: Crypto trading to... make quick dough. And the cryptonerds seeing the high trade volume then go and call this a success of crypto. lol

Re: Ethereum Isn't Fun Anymore

#58

Post by oilbagz »

samtheprogram wrote: post #35
oilbagz wrote: post #24

Its the stack. I can't get interested in any crypto currency or related technology that doesn't provide, at a minimum, a linkable C library or .. even better .. a luarocks module .. to do all the work. If I even have to think about using npm or javascript to join the new hipster cult, I'm out. These tools are not up to snuff. C'mon crypto guys, give us systems programmers the libs we need. Javascript is OUT. Your fan…

Entire industries have been built on top of JavaScript, from rags to the most valuable companies in the world reinvesting back into it. It’s getting mature, too. As someone who 5 years ago refused to learn JavaScript and was firmly in your camp, I don’t really see an “up to snuff” argument to be made anymore. All languages have quirks and JavaScript definitely has them, but it’s not alone in that regard, especially c…

Entire industries have been built on Cobol, and Emacs-as-a-Lisp-host, and Visual Basic too, but that doesn't mean we should be using any of it for a next-generation financial trading scheme.

There aren't any good reasons to avoid producing viable C/C++ libraries to implement this kind of technology - only developer complacency and laziness.

Want me to adopt your new fintech? Let me embed it in ANY app I might write, not just the browser, not just cli-Javascript ..

Re: Ethereum Isn't Fun Anymore

#59

Post by fredgrott »

The underlying problem with bitcoin is the same one with P2P and it's still has not been solved. IE, scalability of a decentralized network. Internet went the other way with a live-able scaling solution based on mixing non decentralized with decentralized.

My prediction is that it will go the way of internet in that a set of orgs that are transparent will form the centralized structure to scale it at live-able terms and scaling.

Does that mean pure P2P is not a scalable solve-able solution?

It's a 5 systems level problem which means it takes more time, money, and sacrifice than people think to reach a discoverable solution.

IMHO

Re: Ethereum Isn't Fun Anymore

#60

Post by dbspin »

drom5 wrote: post #5
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.

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.

Hypothetically, NFTs are amazing. They have the potential to revolutionise royalties and help artist directly profit from the success of their work. There are successful marketplaces like Nifty Gateway for visual NFT's and some under development for music NFTs.

But...

Right now, Etheriums soaring 'gas' prices are basically freezing new entrants into the market. The cost of 'minting' a token on the blockchain right now - say an image or animation on rarible.com, is enormous. Worse, the gas cost of purchasing an NFT can be triple the sale price. It's the equivalent of a varying, unpredictable rate of VAT in the hundreds of percent. This is having a knock on effect on all the NFT markets. Maybe it can be solved by Etherium 2.0, but right now Ether isn't fit for purpose for NFTs. Tying the cost of smart contract 'gas' to the value of the digital currency made this inevitable.

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