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Exactly, People on all extremes of this just cant seem to understand the simple reality that “the market can bear it.” The market can bear smart contract platf
by vmception 5y ago
Exactly, People on all extremes of this just cant seem to understand the simple reality that “the market can bear it.”
The market can bear smart contract platforms whether that platform writes to a proof of work system, a faster distributed set of nodes, or on localhost with port forwarding.
It doesnt matter! People like to deploy that kind of code on a platform that can be accessed that kind of way.
If there isn’t a token then people DDOS it instantly, with smart contracts that take up too much processing cycles or memory. Simple. People dont want to use limited fiat payment rails to attempt to preallocate resources, it doesnt work very well at arbitrary amounts, it ceases to be permissionless and the author is agreeable here: its been 13 years of this other solution and is an international hit!
Think about developers on Shopify’s app store that try to sell to ecommerce merchants. Its the same people with the same goals! Sell tools that theoretically make someone else’s life easier. Extract value because commerce exists. Thats really valuable. Thats exactly whats going on in blockchain. Just because you and your friends are taking linear bets with your capital and cant quantify why things go up way too often really has nothing to do with the people that built that tool for you who are taking little basis points here and there.