Where is the money for mobile app developers in blockchain? • Hacker News Board

Re: Where is the money for mobile app developers in blockchain?

#41

Post by aml183 » Mon, Jul 16, 2018, 2:56 AM UTC

wycs wrote: post #10

paulsutter wrote: post #4

The only significant business in cryptocurrency is trading cryptocurrency[1], which is huge and very profitable. Non-cryptocurrency uses for blockchains haven’t taken off (mostly ideaware around immutability). [1] https://coinmarketcap.com/exchanges/volume/24-hour/

Exactly, there may be non-pyramid scheme money in crypto but so far there is no evidence for it. Look at the daily average users for Dapps here: https://www.stateofthedapps.com/rankings They are absurdly low. Like less than 100 users a day for anything that isn’t a exchange. Many of these dapps have market caps in the hundreds of millions with a few dozen users per day.

DAU tracking #'s are based on on-chain activities. We don't know daily active user #s for activities such as visiting the crypto kittie site and looking at different kitties.

Re: Where is the money for mobile app developers in blockchain?

#42

Post by perl4ever » Mon, Jul 16, 2018, 6:48 AM UTC

basch wrote: post #33

paulsutter wrote: post #4

The only significant business in cryptocurrency is trading cryptocurrency[1], which is huge and very profitable. Non-cryptocurrency uses for blockchains haven’t taken off (mostly ideaware around immutability). [1] https://coinmarketcap.com/exchanges/volume/24-hour/

I think this is because at the end of the day, normal people dont care about decentralization or protocols. Look at email and http. I can use any client I want to access email/web. Outlook, Thunderbird, Chrome, Firefox. We already had this sort of utopia. Anybody could spin up an smtp server or web server. But that involved a little too much friction. So Google and Microsoft offered ready to use email. And Facebook a…

I think "no one cares" is the wrong way to describe the situation. People demonstrably do care about the efficiency provided by a few trusted intermediaries, because that's what they prefer. If you have decentralized solutions, then you multiply the work that needs to be done to coordinate.

Re: Where is the money for mobile app developers in blockchain?

#43

Post by perl4ever » Mon, Jul 16, 2018, 6:51 AM UTC

jon_richards wrote: post #6

Dayshine wrote: post #5

Earlier quoted context omitted.

That's a really cool idea, but what on earth does it have to do with blockchain? Wouldn't it work better with a trusted 3rd party centralised system? Issues I see: - Does every phone now need to store the entire log? Otherwise, who do you trust to give you the current state? - What prevents me faking a log? Why would people be doing constant work on the chain to prevent it?

The trusted 3rd party could be maintaining a blockchain. Blockchains don't have to be decentralized, they're just a type of db that can be decentralized.

If you don't need a decentralized solution why does it have to be a blockchain and not an Excel spreadsheet?

Re: Where is the money for mobile app developers in blockchain?

#44

Post by basch » Mon, Jul 16, 2018, 12:39 PM UTC

perl4ever wrote: post #42

basch wrote: post #33

Earlier quoted context omitted.

I think this is because at the end of the day, normal people dont care about decentralization or protocols. Look at email and http. I can use any client I want to access email/web. Outlook, Thunderbird, Chrome, Firefox. We already had this sort of utopia. Anybody could spin up an smtp server or web server. But that involved a little too much friction. So Google and Microsoft offered ready to use email. And Facebook a…

I think "no one cares" is the wrong way to describe the situation. People demonstrably do care about the efficiency provided by a few trusted intermediaries, because that's what they prefer. If you have decentralized solutions, then you multiply the work that needs to be done to coordinate.

Do you feel the same way about consortiums creating standards like the Alliance for Open Media? Daala, Thor, and VP10 were duplicated effort. It's not so much multiplied work as pooled effort.

I do agree though that Individual Proprietary Institutions can move fast and break things, giving them a competitive advange with respect to speed of innovation.