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Ethereum Isn't Fun Anymore

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Re: Ethereum Isn't Fun Anymore

#111

Post by afasen »

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.

I present you https://yalls.org/

Re: Ethereum Isn't Fun Anymore

#112

Post by antupis »

martin_a wrote: post #99
antupis wrote: post #87

Earlier 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.

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.

Maybe nanopayment would be better term I mean like truly small amounts not something like 3$ like flattr or 1$ like Gumroad.

Re: Ethereum Isn't Fun Anymore

#113

Post by 5350-uiop-1130 »

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…

> "that is primarily used as highly volatile financial speculation instrument "

How is that different from any other asset; stocks, land, property. It's all speculation nowadays.

From what I've read there are pretty much three use cases:

1. store of value akin to gold (bitcoin)

2. decentralised privacy money (monero etc, to avoid taxes?)

3. a platform on which to build decentralised technologies (ethereum, ada, thorchain...countless others - some with specific niches: gaming, streaming etc)

I think your evaluation is bit unfair and shortsighted.

Maybe we are not "there" yet, but why should we be? It is still a nascent technology and I think it would be foolish, and history has shown that, to dismiss it.

Of course, like other asset classes, crypto is now infested with shills, scammers and their jargon designed to confuse and obfuscate in order to take money from the naive.

Re: Ethereum Isn't Fun Anymore

#114

Post by martin_a »

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…

After all those years, there's still not a single useful blockchain application around.

These days I see lots companies telling me, they put their "supply chain on blockchain" and while I understand what they probably want to tell me ("you can't tamper with where our stuff comes from") I don't see the point in that. If you've got trust issues with your subcontractors you should fix those and not "seal" the willingly wrong information in a blockchain.

Maybe we should just declare blockchain a "failed technology".

Re: Ethereum Isn't Fun Anymore

#115

Post by samtheprogram »

anonymoushn wrote: post #106
samtheprogram wrote: post #89

Earlier quoted context omitted.

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?

Very likely; although JavaScript became much more popular after it was available outside the browser, that probably was a factor.

It doesn’t affect my argument that it is a thriving ecosystem that has made it worth much more than the negative sentiment it has received in the past, and that it is not a bad choice.

Re: Ethereum Isn't Fun Anymore

#116

Post by mirekrusin »

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…

Can you give better examples of funding your idea to change the internet/world/whatever? Taking aside if your idea is great or dumb.

Re: Ethereum Isn't Fun Anymore

#117

Post by sonkol »

akudha wrote: post #102
sonkol wrote: post #97

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…

seeing a new wave of blockchains with good foundations Can you name a few? I don't know much about this space, just curious

> Can you name a few?

Yes, sure: Avalanche [1], Algorand [2], Solana [3], DFINITY [4], Conflux [5]

[1] https://www.avalabs.org/

[2] https://algorand.foundation/

[3] https://solana.com/

[4] https://dfinity.org/

[5] https://confluxnetwork.org/

Re: Ethereum Isn't Fun Anymore

#118

Post by natmaka »

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…

> Building something useful on something that is primarily used

What is built on something often determines the way it is used.

Re: Ethereum Isn't Fun Anymore

#119

Post by mirekrusin »

martin_a wrote: post #114
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…

After all those years, there's still not a single useful blockchain application around. These days I see lots companies telling me, they put their "supply chain on blockchain" and while I understand what they probably want to tell me ("you can't tamper with where our stuff comes from") I don't see the point in that. If you've got trust issues with your subcontractors you should fix those and not "seal" the willingly…

I think it's being declared "failed technology" at least once a month since inception, no?

Re: Ethereum Isn't Fun Anymore

#120

Post by mirekrusin »

louwrentius wrote: post #104
loceng wrote: post #80

Earlier quoted context omitted.

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.

System that can't be shut down by governments?
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