Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Ethereum Isn't Fun Anymore

timdaub.github.io

Post reply on HN
Print view View original

91–100 of 650 posts

Re: Ethereum Isn't Fun Anymore

#91

Post by loceng »

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…

If you want to work on a blockchain where greed can't takeover, an inevitable unavoidable pitfall if you design the blockchains to inherently also have an MLM structure, is to design a blockchain that doesn't have financial gain as an incentive to align people to adopt it but a different form of consensus like democratic processes (save regulatory capture) where it's voted into use.

Re: Ethereum Isn't Fun Anymore

#92

Post by [deleted] »

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…

[deleted]

Re: Ethereum Isn't Fun Anymore

#93

Post by Taek »

Synaesthesia wrote: post #67
Traubenfuchs wrote: post #56

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 cryptonerd…

Great way to put it. Yes I got excited for crypto when it came out but long ago realised there's nothing emancipatory about it.

You'll be back. The fundamentals are strong and the technology is genuinely interesting, and real world use cases like Sia's Skynet are starting to finally hit stride.

The get rich quick crowd overwhelmed everything else but didn't suffocate it, just merely put it way in the background.

Re: Ethereum Isn't Fun Anymore

#94

Post by Zambyte »

khongbietgi wrote: post #66

How about https://www.algorand.com/ The team is promising and also their sdk is quite good.

Very glad to see Algorand in this thread. People need to talk about it more. It doesn't have most of the problems people have with crypto, and unlike cardano, it's here today and it works.

Re: Ethereum Isn't Fun Anymore

#95

Post by ben_bai »

Darmody wrote: post #10
KDJohnBrown wrote: post #4

Why 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.

Like sia (siacoin) which is used to pay for distributed storage. But still needs mining to keep going, which distracts from it's purpose. Rent and lend storage space. I which there where some other distributed consensus mechanism which doesn't rely on massive mining.

Re: Ethereum Isn't Fun Anymore

#96

Post by DominikD »

Taek wrote: post #93
Synaesthesia wrote: post #67

Earlier quoted context omitted.

Great way to put it. Yes I got excited for crypto when it came out but long ago realised there's nothing emancipatory about it.

You'll be back. The fundamentals are strong and the technology is genuinely interesting, and real world use cases like Sia's Skynet are starting to finally hit stride. The get rich quick crowd overwhelmed everything else but didn't suffocate it, just merely put it way in the background.

You're missing the point, which was "there's nothing for the masses". Interesting technology is not a selling point for the masses. Strong fundamentals are not a selling point for the masses. Whether there's a get rich quick crowd around crypto (or not) is not a selling point for the masses.

Re: Ethereum Isn't Fun Anymore

#97

Post by sonkol »

Around 2015 Vitalik Buterin was one of the few crypto geniuses and leaders. For many years the Ethereum project leaders promised ETH 2 to solve some of the issues pointed in the article but they never delivered. It is understandable that they never delivered because there was a lot of complexity involved in improving permissionless blockchains BUT seeing a new wave of blockchains with good foundations makes one think they never delivered because they have not tried enough. Vitalik and his troop have enough financial resources to stimulate or hire top blockchain researchers from top universities around the world. It seems like they never pushed hard to move Ethereum. With enough resources you should think like you are doing the Manhattan or Apollo 11 projects.

Re: Ethereum Isn't Fun Anymore

#98

Post by heterodoxxed »

antupis wrote: post #87
drom5 wrote: post #5

Earlier quoted context omitted.

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.

I would say NFT and micropayments are killer apps. It would be fantastic if we had browser addon where you can 1-click pay something like 0.01$ to read article. NFT for gaming is going to be huge industry eg pro-gamers could sell their character skins same way now eg basketball players sell their jerseys or you could import that Hearthstone deck to complete new game.

| 1-click pay something like 0.01$ to read article.

How would this work in a way that takes gas/fees into consideration?

Re: Ethereum Isn't Fun Anymore

#99

Post by martin_a »

antupis wrote: post #87
drom5 wrote: post #5

Earlier quoted context omitted.

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.

I would say NFT and micropayments are killer apps. It would be fantastic if we had browser addon where you can 1-click pay something like 0.01$ to read article. NFT for gaming is going to be huge industry eg pro-gamers could sell their character skins same way now eg basketball players sell their jerseys or you could import that Hearthstone deck to complete new game.

For micropayments, there has been flattr. Wasn't really accepted and won't get better if you somehow put a blockchain in there.

For the second: Just go with gumroad or Paypal or whatnot.

Your points just prove, that there's no need for blockchain after all.

Post reply on HN