[rhart92]

I agree that it is still an open question whether the EVM will have profitable applications. I lean towards yes.

It is (in my opinion) no question that the feature has theoretical value. I think the only question is whether that feature's value will outweigh the considerable costs of using a blockchain.

I think there are definitely cases where it will be profitable, but think blockchain tech in general is probably overhyped right now.

[richardknop]

I would lean towards no but perhaps I will be surprised.

We have had about a year of dapp development gone by so far and there isn't a single dapp with any meaningful userbase.

I think if another year goes by and we are 2 years in the dapp development cycle and there is no successful dapp that will probably mean it's not a successful model.

I am also concerned about these dapps having insane valuations and raising huge sums of money just by releasing a vague whitepaper, without having a working product with users.

Normal startups would usually start with a seed round of hundreds of thousands USD but raising 50 millions or more is just obscene, that's a series B or C round for a fast growing startup with tens of millions real users and hundreds of employees usually.

I am interested how this whole situation plays out but remain skeptical for now.

[BaronSamedi]

I agree with you. I wonder if the best use case for ethereum scripts is actually with private block chains. For private chains the trust problem with external input to the scripts (which is needed for any serious dapp) would be minimized.

I've seen so many technologies hyped, fail to live up to expectations, and then disappear. Etheruem has some interesting ideas, I'm worried that they have grossly over-stated its potential and it will soon fall off the hype cliff.

[rhart92]

The ICO scene right now is insane. Definitely bubble-ish behavior.