I attend a worldwide unicycling convention every other year with thousands of attendees and millions of people have seen unicyclists. I wouldn’t call it mainstream.
Ethereum is still in the “garage band” phase. It (and BitCoin) had some commodity speculators jump in to make a quick buck and generate headlines. But other than that there’s a few thousand enthusiasts and the people they’ve managed to get interested, and little clear idea of where/how to build from there. For basically every blockchain use case the non-decentralized versions are at least an order of magnitude faster and simpler for the end user to understand. Unfortunately “It’s more secure” has never been a huge selling point in tech.
For a data carrying Blockchain? Ethereum doesn’t have any real competitors. But a serious contender for what?
Blockchain as a database is a solution looking for a problem. Most of the problems it solves other than decentralization are internal. Changing the format of the database to blockchain doesn’t get rid of existing problems with validation, it just abstracts them one more step. A contract isn’t worth the paper it’s printed on if there aren’t external systems ensuring it’s enforced. Calling that ‘paper’ a ‘smart contract’ doesn’t change that.
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You have thousands of people running nodes and millions of people already having done at least one transaction, what’s your threshold then?
I attend a worldwide unicycling convention every other year with thousands of attendees and millions of people have seen unicyclists. I wouldn’t call it mainstream.
Ethereum is still in the “garage band” phase. It (and BitCoin) had some commodity speculators jump in to make a quick buck and generate headlines. But other than that there’s a few thousand enthusiasts and the people they’ve managed to get interested, and little clear idea of where/how to build from there. For basically every blockchain use case the non-decentralized versions are at least an order of magnitude faster and simpler for the end user to understand. Unfortunately “It’s more secure” has never been a huge selling point in tech.
My question was not rhetorical. What is your threshold to consider Ethereum a serious contender? What milestone should be reached?
For a data carrying Blockchain? Ethereum doesn’t have any real competitors. But a serious contender for what?
Blockchain as a database is a solution looking for a problem. Most of the problems it solves other than decentralization are internal. Changing the format of the database to blockchain doesn’t get rid of existing problems with validation, it just abstracts them one more step. A contract isn’t worth the paper it’s printed on if there aren’t external systems ensuring it’s enforced. Calling that ‘paper’ a ‘smart contract’ doesn’t change that.