Most everything fun thing that I used to do is no longer fun anymore.
And that is?
Ethereum Isn't Fun Anymore
101–110 of 650 posts
Re: Ethereum Isn't Fun Anymore
#102Around 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…
seeing a new wave of blockchains with good foundations
Can you name a few? I don't know much about this space, just curious
Re: Ethereum Isn't Fun Anymore
#103There are some ongoing (and somewhat controversial) efforts to make Ethereum fun for developers again: https://cheapeth.org/, https://www.deveth.org/.
Re: Ethereum Isn't Fun Anymore
#104Building 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…
That "for some reason" is that's obvious abd straight forward to anyone being honest and not trying to push propaganda is that Bitcoin, and other blockchains structures like it, are MLM schemes - and that it's decentralized and on a global scale is why it's been able to pick up so much energy - aligning people and industrial complexes globally to bring it mainstream. Design a blockchain system where it's agreed upon…
Can you point to a legitimate problem that “blockchain” can solve, which can’t be solved with existing tools?
I think every smart person working on any kind of blockchain-related tech is seriously wasting their talent and life.
Re: Ethereum Isn't Fun Anymore
#105Earlier quoted context omitted.
Nano. High throughoutput, no transaction fees. Works well for years already.
Can you explain in simple words, how they achieve this?
Every account in the network is a chain of blocks, with each block signed by the private key of that account. So only the owner of the account can add a block to their chain. To send money from A to B, A will add a 'spend' block to her chain, and B will add a 'receive' block to his chain. If B is offline, he can claim that receive later.
The speed comes from the fact that spends from A to B can be processed independently of spends from C to D. So all independent transactions occur in parallel (and as you can imagine most transactions are independent).
Every block addition is voted on by all participating nodes, and they vote as quickly as possible, so they're limited by internet bandwidth/latency, as well public/private key signature verification and generation. Most transactions complete within less than a second.
New blocks do need a PoW signature, but these are much much smaller than other PoW signatures. Additionally, they are usually generated by the account performing the transaction, so they will typically run on your phone or browser wallet app.
Finally, the entire system was feeless from inception. That's just a design decision. I guess people run nodes because they want the whole thing to live.
Re: Ethereum Isn't Fun Anymore
#106Earlier 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. This is a fallacy argument. Because other users it, doens't mean its good.
Thanks for pointing this out. While I think that speaks to the productivity it has provided (I guess that’s a stretch / could be coincidence), what I really should have conveyed is that through a thriving ecosystem and updated standards, it’s gotten a lot better over time. Node v8+ and latest versions of NPM are very far from where they used to be. Again, JavaScript is not without it’s quirks, but I don’t think any l…
There's a thriving ecosystem because you are forced to use it. Do you think there wouldn't be a thriving perl ecosystem if perl was the only language you could use to execute code in a web browser?
Re: Ethereum Isn't Fun Anymore
#107Building 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…
Largely agree. It's what makes Bitcoin different. Bitcoin's killer app is the network itself. The fact that you can send money/transfer wealth instantly without a bank to tell you what you can and can't do IS the value of Bitcoin and why it's not some purely speculative ponzhi scheme. As far as I understand, you can't reaaally use Ethereum for the same purpose because of high fees.
Re: Ethereum Isn't Fun Anymore
#108> 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…
> Tech behind Ethereum is outdated. Well Eth 2.0 is applying the latest and the greatest in Crypto research to a real coin. In terms of scalabliltiy Ethereum is already way past bitcoin slow transaction rates.
The idea of a new version of your currency somewhat speaks against the utility of the whole thing surely?
Re: Ethereum Isn't Fun Anymore
#109I 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…
Vitalik is always bitching about the greedy community, but that's really not what is killing Ethereum. What is killing Ethereum is its glacial development pace. It took so many years for Ethereum 2 to be deployed, and even now it's deployed it's a weak shell of what it should have been. An argument against that could be that it's simply a hard problem to solve, but then the question becomes if they've solved any othe…
> What is killing Ethereum is its glacial development pace.
With hindsight, it seems pretty naive to make the early core devs multimillionaires, then expect them to do anything except retire.
Re: Ethereum Isn't Fun Anymore
#110Earlier quoted context omitted.
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?
That's kind of the point: it's completely infeasible to do microtransactions with Ethereum, much less Bitcoin. At time of writing it costs around $23 (!) to do a single ETH transaction.