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by prepend
1872 days ago
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The problem Isee is that Ethereum is too expensive to do anything practical. So the “successes” have all been greater fool things. Decentralized is really useful for many uses, but the monetary aspects are making it less useful, I think. I’ve read some plans and thought they would be cool if it wasn’t going to devolve to people just getting money. I think things like BitTorrent are successful because there’s not someone rentseeking over the operation extracting value as cash. Ethereum’s issue, I think, is that the cost of transactions is much higher than the true cost. If it just focused on incentivizing distributed compute then there would be more benefit. I’d rather have manual trust like seti/boinc did decades ago and greater functionality. |
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