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I like the idea of Web3, but the problem is immediately apparent when I want to go play with some Web3 technologies: Everything requires money up front, and it'
by ocdtrekkie 5y ago
I like the idea of Web3, but the problem is immediately apparent when I want to go play with some Web3 technologies: Everything requires money up front, and it's often a non-trivial amount. NFT based games are selling items for hundreds or thousands of dollars and I just want to screw around in the game for fun.
A big part of the problem here is that the high cost of crypto transactions and NFT minting means many Web3 things literally can't afford to let people get started for free.
- robot_no_419 5y agoThe solution is layer 2 protocols like Loopring and Polygon that will sit on top of the Ethereum stack and offer much faster/cheaper ways to interact with the Blockchain.
- ocdtrekkie 5y agoSpeaking of layers of protocols... that just feels like adding NAT to IPv4: A patch job solution for something that was deeply flawed to begin with.
- pcthrowaway 5y agoFor additional clarity, Polygon is its own blockchain. Loopring is, to my understanding, specialized for trading, and perhaps expensive to get started with. And there are also other blockchains for which transactions indeed cost pennies, and which are faster than Ethereum. I love Ethereum for what it's provided to the ecosystem, but at the same time, I've never used it.
- zenlikethat 5y agoWhether it's new, high-performance chains like Solana or Avalanche, or better Ethereum scaling, things will definitely get cheaper eventually. You can also buy tons of NFTs for cheap thanks to the gold rush, not that you'd want to.