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Title: We need apps not coins Post by: Alttrader203 on June 29, 2017, 09:41:01 AM Why is all the investment going into more blockchains?
We need more consumer focused applications to create the ecosystem. Having so many new blockchains is like having multiple internet / phone lines at home. In contrast, we need applications like smart tv, netflix, spotify, web browsers... If we put all the money into infrastructure and not in apps, this will inplode like the fiberoptic investments 20 years ago, that no telco made any money with. How do we incentivize programmers to go program apps instead of another coin? Title: Re: We need apps not coins Post by: EXtremeAEX on June 29, 2017, 09:46:07 AM The only to not include transaction/service fees are really through support by donations, or by web advertising. There used to be a free tipping service ChangeTip, which allow you to donate and send bits of satoshis to other users completely free without any fees, but this service ended, and I think they would suffer more losses if they continued.
To give services incentives, we would have to be the ones to give them, so are you willing to? ;) Title: Re: We need apps not coins Post by: BTCwriter on June 29, 2017, 10:02:06 AM Why is all the investment going into more blockchains? We need more consumer focused applications to create the ecosystem. Having so many new blockchains is like having multiple internet / phone lines at home. In contrast, we need applications like smart tv, netflix, spotify, web browsers... If we put all the money into infrastructure and not in apps, this will inplode like the fiberoptic investments 20 years ago, that no telco made any money with. How do we incentivize programmers to go program apps instead of another coin? Because the apps don't make these scammers instant millionaire. Title: Re: We need apps not coins Post by: findingthemoon on June 29, 2017, 11:14:11 AM Why is all the investment going into more blockchains? We need more consumer focused applications to create the ecosystem. Having so many new blockchains is like having multiple internet / phone lines at home. In contrast, we need applications like smart tv, netflix, spotify, web browsers... If we put all the money into infrastructure and not in apps, this will inplode like the fiberoptic investments 20 years ago, that no telco made any money with. How do we incentivize programmers to go program apps instead of another coin? That's already happening and is the reason why we have so many token based ICOs rather than new coins. For examples see Aragon, Funfair, BAT, Monaco, Civic etc. Title: Re: We need apps not coins Post by: loreRex on June 29, 2017, 11:29:01 AM Why is all the investment going into more blockchains? We need more consumer focused applications to create the ecosystem. Having so many new blockchains is like having multiple internet / phone lines at home. In contrast, we need applications like smart tv, netflix, spotify, web browsers... If we put all the money into infrastructure and not in apps, this will inplode like the fiberoptic investments 20 years ago, that no telco made any money with. How do we incentivize programmers to go program apps instead of another coin? I agree with you, but right now the info-structure is still not solid. Bitcoin has scaling issues and it's not meant to execute smart contracts or carry additional data anyway. Ethereum is the best platform right now, but suffers from many different scaling issues and insufficient developer base. New proposals like IOTA could shift the paradigm and make ETH and other coins obsolete, and this can happen to IOTA itself. An entrepreneur could invest on a tech that is already old six month later, that's why it's so difficult to create actual apps on top of the existing coins. Moreover there is no way to plan how much time coding this stuff will require. Time management is fundamental. While if you start a team project in python you can give an approximate timeline, if you develop in solidity there is no way, since the language and software are continuuosly evolving. Title: Re: We need apps not coins Post by: bitcoinchaser on June 29, 2017, 11:38:37 AM We need to let some of these ICO's move past the "Selling" phase to the "Showing Tech".
Right now it's all too conceptual so it's easy for new ideas to keep coming. Once these tokens start actually getting used many people will understand the difference between a theoretical token and one that actually can be used on a dapp. Title: Re: We need apps not coins Post by: BitcoinHodler on June 29, 2017, 12:24:33 PM Why is all the investment going into more blockchains? because it is an investment to make money!nobody is creating a new currency and everyone is instead creating something that can make them more money. and i think it is safe to say 90% of people in this community is also only interested in making more money rather than seeing some usefulness. so developers give them what they want: get rich quick with pump and dumps. Quote How do we incentivize programmers to go program apps instead of another coin? stop wanting money and think about anything else other than profit. both users and developers.then we will see innovations like what Satoshi Nakamoto introduced. Title: Re: We need apps not coins Post by: Bitbullterrier on June 29, 2017, 12:30:01 PM I'm for more apps
I've been trying to sign up to a few exchanges etc in the last few days to purchase coins and its like trying to jump through hoops Title: Re: We need apps not coins Post by: minbosen on June 29, 2017, 01:21:20 PM Why is all the investment going into more blockchains? We need more consumer focused applications to create the ecosystem. Having so many new blockchains is like having multiple internet / phone lines at home. In contrast, we need applications like smart tv, netflix, spotify, web browsers... If we put all the money into infrastructure and not in apps, this will inplode like the fiberoptic investments 20 years ago, that no telco made any money with. How do we incentivize programmers to go program apps instead of another coin? Because the apps don't make these scammers instant millionaire. Haha, you get the point, the investment market has a powerful force to make project teams to make coins rather then to make apps. We have to admit no one will develop apps without payment. Title: Re: We need apps not coins Post by: shyliar on June 29, 2017, 03:49:52 PM After the ICO fiascos that totally bogged down a popular network the difficulty in developing apps on a decentralized network should be self evident. If a single ICO can cause such problems, imagine what a single popular app used 24/7 would do to a decentralized network. Or even several popular apps. The network would not be able to keep up, the apps would become useless and people would move on to something that works.
The fantasy of a "world super computer" capable of running 1000s of DAPPS, running smart contracts for banks and acting as a currency should be delegated to history. It's absurd to expect a public chain to do that. Title: Re: We need apps not coins Post by: HeRetiK on June 29, 2017, 04:02:13 PM We need to let some of these ICO's move past the "Selling" phase to the "Showing Tech". Right now it's all too conceptual so it's easy for new ideas to keep coming. Once these tokens start actually getting used many people will understand the difference between a theoretical token and one that actually can be used on a dapp. But it's much easier to sell a concept than actual tech! :p We'll see little chance until people stop throwing money at vaporware. There I was thinking Silicon Valley startups are overvalued. Title: Re: We need apps not coins Post by: wantjokull on June 29, 2017, 05:29:17 PM I think ICO are the biggest ass in the pain if we look at their smart contracts. Everybody of them are just speaking about contracts based on blockchain and stuff like that. This has led to investors to put their money blockchain and not the development of external resources. It's like everybody is putting their money on developing central processing unit but they don't know that there is nothing much to operate with central processing unit. I think there should be awareness about this to make it actually smart about it.
Title: Re: We need apps not coins Post by: styca on June 29, 2017, 06:32:54 PM Why is all the investment going into more blockchains? We need more consumer focused applications to create the ecosystem. Having so many new blockchains is like having multiple internet / phone lines at home. In contrast, we need applications like smart tv, netflix, spotify, web browsers... If we put all the money into infrastructure and not in apps, this will inplode like the fiberoptic investments 20 years ago, that no telco made any money with. How do we incentivize programmers to go program apps instead of another coin? When I think of a coin that solves a real-world problem, immediately I think of XRP. Sorry. Time for the haters to come out I suppose. Title: Re: We need apps not coins Post by: mobnepal on June 29, 2017, 06:51:58 PM Most of the ICO have promised real life application built on blockchain like encrypted VOIP, decentralized storage, decentralized music and app platform etc but it might require few more years to see them in action. I am quite sure some of such projects might get successful and can deliver what they have promised because they have collected millions of USD in crowdfunding.
Title: Re: We need apps not coins Post by: just_Alice on June 29, 2017, 06:55:15 PM Why is all the investment going into more blockchains? We need more consumer focused applications to create the ecosystem. Having so many new blockchains is like having multiple internet / phone lines at home. In contrast, we need applications like smart tv, netflix, spotify, web browsers... If we put all the money into infrastructure and not in apps, this will inplode like the fiberoptic investments 20 years ago, that no telco made any money with. How do we incentivize programmers to go program apps instead of another coin? Because the apps don't make these scammers instant millionaire. Creating an app you won't become a millionaire instantly, that's true, but if many people will find your app useful you can become one in several months. Also I don't think that all the creators of sh*tcoins became rich from that, many people lost their money failing to attract enough buyers for their coins. So in my opinion OP is absolutely right, it's better to invest your money in creation of a useful app rather than in creation of a useless coin. Title: Re: We need apps not coins Post by: The Sceptical Chymist on June 29, 2017, 07:15:23 PM If there's money to be made in apps, the the smart computer people will do that instead of flooding the market with stupid ICO scam coins. Til then we can expect more of the same. I agree that we don't need more coins--that should be obvious to anyone with half a brain, but right now we're still in the get-rich-quick stage. Merchant acceptance would help a lot of this.
Title: Re: We need apps not coins Post by: The Sceptical Chymist on June 29, 2017, 07:16:28 PM If there's money to be made in apps, the the smart computer people will do that instead of flooding the market with stupid ICO scam coins. Til then we can expect more of the same. I agree that we don't need more coins--that should be obvious to anyone with half a brain, but right now we're still in the get-rich-quick stage. Merchant acceptance would help a lot of this.
Title: Re: We need apps not coins Post by: One Man Band on June 29, 2017, 07:47:42 PM After the ICO fiascos that totally bogged down a popular network the difficulty in developing apps on a decentralized network should be self evident. If a single ICO can cause such problems, imagine what a single popular app used 24/7 would do to a decentralized network. Or even several popular apps. The network would not be able to keep up, the apps would become useless and people would move on to something that works. The fantasy of a "world super computer" capable of running 1000s of DAPPS, running smart contracts for banks and acting as a currency should be delegated to history. It's absurd to expect a public chain to do that. Spot on. Their simply isn't the infrastructure to build complex apps upon as yet. And the larger A block chain is, the more centralized it becomes. Quantum computing might be an answer, but thats 20 years away at least. Title: Re: We need apps not coins Post by: mclone on June 29, 2017, 07:51:33 PM Why is all the investment going into more blockchains? We need more consumer focused applications to create the ecosystem. Having so many new blockchains is like having multiple internet / phone lines at home. In contrast, we need applications like smart tv, netflix, spotify, web browsers... If we put all the money into infrastructure and not in apps, this will inplode like the fiberoptic investments 20 years ago, that no telco made any money with. How do we incentivize programmers to go program apps instead of another coin? I totally agree more apps is what we need especially like brave browser, BAT promising us clean web not commercial fights. People should develop senses about future of eco system its also investors responsibility to lead future. Title: Re: We need apps not coins Post by: gedor on June 29, 2017, 10:07:15 PM I agree with you, we need new applications from all kind of businesses using blockchain tech instead of meaningless ico projects.
Title: Re: We need apps not coins Post by: ethersphere on June 29, 2017, 10:21:14 PM ICOs are good for the community if they are done legitimately. Helps replace stocks/reduce regulations for companies, verifiable/transferable/accessible tokens that represent ownership AKA allowing everything to be "digitized".
Problem is all the excessive hype though.. Title: Re: We need apps not coins Post by: lambofan on June 29, 2017, 10:36:41 PM Is true,there are too many coins today but I do not think its are going to diminish soon,for some reason devs continue to draw new coins everyday.
Title: Re: We need apps not coins Post by: selline on June 30, 2017, 01:16:19 AM I agree with you, we need new applications from all kind of businesses using blockchain tech instead of meaningless ico projects. I also agree with you, because that indeed we need is a new application for all types of businesses to use technology blockchain because its users more easily and safely but should there really special safeguards if used for doing business should only to store only Title: Re: We need apps not coins Post by: valiant1 on June 30, 2017, 03:14:04 AM I think there is still a lack of ideas for new, sustainable, and lucrative business models that can utilize the blockchain. A lot of people in this thread are agreeing with the sentiment that it should be about apps and not coins, but I haven't heard many actual ideas for those apps.
Title: Re: We need apps not coins Post by: Bitcoinsummoner on June 30, 2017, 03:23:07 AM Bitcoin not giving a lot of needs by people that is why there are many ICO's and altcoin out there just to fill the shortage use by people in bitcoin..
And op had a good point much better to developer make a new apps to use the coin instead more developing they are adding more coins.. You know they are just fooling other people to invest just to get the money it is just like the same as investment scheme.. Title: Re: We need apps not coins Post by: realistic1 on June 30, 2017, 03:30:45 AM Because the base coin everything is being built on i.e. Bitcoin and Etherereum are flawed systems. Thats why Xtrabytes with its 51% attack proof, infinite scalability etc is what future apps will be built on due to its modular system that is designed to be built upon. You don't build your house on sand...
Title: Re: We need apps not coins Post by: olushakes on June 30, 2017, 01:11:42 PM Why is all the investment going into more blockchains? We need more consumer focused applications to create the ecosystem. Having so many new blockchains is like having multiple internet / phone lines at home. In contrast, we need applications like smart tv, netflix, spotify, web browsers... If we put all the money into infrastructure and not in apps, this will inplode like the fiberoptic investments 20 years ago, that no telco made any money with. How do we incentivize programmers to go program apps instead of another coin? Your argument is very much valid as we already have enough number of coins that have come and go and even several that are listed in several exchange sites across the internet while some are still even coming out on a daily basis. However, I would appreciate if all the coins by developers is geared towards creation of problem solving projects like Solar energy for third world countries, affordable internet, sewage recycling among other projects rather than just focusing only on the pumps and dumps on the exchange sites. Title: Re: We need apps not coins Post by: Alttrader203 on June 30, 2017, 02:09:51 PM Happy to see we share many common thoughts.
I believe blockchain icos with no direct application for revenue generation should not be invested in. Another post of mine is about the bad prospects i see. Clearly this rate of market growth is not sustainable, it will crash as most consumer apps are only ready in 2018. And then they will face the reality of competition!! Like gambling site vs wagerr Like amazon vs siacoin Like azure vs golem Like dcorp vs etoro Like monaco vs visa Like mozilla vs bat Like apple pay vs litecoin/zcash/etc... Like reddit vs steem It is not easy to beat it when it comes to consumer adoption. We have proved just 1 case of application so far: Like gold vs bitcoin Others are dreams. We need to invest in proving them! And fast. Title: Re: We need apps not coins Post by: oaz7t on June 30, 2017, 02:14:02 PM May be everyone loves bitcoin and they want it to grow big in the future. The investment would be great if we look from the perspective of its technology currently. It is still new and may be investors are trying to fix it.
Title: Re: We need apps not coins Post by: blockoptions on June 30, 2017, 03:02:24 PM We are developing a blockchain binary options Dapp running on ethereum blockchain, seems not easy to build a 100% onchain Dapp right now, still need some offchain development. :P
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