We need apps not coins

[Alttrader203]

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?

[EXtremeAEX]

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?

[BTCwriter]

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.

[findingthemoon]

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.

[loreRex]

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. 

[bitcoinchaser]

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.

[BitcoinHodler]

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.

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.

[Bitbullterrier]

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

[minbosen]

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.

[shyliar]

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.

[HeRetiK]

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.

[wantjokull]

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.

[styca]

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.

[mobnepal]

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.

[just_Alice]

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.

[The Sceptical Chymist]

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.

[The Sceptical Chymist]

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.

[One Man Band]

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.

[mclone]

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.

[gedor]

I agree with you, we need new applications from all kind of businesses using blockchain tech instead of meaningless ico projects.