Re:Ethereum Isn't Fun Anymore
by charcircuit on Monday February 22, 2021 @08:13AM
(#26224104)
>Billions have been poured in this technology for almost no actual return technologically wise.
This is just ignorance. There are plenty of projects out there that are building off each other, improving, and trying new things. Later in your post you mention several projects yet there you are claiming there is no new technology being done?
>It really seems like nobody actually care about advancing the state of art, except actual researcher who work in universities and not in crypto startups...
So researchers are doing research as opposed to startups. I am falling to see the problem with your statement. Yes, people intentionally trying to find new solutions to problems cryptocurrency offers will be the ones finding solutions.
>This is proven by btc being one of the most traded and valuable crypto even though it is one of the crypto with the less feature.
I am sure you can find plenty of companies that had better technology but are doing worse than their competitors whether it be because of bad marketing, first mover advantage / network effects, etc.
>And because crypto are seen as an investment, everybody is holding, and nobody is using it
Oh please. You can go to any block explore and see tons of transactions going on. People are using smart contracts all the time.
>And no, "stable coin" is not an answer since the only thing they have been used for is to trade between crypto...
This is short sighted. There is a desire for being able to know that your money isn't going to crash before you have to pay your bills. It will be easier to onboard people to using crypto if it is just using something like dollars. It also gets lid of problems like buying crypto to buy something then the price crashes and you can no longer afford what you wanted to bought. Or the opposite where you buy something and then the crypto doubles and you get mad for "overpaying."
>you get thousand of startup coming out of nowhere proposing new crypto that are literally clone of other crypto
So what? If you don't want to use a fork, then don't use it. This is how open source works. Anyone can take your code and create a company around it.
>Tell me, what is the difference between Polkadot and Kusama ? Or is there even a significant technological difference between Litecoin, Bitcoin, Bitcoin Cash, Dogecoin, etc ?
How about you look up the differences yourself. Not everyone agrees with what design decisions get made so forks are created that are free to make different decisions.
This is just ignorance. There are plenty of projects out there that are building off each other, improving, and trying new things. Later in your post you mention several projects yet there you are claiming there is no new technology being done?
>It really seems like nobody actually care about advancing the state of art, except actual researcher who work in universities and not in crypto startups...
So researchers are doing research as opposed to startups. I am falling to see the problem with your statement. Yes, people intentionally trying to find new solutions to problems cryptocurrency offers will be the ones finding solutions.
>This is proven by btc being one of the most traded and valuable crypto even though it is one of the crypto with the less feature.
I am sure you can find plenty of companies that had better technology but are doing worse than their competitors whether it be because of bad marketing, first mover advantage / network effects, etc.
>And because crypto are seen as an investment, everybody is holding, and nobody is using it
Oh please. You can go to any block explore and see tons of transactions going on. People are using smart contracts all the time.
>And no, "stable coin" is not an answer since the only thing they have been used for is to trade between crypto...
This is short sighted. There is a desire for being able to know that your money isn't going to crash before you have to pay your bills. It will be easier to onboard people to using crypto if it is just using something like dollars. It also gets lid of problems like buying crypto to buy something then the price crashes and you can no longer afford what you wanted to bought. Or the opposite where you buy something and then the crypto doubles and you get mad for "overpaying."
>you get thousand of startup coming out of nowhere proposing new crypto that are literally clone of other crypto
So what? If you don't want to use a fork, then don't use it. This is how open source works. Anyone can take your code and create a company around it.
>Tell me, what is the difference between Polkadot and Kusama ? Or is there even a significant technological difference between Litecoin, Bitcoin, Bitcoin Cash, Dogecoin, etc ?
How about you look up the differences yourself. Not everyone agrees with what design decisions get made so forks are created that are free to make different decisions.