The term dapp on Ethereum should die Thread
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1/ Smart contracts on Ethereum aren’t dapps, they’re functions, subprograms, routines Dapp implies a holistic user experience, a UI. It’s a carryover term we stole from Web/Mobile (We added a “d” to the word app—how clever!)
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Smart contracts aren't "functions, subprograms, routines" either. They are contract-like, i.e. end-to-end apps typically with crucial off-chain components (UI, monitoring of obligation performance, data), as well as on-chain (trust-minimized conditional control of assets).
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I agree, although it seems the concept of a function seems rather ambiguous in the computing sense given the FaaS movement. What about something like “contractual functionals”? This captures the notion of of contract as well as composability.
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I don't see anything big wrong with calling it a function, subprogram, or routine, perhaps prefixed (e.g. "dFunction" or "trust-minimized function" or "blockchain function").
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"Smart contract" like "contract" connotes a deal between people, but a deal intermediated and incentivized by dynamic machine-interpreted rules instead of the statically recorded human-interpreted rules of a traditional contract.
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As such it encompasses the UI and any other off-chain activities necessary to verify and incentivize or automate performance of the deal.
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This is what I love about Nick. This statement reflects eclectic knowledge. Not understood by most smart-contract theorists!
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Hey Nick, why dont you form a team and create a smart contract framework for lightning so we can have it coded up and deployed. Im sick of etherium and alts trying to do what I know you can achieve given resources and bitcoin.
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I ordered a lightning node, just didn’t get it yet.
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So if you could.. what's the weakest components in the present iterations?
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