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Yeah unfortunately right now that is the case; you pay for Ethereum to onboard and participate, and most early adopters are people buying their way in. It does
by atak1 4y ago
Yeah unfortunately right now that is the case; you pay for Ethereum to onboard and participate, and most early adopters are people buying their way in.
It doesn't have to be this way though.
I don't think "blockchain's original use case was financial". Bitcoin's was. I'm not sure Ethereum and subsequent platforms have the same DNA.
- SkyMarshal 4y agoBitcoin was the original blockchain, thus blockchain's original use case was financial. And it does have to be this way, they don't work otherwise, unless you just want Bittorrent. Regardless what Ethereum PR tries to claim, the reality is, public, permissionless, decentralized blockchains only work because they are designed to self-fund, and require everything running on them to pay into the system in some manner. They are all fundamentally financial.
- atak1 4y agoThis meaning of "fundamentally financial" sounds to me like designing incentive structures. If so, yes, blockchains are all "fundamentally financial". You need incentives for folks to keep the lights on. But aren't our lives "fundamentally financial" - exchanging our time for money? That doesn't mean that the work we do can't evolve beyond this fundamental incentive structure. I draw a line, for example, between the purposes of yield farming and ENS.