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> ADDS slow clunky overhead; that's the price of decentralization. Actually, you can just use a federated blockchain. > Everything you're imagining is ALL do
by stale2002 1y ago
> ADDS slow clunky overhead; that's the price of decentralization.
Actually, you can just use a federated blockchain.
> Everything you're imagining is ALL done much easier with good ol' databases
There is an ecosystem of 10s of thousands of developers that can run specifically ethereum contracts on a database, while being compatible with all existing stable coin onramps?
You have to show me the 10s of thousands of developers is the point. Thats an ecosystem. It means that you can connect to all of these existing apps and on ramps, and smart contracts and more. There isn't a database version of that.
- jrm4 1y agoYeah, as grumpy op, I should slow down and give your ideas more credit. Very optimistically -- what you're saying is correct. There is a best case scenario in which Stripe et al observe all of these already working and perhaps popular financial use-case things (perhaps to compete with bigger banks or just because they see/believe it as the future) and encourage adoption. I'd bet this won't much happen, but I really do hope I'm wrong.
- dmbche 1y agoWhat are the tens of thousands (?) of devs doings that is more efficient by doing it on a blockchain is the question Hint: the point of "proof of work" is to do more work than necessary
- stale2002 1y ago> that is more efficient by doing it on a blockchain Well one major thing is what I just brought up that is more efficient thing is the developer experience. Being able to fork an open source integration that has all of these money and smart contract features built in is much easier than trying to figure out how to design a smart contract system from scratch that doesn't use a blockchain.