Welcome to the Daily General Discussion on Ethfinance
- Massive List of Ethereum Links! - under construction
- [Magazine Rules] - see sidebar
- Discord - EV Mavericks
Be awesome to one another and be sure to contribute the most high quality posts over on our sister magazines. Or guide them here for help and community, too!
Daily Doots Rich List - https://dailydoots.com/
community calendar: via Ethstaker https://ethstaker.cc/event-calendar/
“Find and post crypto jobs.” https://cryptojobs.gg/
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.
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.
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 have. There are examples of this. 4k.com Fabrica, roofstock, ticketmaster
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.”