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I think it's interesting to standardize these things as ERC20 tokens. It's still very early days, but that allows you to leverage the entire ETH econsystem whic

I think it's interesting to standardize these things as ERC20 tokens. It's still very early days, but that allows you to leverage the entire ETH econsystem which is still growing. For example, I could store those ERC20 tokens on my hardware wallet, or phone wallet, send them to others without using a platform's website, etc. Also, your comment reminds me somewhat of the infamous Hacker News comment when Dropbox posted ("everything you want to do can be done simply with rsync"). Sure, perhaps it's simple for tech folks that know how to build a database and a website that lets you mint and share tokens. But what if you are a popular Youtube vlogger? You either don't know how to do that, don't have time to, or don't want to spend the money. But perhaps you'd use this service, quickly mint tokens, give them away to users, and invent interesting use cases for them. Personally, I love this idea and think it has great potential. Will anything useful come of it? Who knows -- it's early days. I think the most interesting use cases, if they exist, haven't been thought of yet. I look forward to seeing what people do with it.

anilshanbhag 9y ago
There are two parts: - Is the idea interesting ? Yes possibly. The idea of making it easy to create tokens is interesting. I can see twitch streamers giving away tokens to their subscribers / viewers. - Does it need to be on blockchain ? For all the use cases described, the answer according to me is no. It is easier to simply have a frontend through which users can interact vs maintaining a wallet, installing metamask, etc. This is going in the direction opposite of the Dropbox example - making things harder for users.
- streulpita 9y ago
  It’s harder now but it’s going to get there! You gotta believe! We’re chasing something interesting and hoping we can keep making it easier and more useful. Right now, we do know it’s harder and people are still choosing to try it for fun! I agree with all your feedback above though and it’s actually really helpful to keep those realities in mind.
  - banachtarski 9y ago
    Everything about the way ETH and all this other drivel gets evangelized reeks of some sort of baseless fanaticism.
  - hbk 9y ago
    Is this Carlos from Bitconnect?
spookthesunset 9y ago
“Bitcoin / blockchain is still young”. No it isn’t it is more than 10 years old. An eternity in the tech world. “Let me compare bitcoin / blockchain doubters to all doubters of some successful technology“. The fact that there were naysayers for some successful tech does not prove that there being naysayers for bitcoin/blockchain means that it will be a success. Your reply is identical to every scammer and crooked shyster in the crypto space. YCombinator is damaging it’s brand associating with scams. The sooner this blockchain nonsense crashes, the better...

anilshanbhag 9y ago

There are two parts: - Is the idea interesting ? Yes possibly. The idea of making it easy to create tokens is interesting. I can see twitch streamers giving away tokens to their subscribers / viewers. - Does it need to be on blockchain ? For all the use cases described, the answer according to me is no. It is easier to simply have a frontend through which users can interact vs maintaining a wallet, installing metamask, etc. This is going in the direction opposite of the Dropbox example - making things harder for users.

streulpita 9y ago
It’s harder now but it’s going to get there! You gotta believe! We’re chasing something interesting and hoping we can keep making it easier and more useful. Right now, we do know it’s harder and people are still choosing to try it for fun! I agree with all your feedback above though and it’s actually really helpful to keep those realities in mind.
- banachtarski 9y ago
  Everything about the way ETH and all this other drivel gets evangelized reeks of some sort of baseless fanaticism.
- hbk 9y ago
  Is this Carlos from Bitconnect?

spookthesunset 9y ago

“Bitcoin / blockchain is still young”. No it isn’t it is more than 10 years old. An eternity in the tech world. “Let me compare bitcoin / blockchain doubters to all doubters of some successful technology“. The fact that there were naysayers for some successful tech does not prove that there being naysayers for bitcoin/blockchain means that it will be a success. Your reply is identical to every scammer and crooked shyster in the crypto space. YCombinator is damaging it’s brand associating with scams. The sooner this blockchain nonsense crashes, the better...