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What stops Spotify or Sotheby or any other proper company from forking off the ETH blockchain and sell NFT as a service? Nothing..they won't even have to pay b

What stops Spotify or Sotheby or any other proper company from forking off the ETH blockchain and sell NFT as a service? Nothing..they won't even have to pay because the project is opensource. They can solely focus on ease of use and marketing which is what proper companies do best and just take the technical part without any compensation. This is also the reason why Larry Page is among the richest men in the world and Linux' Linus is a nobody who is only known and relevant among nerds

whitepaint 5y ago
> What stops Spotify or Sotheby or any other proper company from forking off the ETH blockchain and sell NFT as a service? It's as saying if Facebook released all of its code then suddenly it would get competition. It wouldn't. There's the whole infrastructure behind it: thousands of nodes running the blockchain, thousands of applications running on it, developers in this sphere are very scarce because it's so complicated. If you wanted to try to create yet another "Ethereum killer", you would also need to convince developers to write apps on your chain, and people to run the nodes. By the way, to say that Linus Torvalds is a nobody is a ridiculous thing. His net worth is humongous to begin with.
- ObserverNeutral 5y ago
  > There's the whole infrastructure behind it: thousands of nodes running the blockchain, thousands of applications running on it, developers in this sphere are very scarce because it's so complicated. If you wanted to try to create yet another "Ethereum killer", you would also need to convince developers to write apps on your chain, and people to run the nodes. Are those things really needed to ...you know commercially sell the product to the public, give them ease of use and make money in the process? Because if we must ride the blockchain thing for Venture Capital funding or to look hip among the public on twitter...well we can stick an ethereum logo on it and invite Vitalik to the company podcast. It's much easier and accomplishes the goal in much more straightforward manner.
  - whitepaint 5y ago
    Of course you can do the Binance thingy (copy of Ethereum and have complete centralization). I don't believe that will prevail in the long term. Decentralization is a must.

whitepaint 5y ago

> What stops Spotify or Sotheby or any other proper company from forking off the ETH blockchain and sell NFT as a service? It's as saying if Facebook released all of its code then suddenly it would get competition. It wouldn't. There's the whole infrastructure behind it: thousands of nodes running the blockchain, thousands of applications running on it, developers in this sphere are very scarce because it's so complicated. If you wanted to try to create yet another "Ethereum killer", you would also need to convince developers to write apps on your chain, and people to run the nodes. By the way, to say that Linus Torvalds is a nobody is a ridiculous thing. His net worth is humongous to begin with.

ObserverNeutral 5y ago
> There's the whole infrastructure behind it: thousands of nodes running the blockchain, thousands of applications running on it, developers in this sphere are very scarce because it's so complicated. If you wanted to try to create yet another "Ethereum killer", you would also need to convince developers to write apps on your chain, and people to run the nodes. Are those things really needed to ...you know commercially sell the product to the public, give them ease of use and make money in the process? Because if we must ride the blockchain thing for Venture Capital funding or to look hip among the public on twitter...well we can stick an ethereum logo on it and invite Vitalik to the company podcast. It's much easier and accomplishes the goal in much more straightforward manner.
- whitepaint 5y ago
  Of course you can do the Binance thingy (copy of Ethereum and have complete centralization). I don't believe that will prevail in the long term. Decentralization is a must.