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The projects reshaping the economy are named. The good ones are Ethereum and L2s. Their goal is to become planetary infrastructure for the global economy. Ther

The projects reshaping the economy are named. The good ones are Ethereum and L2s. Their goal is to become planetary infrastructure for the global economy. There's such an abundance of VC money that funding isn't scarce. Developer talent is however.

boringg 5y ago
Doesn't the thought of "something that is supposedly/hypothetically going to change the fundamental economic system of the planet" built on back of VC money (I realize not all of crypto started from VC funding) seem to likely have some fundamental flaws? That and quality developer talent is rare that the final products shipped are going to be poor? I really don't see how this thing shakes out well for humanity (not even including carbon costs)
kcabdelta 5y ago
@delaaxe: "Their goal is to become planetary infrastructure for the global economy." Seeing as this "planetary infrastructure" will consume more energy than it produces. A better description would be "planetary snakeoil". The economic equivalent of a perpetual motion machine.
- cableshaft 5y ago
  I don't know what point you're trying to make here. Tons of things consume more energy than they produce. Humans for one. I don't even know what 'energy' you're thinking crypto produces here, or that dollars produce in comparison (The only electricity I've seen dollars generate is static electricity). I'm guessing you're being metaphoric here, but your comment is too vague to be useful.
ddeyar 5y ago
Tezos will be a big competitor. Its self amending mechanism allows developers to inject proposals on which the bakers are invited to vote on. Every ~3 months improvements are made. Its language allows formal verification. But the most important of all it upgrades itself without forks. It is liquid PoS since the beginning. Transactions or contract calls cost below 1 cent, due to steady implemented gas fee optimizations. This month 30M contract calls will be reached whereof almost all were done this year. More and more serious businesses are joining. https://tezos.com/ https://tezos.com/ https://techcrunch.com/2021/11/15/entrepreneur-first-launches-partnership-with-tezos-to-spin-up-web3-startups/ https://techcrunch.com/2021/11/15/entrepreneur-first-launche...

boringg 5y ago

Doesn't the thought of "something that is supposedly/hypothetically going to change the fundamental economic system of the planet" built on back of VC money (I realize not all of crypto started from VC funding) seem to likely have some fundamental flaws? That and quality developer talent is rare that the final products shipped are going to be poor? I really don't see how this thing shakes out well for humanity (not even including carbon costs)

kcabdelta 5y ago

@delaaxe: "Their goal is to become planetary infrastructure for the global economy." Seeing as this "planetary infrastructure" will consume more energy than it produces. A better description would be "planetary snakeoil". The economic equivalent of a perpetual motion machine.

cableshaft 5y ago
I don't know what point you're trying to make here. Tons of things consume more energy than they produce. Humans for one. I don't even know what 'energy' you're thinking crypto produces here, or that dollars produce in comparison (The only electricity I've seen dollars generate is static electricity). I'm guessing you're being metaphoric here, but your comment is too vague to be useful.

ddeyar 5y ago

Tezos will be a big competitor. Its self amending mechanism allows developers to inject proposals on which the bakers are invited to vote on. Every ~3 months improvements are made. Its language allows formal verification. But the most important of all it upgrades itself without forks. It is liquid PoS since the beginning. Transactions or contract calls cost below 1 cent, due to steady implemented gas fee optimizations. This month 30M contract calls will be reached whereof almost all were done this year. More and more serious businesses are joining. https://tezos.com/ https://tezos.com/ https://techcrunch.com/2021/11/15/entrepreneur-first-launches-partnership-with-tezos-to-spin-up-web3-startups/ https://techcrunch.com/2021/11/15/entrepreneur-first-launche...