If your blockchain 3.0 project competes against ETH but doesn't have a way to beat ETH's developer traction you have massive execution risk. Scalability won't be enough. Neither will formal verification. Neither will onchain governance. Recruit developers not investors.
And thereby show others "what's possible", and encourage similar disintermediation. This is very interesting. My one question: where is the profit motive, and to who?
-
-
This was the question I asked myself when working at ConsenSys in 2015. The purchasers of the company will, without some significant side effects, lose money. But the dapp should beat its app competition because the dapp provides "extra" value to its users when compared to app...
-
...if the purchasers are the users, then they should net gain, yet, the incentives are tricky. It's an issue for some of my existing clients. We design these great mechanisms, but running a co-op is very different than using a service, and bootstrapping is non-trivial.
-
I agree with your points. In a very crude example, if we build a decentralized, disitermediating Uber or Airbnb, we destroy the 10-30% rent that the vampire middleman accrues today. Instead this rent would be split beween driver and consumer...
-
... My question is: What is the motivation of a developer / entrepreneur to build the decentealized Uber? How does she make money?
-
They are a true believer in the vision, and/or they take a car service everywhere. :)
-
But they make no money, right?
-
I would expect them to make a decent wage. That being said, I left ConsenSys and eventually started my own consultancy, since there didn't seem to be some huge upside for me.
-
Sorry I should have been more precise. The Uber dApp founder doesn’t make tens of millions+, right?
- 21 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.