I don't think that is true. You can absolutely reuse BTC for your so called "smart contracts".
232 karma · joined November 12, 2013
I don't think that is true. You can absolutely reuse BTC for your so called "smart contracts".
You don't need "cryptocurrency system" for most of the cases, do you? E.g. you don't need to solve double spending problem if all you want is a decentralized forum / messaging app / video chat. I'm not a decentralization expert but it seems to me, DHT has worked so far. And its advantage over Ethereum is that users don't have to buy some currency and pay for every message. They subscribe to the content they like and support it by hosting it. It's easy as that.
You need Ethereum if you want an easy ICO, but if it's a bad thing now, then I don't know why would anybody use it.
> Exactly. For every ICO that pops up, ask does this use case require a special token?
Well, creators of Ether have already got their share, didn't they? What should be the motivation of "dApp" developers in your opinion if they can't earn the way Ether developers did? Do you expect them to use Ethereum for the love of humanity? Because, you don't really need Ethereum to create decentralized applications. There were decentralized (p2p) forums way before the crypto movements. There is a decentralized (p2p) search engine that works just fine without Ethereum. If not ICO, why would I pay the Ethereum network to deploy my contract, develop an app, promote it, and then convince my users that they should pay the network to use my app, too (assuming that I hold 0.0000 of Ether and don't care about the rise of its price)?
Isn't that what Ethereum is for?
How can I convince people to use my Facebook killer app instead of Facebook if they have to pay for every action (update profile, send message, post something, etc.), the price is not clear in advance (who knows how much "gas" every action would cost), and the process of publishing is not instant (IIRC Facebook has 2 billions of active users, can Ethereum handle that scale? It's supposed to be used by thousands of different projects, right?).
What's sidechain? Is it something I have to develop myself (i.e. something Ethereum does not provide out of the box)? If that's the case why do I need Ethereum at all?
>> FOSS developers
I don't think it has something to do with FOSS but rather with blockchain developers. Most projects have nice landing pages but very vague messages.
Sorry, but that's complete BS.
1. Has anyone of the "redecentralizers" ever thought about how developers would monetize their software? The web as we know it is popular because there is financial incentive. Current web makes it possible to implement any monetization model out of existing 12: product, service, Subscription, Resale, Audience Aggregation, etc. Why would you want to limit that?
2. Has anyone considered compatibility with the existing applications? Yeah, that's non-trivial, but wouldn't it be cool if with minimal effort we could move existing software to a more decentralized model?
3. Don't tell me which stack of technology to use. Not everybody wants to build JS SPAs.
4. Has anyone ever built a useful and successful decentralized service. I mean the one that would be popular even if it's centralized, not just like "Facebook but federated". How about starting with this step instead of creating an abstract protocol?
Can we ever define the "clear, undeniable social value"? Isn't it better to just let people vote, say, using money like they do now?
LOL, this is exactly what corrupted officials in a Country-I-Woudn't-Call say when they're asked about billions being spent on building of roads that cannot survive a single season (so they have to be rebuilt every year). "That's because of our weather", - they say.
That was my reaction as well. I'm surprised that this kind of "deep" analysis is on the front page.