What is the web revival?

Re:What is the web revival? by scyclow on Monday May 30, 2022 @12:30AM (#31555492)

Maybe we're just talking past each other, but this is the entire point of a smart contract platform. I deploy code to it, and you now have a guarantee forever on the interface of that code, as well as its implementation logic. If I'm running the same code on my server and you're hitting my API, then I can change the interface, change the logic, or mutate the data in ways not specified by that code.

So really when I say "applications" I'm referring specifically to other smart contracts.

[ Parent | on HN ]

Re:What is the web revival? by giantrobot on Monday May 30, 2022 @05:52AM (#31557230)

Smart contracts that cost money to run on a virtual machine with less power than a Raspberry Pi. In order to access a DApp someone needs to buy into some cryptocurrency, providing some early holder the ability to cash out. The DApp user also has to trust that the smart contract doesn't have a stupid bug that will drain their wallet. Oh and thanks to the low transaction rate of a blockchain that DApp might never execute or have a flash crash type spike in cost.

It's a bunch of rent seeking bullshit on top of what could just be a web API. Storage on a blockchain is stupid expensive so there's oracles everywhere pointing to off-chain resources with zero guarantee of availability.

Blockchains aren't adding any value. They're only extracting rent and adding friction.

[ Parent | on HN ]