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> Ethereum is actually a platform for new kinds of decentralized (often financial) applications (dApps) that run on a peer-to-peer network of computers There a

by zefman 9y ago

> Ethereum is actually a platform for new kinds of decentralized (often financial) applications (dApps) that run on a peer-to-peer network of computers There are a few very interesting things in the pipeline. Here are a few: https://golem.network/ https://golem.network/ https://status.im/ https://status.im/ https://gnosis.pm/ https://gnosis.pm/ https://basicattentiontoken.org/ https://basicattentiontoken.org/ https://augur.net/ https://augur.net/

root_axis 9y ago
> in the pipeline And that's the crux of it. As I said, I'm yet to see anything that's actually useful. There are a lot of claims about all the amazing things that will be possible at some point in the future, but besides internet gambling, I've yet to see a demonstration or even a coherent explanation of something useful that these systems are capable of that isn't already possible and less complex with existing systems. (Just so you know, I was already aware of status and augur, but I examined your other links as well before responding)
- problems 9y ago
  Indeed, most of the things created on the Ethereum platform are just shittier versions of things that exist - while decentralization can be a huge boon to some things it needs to combat its inherent complexity increase for users. Ethereum does not lend itself well to that, as such almost everyone is there for a get-rich-quick scheme, not for the higher applications on its platform. Wait for the hype to run out, then look at it again when it's not at a peak value.
- Kiro 9y ago
  You could have said the same thing about many things that in the end resulted in a technological paradigm shift. Ethereum is only a couple of years old.
  - root_axis 9y ago
    This is a pointless observation because you could have also said the same thing about all the useless crap that never amounted to anything.
    - Kiro 9y ago
      Your observation is equally pointless. You're the one using it as an argument though.
      - root_axis 9y ago
        My observation is not pointless, it is literally the point of the argument, namely that crypto projects blast out tons of hype but never pan out into anything useful. Your rebuttal was "well, other things that people said were overhyped turned out to be paradigm shifts", but what I'm telling you is that your rebuttal does not tell us anything meaningful because it is equally true of all the failures as well.

by zefman 9y ago

root_axis 9y ago

> in the pipeline And that's the crux of it. As I said, I'm yet to see anything that's actually useful. There are a lot of claims about all the amazing things that will be possible at some point in the future, but besides internet gambling, I've yet to see a demonstration or even a coherent explanation of something useful that these systems are capable of that isn't already possible and less complex with existing systems. (Just so you know, I was already aware of status and augur, but I examined your other links as well before responding)

problems 9y ago
Indeed, most of the things created on the Ethereum platform are just shittier versions of things that exist - while decentralization can be a huge boon to some things it needs to combat its inherent complexity increase for users. Ethereum does not lend itself well to that, as such almost everyone is there for a get-rich-quick scheme, not for the higher applications on its platform. Wait for the hype to run out, then look at it again when it's not at a peak value.
Kiro 9y ago
You could have said the same thing about many things that in the end resulted in a technological paradigm shift. Ethereum is only a couple of years old.
- root_axis 9y ago
  This is a pointless observation because you could have also said the same thing about all the useless crap that never amounted to anything.
  - Kiro 9y ago
    Your observation is equally pointless. You're the one using it as an argument though.
    - root_axis 9y ago
      My observation is not pointless, it is literally the point of the argument, namely that crypto projects blast out tons of hype but never pan out into anything useful. Your rebuttal was "well, other things that people said were overhyped turned out to be paradigm shifts", but what I'm telling you is that your rebuttal does not tell us anything meaningful because it is equally true of all the failures as well.