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I read the report much more bullishly. It's clear that the things driving actual technological progress are growing. Active developers seems to have doubled ove
by lazzlazzlazz 4y ago
I read the report much more bullishly. It's clear that the things driving actual technological progress are growing. Active developers seems to have doubled over the last few years. NFT buyers is surprisingly high, having fallen much less than I imagined (need to look into this). Academic interest has skyrocketed on a 2-3 year timeframe.
The report, very honestly, seems to be saying that the underlying tech is developing even though hype seems to have slowed (a repeated pattern in tech).
Overall, good news!
- red-iron-pine 4y agoDevelopers are up, but wallets and transactions are down. Publications and job search interest are also trending down. A currency needs people using it, otherwise it's just a pet project or an excuse to launder fiat money. And how do you justify exchanges when no one is making money via transactions? You're basically just burning electricity hoping that someone, eventually, decides they want an NFT or whatever Nu-Coin is being pushed this week. The whole thing feels like a buncha people got really stuck in and are now holding the bag, while the rest of the world quietly walks away.
- lazzlazzlazz 4y agoEthereum (where most of the activity lies) is not a currency; it's a distributed shared-state computer. Transactions represent state transitions in the computer's virtual machine[1]. It's Turing Complete! The most interest projects are entire programs and the most interesting tokens represent control over those programs, data used by those programs, or even their own programs. Calling crypto networks "currencies" is like calling the internet a chat system: there's some truth to parts of it, but it's ultimately false. [1]: https://ethereum.org/en/developers/docs/evm/ https://ethereum.org/en/developers/docs/evm/