View this post on Hive: Synergistic Dapp Block(chain) Party: My Ethereum (ETH) Investment Thesis
Synergistic Dapp Block(chain) Party: My Ethereum (ETH) Investment Thesis
8 years ago by eeks (68)
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Great stuff and I generally agree.
There are big open-ended questions not addressed in the piece though, around the money-supply and consensus algo. What makes ETH still very high risk now and what's suppressing price IMO is the pending switch to proof-of-stake. If this is pulled off succesfully, I think the market will view that very favorably and the price will increase.
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Agree but it's also a huge risk. It just might not work at all.
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"...or no dapps are ever successful."
Being a DGD, REP and MKR hodler, that right there is my fear.
You have to think long-long-term though and remember that the truly amazing and successful dApps probably haven't even been thought up yet.
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Agree with that, nobody knows what will work best and we're in uncharted waters.
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Of coming Dapps I'm waiting for development of Gnosis http://gnosis.pm/ . They are going to start crowdsale in Aug - Sept. Augur is already working on testnet, but Gnosis is getting more support from EF it seems to me. Regretfully almost all releases were delayed after TheDAO mess.
DEVCON-2 will show many interesting things.
As for ETC, if you hold ETH, you should get the same sum in ETC now. I dumped my ETC on the first Poloniex day, have lost a bit, of course... I really don't see any use for ETC but speculations. As to that DAO story there's great post of avsa (Mist author) on Medium https://medium.com/@avsa/the-truth-about-the-fork-fd040c7ca955#.fasfrira7
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Thanks for sharing that link, a very thoughtful piece.
I'm also looking forward to Gnosis. I am a big fan of Koppelmann, its founder.
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I think genuinely so that community is treasure and synergy of Ethereum and Dapps is the key to growth.
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Thanks for posting this, I have heard ETH is cool and now I see why. All those dapps will probably generate lots of data, is blockchain bloat a problem?
And how hard is for a dapp to switch from ETH to ETC before it is launched? (assuming no incompatible changes to protocols and VM)
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