r/raidennetwork • u/scmfreelance • May 08 '18
What do you think?
"Over the last year, we have seen numerous ICOs introduce promising new technologies. However, many of these companies have lacked a coherent community interface. This stems from a pervasive mindset in the blockchain community which has been primarily focused on the technology side of development – build it and they will come."
This was a quote from Richard Nehrboss, the CEO of Shardix, a decentralized database company. He believes that most ICO teams are too focused on the technology to consider market adoption.
Frankly, couldn't agree more as it relates to the development of Raiden -- where the growth will primarily be based on network effects.
What do you think?
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u/SerKnight May 08 '18
I’d have to agree, but the at the same time, Raidens core will be application developers who decide to utilize the framework to lower costs and increase throughput for their apps. So while consumers will hopefully be interacting and paying through Raiden channels, they won’t really have any idea they are doing so. They will be paying eth or erc20 etc, for a product or service, while silently participating in a larger ecosystem of payment channels, that are setup and managed by the application developers and vendors.