- #Ethereum code school CryptoZombies trained 208k+ users and is growing by 30k+/mo
- Truffle has 580k dls, up 56% last 3 mo
- MetaMask has >1m users
- GitHub lists 14k $ETH-based repos and 220k commits
- 1500+ dapps are in dev
/1
- ETH does more tx and active addresses than BTC
- No, batching doesn't make up the dif in tx
- Of the top 100 tokens by MC, 94% are built on Ethereum
- EEA boasts 500+ members
- Brazil, Canada, Zug, Chile, Dubai, and Estonia are experimenting w/ government apps on Ethereum
/2
On the topic of daily act addr (DAA):
Value transfer is a use case and those *transacting value daily* are DAUs you morons.
Fundraising with $ETH = MOE.
By DAA, Ethereum has as many or more users than BTC.
/3
So you mean ppl are using ETH for more than just fuel?
Yes!
ETH is not *just* a compute payment token -- it's also a cryptocurrency!
It has the same fundamental properties as BTC but scores differently based on one's subjective scoring of them.
/4
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Now, how does your coin look across the above?
Don't give me "feels" or appeal to dead economists or quote the entire MC of all money as if that's your fucking TAM. Don't use adjectives like "sound" or "hard" or "2.0" or "Chinese X".
Give me facts. Give me observed data!
/5
Ethereum is *only* 3 yrs old! It's still in early dev. All blockchains are.
Most dapps haven't even launched.
Criticizing DAUs today, particularly using your harebrained definition of a user, is like complaining about the # of web users *before* the Internet was built.
/6
Until Ethereum's L1+L2 stack is even mature enough to actually support millions of DAUs, screen-shotting DappRadar and triumphing over it like an erection is just more repetitive squawking in the shit-filled parrot sanctuary that is #crypto twitter.
/7
Here's a thought:
👏# of devs is a proxy for future DAUs 👏
/8
So the next time someone squawks about DAUs, feel free to link this thread.
The Internet of Value won't be built in 3 years. Come back in another 3-5 and let's see if those who #buidl rather than just #hodl and shitpost manage to pull off the impossible.
1/ Hey #CryptoTwitter, grab a glass of vino and come sit by the fire so we can discuss your narrow-minded views on FAT PROTOCOL THEORY.
See what I did there -- how I juxtaposed "narrow" with "fat"?
No?
Just shut up and drink your wine. 👇
2/ First, let's acknowledge it as a "theory" even though it wasn't clearly labelled as such.
A theory is just a plausible principle offered to explain phenomena.
3/ In Joel's case -- @jmonegro penned the original theory -- he was observing the phenomena that #Bitcoin and #Ethereum both had market caps that far exceeded the value of applications built on top of either protocol.
- Crypto has rekindled the debate about whether advances in IT can render central banks obsolete
- Author: "To fend off potential competitive pressure from crypto assets, central banks must continue to carry out effective monetary policies"
Whaaat!?
3/ Current state:
- For now, crypto assets are too volatile and risky to pose a threat to fiat
- And they do not enjoy the same degree of trust that citizens have in fiat
- However, continued innovation and longer track records may reduce volatility and boost adoption
1. Most usage for all crypto today is value tx due to speculation. Same for $BTC as for $ETH. 2. Value tx is a use case! Expecting early SC platforms w/out mature dapps to have dapp users is like asking why LN isn't being used yet for payments?
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3. On-chain tx vol has dropped likely b/c of chilled ICO environment (+ market crash). Can't ignore the broader market contexts. 4. "Next few months" are likely meaningless in terms of competition. New chains need to launch, attract devs, launch apps, etc. Next 12+ months maybe?
5. Indeed, capital raise as a use case will see swifter competition but network effects, security, trust, token standardization, liquidity (fiat pairs) are still barriers that may not be easily overcome.
I. No lying. No user of this blockchain shall make knowingly false or misleading statements, nor statements that constitute discrimination or harassment, nor profit thereby.
If you lie about your age anywhere ever you will be in violation.