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Crypto developers are not primarily working on alt coins. They're working on enterprise blockchains with niche applications, or working on building dapps on top

by j0hnyl 4y ago

Crypto developers are not primarily working on alt coins. They're working on enterprise blockchains with niche applications, or working on building dapps on top of existing chains.

cm2187 4y ago
Driven by MBAs who told their IT department to do crypto, whatever that means, because they read it is the future.
- j0hnyl 4y ago
  I really don't think this is it. I've not heard of many tech companies just shifting their existing efforts onto crypto. A notable exception are big tech companies that are used to making lots of bets, so of course they allocate some of their resources in order to dabble. Personally, what I like about crypto as an eco-system is that it has a very low barrier to entry and there is lots of room for scrappy startups. If a few people want to get together and and build a protocol or dapp to run on top of Ethereum, they can do so, deploy their code, and if the market responds positively to their project, they can start collecting revenue immediately.
  - cm2187 4y ago
    Tech companies, I agree, because their management would be fairly IT-litterate. But outside of tech companies certainly.
superkuh 4y ago
That's the ".../etc". Alt-coins/etc where etc is anything which creates a new pool of value which the developers skim off first. No one is seriously using blockchains for enterprise stuff because there's no reason to besides abusing the name for notability. If they're serious they use a database because as an enterprise there's always someone who all parties trust. Follow the flowchart. http://erewhon.superkuh.com/pictures/do-you-need-a-blockchain.png http://erewhon.superkuh.com/pictures/do-you-need-a-blockchai...
- j0hnyl 4y ago
  Enterprise blockchains ARE databases. They're private and they don't necessarily have a token attached. What you're talking about are public facing blockchains that uses a coin or token to create the new pool of value that you're referring to.

by j0hnyl 4y ago

Crypto developers are not primarily working on alt coins. They're working on enterprise blockchains with niche applications, or working on building dapps on top of existing chains.

cm2187 4y ago

Driven by MBAs who told their IT department to do crypto, whatever that means, because they read it is the future.

j0hnyl 4y ago
I really don't think this is it. I've not heard of many tech companies just shifting their existing efforts onto crypto. A notable exception are big tech companies that are used to making lots of bets, so of course they allocate some of their resources in order to dabble. Personally, what I like about crypto as an eco-system is that it has a very low barrier to entry and there is lots of room for scrappy startups. If a few people want to get together and and build a protocol or dapp to run on top of Ethereum, they can do so, deploy their code, and if the market responds positively to their project, they can start collecting revenue immediately.
- cm2187 4y ago
  Tech companies, I agree, because their management would be fairly IT-litterate. But outside of tech companies certainly.

superkuh 4y ago

That's the ".../etc". Alt-coins/etc where etc is anything which creates a new pool of value which the developers skim off first. No one is seriously using blockchains for enterprise stuff because there's no reason to besides abusing the name for notability. If they're serious they use a database because as an enterprise there's always someone who all parties trust. Follow the flowchart. http://erewhon.superkuh.com/pictures/do-you-need-a-blockchain.png http://erewhon.superkuh.com/pictures/do-you-need-a-blockchai...

j0hnyl 4y ago
Enterprise blockchains ARE databases. They're private and they don't necessarily have a token attached. What you're talking about are public facing blockchains that uses a coin or token to create the new pool of value that you're referring to.