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Ethereum has been out for 7 months already and so far there have been no useful or popular dapps. This would mean that for most applications trustlessness is no
by vamur 11y ago
Ethereum has been out for 7 months already and so far there have been no useful or popular dapps. This would mean that for most applications trustlessness is not very useful. And for those apps where it would be generally useful, such as exchanges, betting. etc, the expensive nature of gas would mean that operating on Ethereum would be cost prohibitive and they would lose to their centralized competitors. And how is Ethereum is more secure than a properly setup VPS?
- drcode 11y ago> Ethereum has been out for 7 months already and so far there have been no useful or popular dapps. I think that's a valid criticism- I, too, am a bit disappointed that there are few contracts yet with obvious utility. However, as someone deep in the community and talking to lots of people, it seems there's going to be tons of interesting dapps deployed in the next 6 months. Hopefully there will be a "killer dapp" among them. > And how is Ethereum is more secure than a properly setup VPS? If I store money on your VPS-based app, how can I be assured you can't steal it from me? If I use a feature on your VPS, how can I be sure you won't disable it tomorrow? Ethereum can provide these sorts of guarantees.