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Re:Ethereum Sharding FAQ by aaron-lebo on Wednesday April 25, 2018 @04:04PM (#16925497)
Yep. I've considered many times that Ethereum went down one path of evolution from Bitcoin, which is get more and more complicated. The problems with certain subsystems (the scripting language for example) have been discussed at length on HN, knowing how hard it is to modify complex systems that only get more complicated, I doubt they'll ever fix these issues, they'll be battling them indefinitely. That's a real problem considering you can never really trust Ethereum and the entire thing is predicated on trust.

And what does all this complexity buy? Cryptokitties. We sure this is a worthy tradeoff? Would they Eth guys even be able to recognize this considering what's invested personally and monetarily? There's plenty of suckers, so I'm sure the "next year" kicking the can down the road cycle can go on as long as it's needed, but I'm interested to see if we ever get something of value out of it.

The other evolutionary route interests me, but I'm too busy, lazy, ignorant, and disturbed by the entire space to test it out. Maybe some day.

Re:Ethereum Sharding FAQ by fastball on Wednesday April 25, 2018 @04:17PM (#16925626)
I guess you aren't familiar with MakerDAO and DAI.

etheraffle.com also seems like a relatively good use case for a ÐApp.

In fact there are thousands of good use cases.

I don't think you're familiar enough with the space to be providing meaningful criticism. Your reductio ad absurdum to "just cryptokitties" is fairly telling.

Re:Ethereum Sharding FAQ by aaron-lebo on Wednesday April 25, 2018 @04:25PM (#16925707)
I've been observing the space since before Eth launched. If you believe that raffles are an example of useful systems, then we'll have to disagree.

In fact there are thousands of good use cases.

If there are, then we'll surely see them. You're providing more of what I'm talking about - it's always next year, always coming, but the mainstream adoption is nascent.

Re:Ethereum Sharding FAQ by fastball on Wednesday April 25, 2018 @05:25PM (#16926332)
Any comment on MakerDAO + DAI[1]? I think it's an incredible project / feat of engineering and would be interested to hear how you think it's just a toy that doesn't serve a good purpose.

Whether or not you "believe" raffles/lotteries to be a useful system does not change the fact that it was a system with a $280BN market cap in 2015. Lotteries on a blockchain with smart contracts solve three problems with traditional lotteries: transparency (provable fairness), easy and secure participation, easy and secure disbursement.

  We'll surely see them.
Yes! You can see them right now. There are thousands of DApps, at different stages of development[2].

1: https://makerdao.com/

2: https://www.stateofthedapps.com/

Re:Ethereum Sharding FAQ by aaron-lebo on Wednesday April 25, 2018 @05:39PM (#16926454)
It's another instrument (like lotteries) whose main value is to make money for the founders. That has a use, yes, but if you're outside of that system I'm not sure the mainstream value is that great.

I can tell you that the team is the least diverse (not just race/gender but in age/possible life experience) I've ever seen, which doesn't bode well. How different can their perspectives be?

https://makerdao.com/team/

The vast majority of those apps are cheap moneymaking schemes. Again, they have a place, but I'll very much take a wait and see approach, which I believe is realistic and more than warranted.

Re:Ethereum Sharding FAQ by tuesdayrain on Wednesday April 25, 2018 @09:10PM (#16927997)
I'm not seeing why race/gender/age are relevant. These are all superficially diverse things that don't actually say anything about diversity of perspectives, unless you believe that people who belong to the same group also have similar thoughts.
Re:Ethereum Sharding FAQ by chamza on Wednesday April 25, 2018 @06:29PM (#16926908)
Dai is a stable cryptocurrency, not a speculative money making scheme, since it's purpose is to be stable. A decentralized stablecoin is an enormous use case.
Re:Ethereum Sharding FAQ by s73v3r_ on Thursday April 26, 2018 @01:32AM (#16929074)
With a name like "MakerDao", one would think it would have something to do with the Maker movement, in that it'd be connected to fabrication tools somehow.
Re:Ethereum Sharding FAQ by mst on Wednesday April 25, 2018 @04:58PM (#16926072)
While I suspect that in the long run blockchains will absolutely end up finding some niches where they're persistently used, I do agree that a lot of the broader claims remind me a lot of "next year will be the year of linux on the desktop".
Re:Ethereum Sharding FAQ by kirillseva on Wednesday April 25, 2018 @06:53PM (#16927112)
Fast forward to 2018, and we have Windows Subsystem for Linux, and a very popular BSD in silver aluminum cases made by a fruit company, dominate the desktop market. You could say that the year of linux on desktop is today (in some perverse modified form, but nonetheless).
Re:Ethereum Sharding FAQ by mst on Wednesday April 25, 2018 @08:42PM (#16927855)
That's actually a really good point (especially if one includes Android) - but "20 years later than we hoped, in a completely different form than expected" is significantly what I was trying to handwave at.
Re:Ethereum Sharding FAQ by ericb on Wednesday April 25, 2018 @05:01PM (#16926110)
The web was nearly useless and mainly business card style web pages from 94-98 even though the building blocks were available.
Re:Ethereum Sharding FAQ by pavlov on Wednesday April 25, 2018 @05:41PM (#16926471)
That's just not true. The 1996 web already had news, porn, and forums — the same things people use it for today.

Those things were a bit slow to access over dial-up (porn in particular), but millions of people were using the web daily by the time Netscape IPO'ed.

There's no similar moment in sight for Ethereum's hypothetical "Web 3.0".

Re:Ethereum Sharding FAQ by ericb on Wednesday April 25, 2018 @06:02PM (#16926678)
I'm claiming that the realized potential was maybe 1/100th of what we have today. Perhaps I should have left 98 out, but the idea stands. And that's after the component parts had been around for years: https://www.livescience.com/20727-internet-history.html
Re:Ethereum Sharding FAQ by Sangermaine on Wednesday April 25, 2018 @05:13PM (#16926228)
1. The web was already used for all sorts of things in that period. Geocities was a wonderful open world; I have fond memories of Simpsons and X-Files fan webrings. Not to mention services like ebay, Amazon, or Craigslist arose during that period.

2. Even if we accept your statement as true, the world wide web became generally available in 1991. Blockchain technology has now been around for a decade. The web certainly showed its practical usefulness in its first 10 years, yet blockchain remains largely in the realm of hype.

Re:Ethereum Sharding FAQ by nrhk on Wednesday April 25, 2018 @11:15PM (#16928524)
Yea but where was the web in 1981 or Arpanet in 1969. Bitcoin was just an idea in 2008, didn't gain any real significance until 2013 where it really started to enter mainstream consciousness. If we want to compare it to the web we're still far away from 1991 in terms of tech.
Re:Ethereum Sharding FAQ by fastball on Wednesday April 25, 2018 @05:21PM (#16926297)
"Blockchain technology" is a misnomer because different projects require different technologies and concepts.

Ethereum was the first blockchain with smart contracts and it only went live in July 2015...

Re:Ethereum Sharding FAQ by Sangermaine on Wednesday April 25, 2018 @05:30PM (#16926369)
And was immediately and irredeemably invalidated in May 2016 with the DAO fiasco, yes.
Re:Ethereum Sharding FAQ by kirillseva on Wednesday April 25, 2018 @06:54PM (#16927124)
Ethereum Classic lives on, feel free to support it with money/code if you feel so strongly about immutability at all costs
Re:Ethereum Sharding FAQ by stale2002 on Wednesday April 25, 2018 @10:13PM (#16928271)
EXACTLY this.

I have yet to see any good use case for smart contracts, except for, of course, launching your own speculative asset.

I just want to see a real use case that has nothing to do with launching more tokens.