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This will never get any traction except for startup hype. The economics just don't work and the end user sees nothing changed since frontend stays the same? Ho

This will never get any traction except for startup hype. The economics just don't work and the end user sees nothing changed since frontend stays the same? How complicated and expensive can you get. Engineering is about solving problems with the right tools and with the least amount of maintenance. This is inventing a whole lot of stack for what? Your pipedream of "decentralised" internet. They fork Ethereum chain continueslly for their own gain, aka it's managed centrally! /endrand

deleted 5y ago
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dmak 5y ago
You say it will never get any traction, but cryptocurrency’s global market cap is $2.28T right now and growing. This has a lot of vibes similar to when dropbox was first announced. Even if you don’t find it valuable or believe in it, surely you can see why a group of people might.
- ctvo 5y ago
  It’s not similar to Dropbox. For the initial Dropbox idea it was doubt that user convenience mattered (just use rsync!) not that there wasn’t a worthwhile problem. What is the problem and solution here? If you say illegal activities, gambling, and evading state regulations, I can see it. Great product. Citing market cap isn’t that convincing. China has a property market with similar value that’s being threatened as we speak. What does a very large number prove except there’s been investment? It certainly doesn’t prove it’s a sound investment or that it has a future beyond a vehicle for the uses I mentioned.
- ryan_lane 5y ago
  The thing driving that market cap is wash trading. The legitimate trade volume is actually quite low. Very few people use cryptocurrencies, and the vast majority that do are gambling. I can see that people enjoy gambling, but that doesn't mean the actual tech is good.