What are my thoughts on EThereum?
In this video I discuss how I view this going forward. There is always the network side of things in addition to the market.
▶️ 3Speak
My Thoughts On Ethereum
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Nice Web3 video Taskmaster, I have a question though, do you think that ethereum would on day build a web3 social platform like Hive if they realize the potential of Hive?
Would you pay $5 to leave a comment? Or to give an upvote?
The fees deter social media on Ethereum, at least writing to the main chain. I guess it could incorporate layer 2 ETH tokens and just have the content on a server like other social meda.
That's a pretty deep question 😂😂😂😂
i agree.....
So to answer 😂🤔🤔🤔 I think I'll stick to Hive😂😂😂😂 and everything Taskmaster does, just follow suite
I am not saying someone might not figure out a way to do it. However, so far, if there are direct fees per transaction, I fail to see how it could be done.
Tokens in the background could work. But they would have to model what Hive has to some degree.
Your Taskmaster, now that you explain, I'm even starting to think I asked I pretty funny dumb question on account of how Ethereum works today.... I didn't consider that enormous fee of transaction part... Perhaps they could do that some day but I believe Hive has one up app all the Blockchains when it comes to social Media merging
!HUG
I sent 1.0 HUG on behalf of @theringmaster.
(1/3)
And oh, I'm not paying 5 dollars to leave a comment 😂😂😂
I don't usually look at the ETH outside of its level 2 and games. I am not a fan of their high fees. So hearing your thoughts on ETH was really helpful in getting more information and understanding of it.
Every platform has a niche.
The niche of EVM is creating a connected incubation system for startups.
EVM does this quite well and it's been cloned and forked a hundred times over thus far.
Any dev that can program on ETH can program on any EVM chain.
That's pretty powerful.
Any startup that outgrows the network it's built on will just create their own EVM network.
It's not a bad system it's just a bit clunky.
Yeah. The forks offer potential. In terms of market cap, I am not sure they eclipse the original which is more of a money play by big entities in my view.
Some of the forks can offer utility, especially in the financial arena.
It is interesting how the forks can get lower fees while the main chain is very expensive.
What causes that? Do the devs set a lower price from the start and just have it operating from that premise?
Well I haven't looked up what "rollups" are but I'm told it's a scaling solution.
Also chains like BSC are more centralized on the node side and have less usage so they're just naturally cheaper.
Thanks. That makes a lot of sense.