6) Proof-of-stake, sharding, payment channels, plasma are all highly experimental technologies. Anyone expecting these to suddenly in the near future allow for orders of magnitude improvements on scalability is out of their mind. Scaling will be a slow process.
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7) But this was to be expected. These constraints have been known for a long time and a lot of smart people are working on this problem. In the short term, I would look for specific products which don't require high scalability to deliver a basic use-case.
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8) One area where I think there are a few use-cases like this is financial tools: Derivatives -
@dydxprotocol Decentralised exchange -@0xProject Stablecoins/loans -@MakerDAO These are all examples of things that don't inherently *require* scalability to function.14 replies 26 retweets 266 likesShow this thread -
9) Another area is development tools. The tooling in this industry is still in the stone age and there are plenty of opportunities to build helpful things which can capture immense amounts of usage from the people experimenting with these technologies.
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10) Examples of projects like this are: Smart contract upgradeability -
@zeppelin_os Decentralised github -@oscoin Governance & Upgradeability -@AragonProject These again will only ultimately be successful if blockchains scale, but also serve the experimentation period.2 replies 19 retweets 150 likesShow this thread -
10) It may seem strange to invest in things that still rely on scalability working out to be successful, but that's what is available right now. Trading and building are two things that people are *actually* doing right now.
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11) So how should one think about this market? The same way one thinks about any highly speculative investments. Crypto is a big experiment and will hopefully "work" in the long run, but the road to get there is far from clear. These are venture investments.
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12) I would be wary of projects declaring that they will build highly scalable platforms of any kind (computation/payments/etc) unless they are planning to significantly compromise on decentralisation. In which case, I would also be wary because AWS scales pretty darn well.
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13) Having said that, someone building a scalable something will probably succeed, but it will be extremely hard to identify which project will achieve this.
@ethereum has some of the best minds in the industry and if they are struggling, so will everyone else (I think).7 replies 6 retweets 74 likesShow this thread -
13) Investors need to understand the risk they are taking. There are no safe crypto investments, period. Every investment, even Ethereum and Bitcoin, is at most equivalent to Series A-C and most are pre-seed at best... Be careful and play the long game.
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Amazed you've not mentioned @KomodoPlatform.
- delayed proof of work counters 51% attacks. Tech is being adopted (see @gamecredits)
- ranked top 5 by China's ministry
- working DEX
- over 100K atomic swaps inc $btc to ERC20
Have you not heard about us?
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