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Furthermore, downloading the Ethereum Blockchain, going through shady exchanges to buy ether coins, and maintaining a secure wallet is a much bigger headache th

Furthermore, downloading the Ethereum Blockchain, going through shady exchanges to buy ether coins, and maintaining a secure wallet is a much bigger headache than simply paying for Amazon Prime. This is a nice tech demo but not of any practical significance.

crispyporkbites 6y ago
That’s like someone in the 90s saying paying for an internet connection, getting an email address and signing up for YouTube is too much of a headache than turning on the TV. Besides, you can earn currency from just seeding the torrent- presumably there would be a way to download some initial torrents for free and then you can contribute to the network directly without needing to get a wallet or set anything up. It’s on the web as well, so it could be as seamless as YouTube, only you’d have a small currency counter that goes up if you leave the tab open, and you can either spend that currency by downloading or withdraw it by selling it to other users who would rather pay than seed.
- joosters 6y ago
  Cryptocurrency doesn’t look good when it is inevitably compared with the early days of the web. The internet got rapidly better each year, whereas crypto has been around for years without any real improvements, in usability, safety, or efficiency.
  - Sargos 6y ago
    I don't know what you mean. Maybe you just don't pay attention? A few years ago transactions were limited to 15 transactions per second, today there are multiple ways to achieve thousands of transactions per second[1]. A few years ago privacy didn't exist and now there are multiple ways to achieve privacy [2][3]. A few years ago end users had to remember long complicated strings to send a transfer or to restore their wallets and now there are easy ways to transfer to human readable names [4] and social wallet recovery [5] if you lose your funds or make a mistake. Argent alone is a huge increase in usability for end users. There are more but if you even look at these metrics then things are improving at a great clip. Faster than the early web even. [1] https://medium.com/matter-labs/evaluating-ethereum-l2-scaling-solutions-a-comparison-framework-b6b2f410f955 https://medium.com/matter-labs/evaluating-ethereum-l2-scalin... [2] https://tornado.cash/ https://tornado.cash/ [3] https://www.aztecprotocol.com/ https://www.aztecprotocol.com/ [4] https://ens.domains/ https://ens.domains/ [5] https://www.argent.xyz/ https://www.argent.xyz/

crispyporkbites 6y ago

That’s like someone in the 90s saying paying for an internet connection, getting an email address and signing up for YouTube is too much of a headache than turning on the TV. Besides, you can earn currency from just seeding the torrent- presumably there would be a way to download some initial torrents for free and then you can contribute to the network directly without needing to get a wallet or set anything up. It’s on the web as well, so it could be as seamless as YouTube, only you’d have a small currency counter that goes up if you leave the tab open, and you can either spend that currency by downloading or withdraw it by selling it to other users who would rather pay than seed.

joosters 6y ago
Cryptocurrency doesn’t look good when it is inevitably compared with the early days of the web. The internet got rapidly better each year, whereas crypto has been around for years without any real improvements, in usability, safety, or efficiency.
- Sargos 6y ago
  I don't know what you mean. Maybe you just don't pay attention? A few years ago transactions were limited to 15 transactions per second, today there are multiple ways to achieve thousands of transactions per second[1]. A few years ago privacy didn't exist and now there are multiple ways to achieve privacy [2][3]. A few years ago end users had to remember long complicated strings to send a transfer or to restore their wallets and now there are easy ways to transfer to human readable names [4] and social wallet recovery [5] if you lose your funds or make a mistake. Argent alone is a huge increase in usability for end users. There are more but if you even look at these metrics then things are improving at a great clip. Faster than the early web even. [1] https://medium.com/matter-labs/evaluating-ethereum-l2-scaling-solutions-a-comparison-framework-b6b2f410f955 https://medium.com/matter-labs/evaluating-ethereum-l2-scalin... [2] https://tornado.cash/ https://tornado.cash/ [3] https://www.aztecprotocol.com/ https://www.aztecprotocol.com/ [4] https://ens.domains/ https://ens.domains/ [5] https://www.argent.xyz/ https://www.argent.xyz/