Daily General Discussion - June 25, 2023

TirelessGuerilla, 10 months ago

Guess what? I read Ethereum for business and right now we can't do ANY of that shit. After 11 years it's still fucking speculation on what we COULD become. We won't, the old guard will make it first and use it since we are to focused on pump and dumps and pepe shit coins and "web 3" that costs users money to like a fucking post instead of charging advertisers on the back end

TirelessGuerilla, 10 months ago

• almost every company I know that was looking to implement Ethereum for use cases has either dropped it or switched to forks, like Quorom. Eth is STILL unusable for all the use cases after 11 fucking years. For the love of God, progress is too slow, and competitors are going to eat us alive. We could have tokenized real world assets but instead we became a pepe casino, now all the big boys are making their own Blockchain to finalize tokenized assets.

SilentJohn, 10 months ago

How are competitors going to achieve what Ethereum is achieving, with less devs, less decentralization, less security, less dapps, less tvl, less volume/liquidity, less user fees, less stakers, less nodes, etc? Businesses might be testing on these faster/cheaper chains, but I don't think they're stupid. The value prop for blockchain/crypto is with Ethereum.

Eth is STILL unusable for all the use cases after 11 fucking years

Can you be specific? In what way is Ethereum unusable? I would say that, yes, Ethereum is still building out infrastructure. It hasn't even been a year since the Merge. It's barely been a year since EIP1559. What are these other "competitors" achieving? All I see are ghost chains and vaporware.

progress is too slow

What's your benchmark? What's your metric for measuring fast or slow progress? Is there an emergent need to rush upgrades with literally billions at risk for any mistakes made?

We could have tokenized real world assets but instead we became a pepe casino, now all the big boys are making their own Blockchain to finalize tokenized assets.

We have. There are examples of this. 4k.com Fabrica, roofstock, ticketmaster

the old guard will make it first and use it since we are to focused on pump and dumps and pepe shit coins and "web 3" that costs users money to like a fucking post instead of charging advertisers on the back end

This is something addressed in the reddit thread Addressing Common Criticism

"Even if companies adopt Ethereum they will just run a private chain"

"Not just companies, but we're going to see private chains being run for consumers. We are already seeing some of this with Binance Smart Chain, but in the future, I'd speculate have big players like governments, banks, and corporations run private chains."

"Naturally, there'll also be business adoption for the public chain with B2B activities."

"Like I alluded to at the very beginning, only a very limited amount of gas will be consumed on the Ethereum L1 chain long term. But that doesn't matter - L1 will be 100% saturated at all times, and other solutions building with Ethereum only adds to its network and Lindy effects."

refugeddit, 10 months ago

@kbrot maybe we need this to be a weekly first instead of a daily? Need activity to start ramping up first

easy_like_sunday, 10 months ago

I support this one. Anyway, as of Friday I'll be off Reddit for good. So I'm happy to see more activity here.

kbrot, 10 months ago

I concur. Will set it up in the morning. Dealing with some personal stuff this past week or so.

easy_like_sunday, 10 months ago

Everyone feels energized for a bull run. But, it seems based on sentiment surrounding the new Bitcoin ETF. Is that it? Is there something else that I'm not seeing? I still feel like Good Game Gensler is still pulling us down over the next 6 to 10 months....

SilentJohn, 10 months ago

I just feel apathetic. Tradfi and crypto markets are both bullshit. Just have to play the long game.

refugeddit, 10 months ago

yeah, definitely apathy stage for me. Good indicator to keep DCA tho!

refugeddit, 10 months ago

Ethereum

ThrowawayPermanente, 10 months ago

DAE Ethereum?

cryptOwOcurrency, 10 months ago

yes

ThrowawayPermanente, 10 months ago

There are dozens of us