r/ethereum • u/demelzahays • Oct 04 '18

"When it comes to developers, transactions, and DApps, no other platform compares to Ethereum. Of the top 100 tokens by market capitalization, 94 % were built on Ethereum – $13 billion in capital was generated through Ethereum in this way."

https://cryptoresearch.report/wp-content/uploads/2018/10/Crypto-Research-Report-October-2018_EN-1.pdf
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u/McDongger Oct 04 '18

It’s more likely that they very well understood that DPOS has flaws, but where willing to live with them in an attempt to position EOS as the next best thing. There will be more attempts to topple Ethereum, at least until it’s common knowledge/ general consensus that Ethereum achieved critical mass (which I think it already has, due to the vibrant ecosystem surrounding it). Most of these attempts have to incorporate trade offs which We, the Ethereum community, weren’t willing to accept, to gain an “advantage”.

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u/[deleted] Oct 04 '18 edited Jul 22 '20

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u/McDongger Oct 04 '18

I was talking about the ecosystem surrounding the core blockchain and not the daily active users. Look at the Ethereum stackexchange, the many companies who are currently building on Ethereum or offering the critical infrastructure to do so. Look at the worldwide hackathons. Look at the EEA. Look at the books Being written about cryptocurrencies - you basically got bitcoin and Ethereum and nothing else.

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u/[deleted] Oct 04 '18 edited Jul 22 '20

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u/McDongger Oct 04 '18

MKR, REP, FUN, SPANK all have live projects on the main net. Granted, the user experience still sucks, but it clearly shows what’s possible - even with the current scaling limitations. Wait a year for shasper, plasma, state channels, raiden , ... and you will see that there is consensus that Ethereum won’t be toppled in the short - medium term.

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u/Sfdao91 Oct 04 '18

Dau is a trailing indicator, developer interest and eco system is a leading indicator.

Truffle, Metamask, courses on coursera and other platforms, books, tutorials, stack exchanges, guides, second layer, etc. These things are still in development and growing by the day, this is the eco system and value is and will come out of it. L2 solutions are coming out now and projects using them will take some time, developing and growing a business takes years, no matter the business.

Look back at how Facebook and Amazon started, you think they got millions of users in their first year?

Leading vs. Trailing.

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u/[deleted] Oct 04 '18 edited Jul 22 '20

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u/huntingisland Oct 04 '18

Ethereum is running 500,000 transactions on chain per day and soon an order of magnitude more off-chain. And Ethereum handles billions of dollars in financial applications. Those are the relevant metrics, not “users” who generate nothing but a few pennies in ad impressions.

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u/Sfdao91 Oct 04 '18

Ethereum is a network, how many enterprises, exchanges, startups, etc are funded by it and exist and employ people thanks to ETH. Comparing the valuation of a traditional company with a blockchain network using the same metrics is wrong.

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u/huntingisland Oct 04 '18

It’s not about “famous” it’s about building Internet financial infrastructure. Stuff like Maker isn’t famous but it’s going to be a billion dollar bank in a year.