How Ethereum Classic dapps will put Ethereum dapps out of business

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Quote from: SmirkinPepe on August 22, 2016, 04:56:52 AM

The list of applications on dapps.ethercasts.com is underwhelming to say the least. Gambling, pyramid contracts, apps that other coins already did, better and more safely, some more gambling...
Online gambling has been solved like 20 years ago though... the majority of losing (-EV) gamblers are happy to pay a ~1% cut, they lose money anyhow.
Why would the fish (losing players) go through the trouble of moving to an ETH platform? They can barely start the computer most of the time... They go to pokerstars, 888, etc, because they saw it on tv.
Now, someone will say that ETH will be the technological backbone for these gambling companies and players won't really notice... I ask them, for the big gambling companies, what upside is there to decentralizing their backend? None, they want to retain full control. They will use a nice SQL database and proprietary software. After the DAO and hard fork debacles, they also know that not even the immutability of the ledger is save, the only property of a blockchain that might appeal to some serious company somewhere (besides maybe full anonymity)...

I wonder what you think about the bitcoin gambling industry. Does your statement apply to the bitcoin casinos and sportsbooks too? I ask because I am also wondering why there is not much traffic in them.

dinofelis

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Quote from: SmirkinPepe on August 22, 2016, 04:56:52 AM

The list of applications on dapps.ethercasts.com is underwhelming to say the least. Gambling, pyramid contracts, apps that other coins already did, better and more safely, some more gambling...
Online gambling has been solved like 20 years ago though... the majority of losing (-EV) gamblers are happy to pay a ~1% cut, they lose money anyhow.
Why would the fish (losing players) go through the trouble of moving to an ETH platform? They can barely start the computer most of the time... They go to pokerstars, 888, etc, because they saw it on tv.
Now, someone will say that ETH will be the technological backbone for these gambling companies and players won't really notice... I ask them, for the big gambling companies, what upside is there to decentralizing their backend? None, they want to retain full control. They will use a nice SQL database and proprietary software. After the DAO and hard fork debacles, they also know that not even the immutability of the ledger is save, the only property of a blockchain that might appeal to some serious company somewhere (besides maybe full anonymity)...

Amen.

SmirkinPepe

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The list of applications on dapps.ethercasts.com is underwhelming to say the least. Gambling, pyramid contracts, apps that other coins already did, better and more safely, some more gambling...
Online gambling has been solved like 20 years ago though... the majority of losing (-EV) gamblers are happy to pay a ~1% cut, they lose money anyhow.
Why would the fish (losing players) go through the trouble of moving to an ETH platform? They can barely start the computer most of the time... They go to pokerstars, 888, etc, because they saw it on tv.
Now, someone will say that ETH will be the technological backbone for these gambling companies and players won't really notice... I ask them, for the big gambling companies, what upside is there to decentralizing their backend? None, they want to retain full control. They will use a nice SQL database and proprietary software. After the DAO and hard fork debacles, they also know that not even the immutability of the ledger is save, the only property of a blockchain that might appeal to some serious company somewhere (besides maybe full anonymity)...

dinofelis

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Quote from: mybitcoin101 on August 05, 2016, 09:33:43 AM

Quote from: dinofelis on August 04, 2016, 12:56:16 AM

Honestly, what applications ?

are you trying to be a passive aggressive fudder?

If not and truly want to know, the answer is all the dapps are.

Hadn't seen this. Of ETC and ETH, I'm a clear fan of ETC because it is still a block chain. But in my opinion, ETC/ETH face the same problem: apart from some ponzi applications, and some betting contracts, what applications can be done on such a dangerous platform ?

I didn't mean "what applications that would run on ETH would also run on ETC" but rather, "who is still going to do something serious on ethereum, no matter what version ?".

Ethereum is a wrong-headed concept, as the DAO illustrated (apart for little fun things like ponzi games and betting).

Truth101

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Quote from: Spoetnik on August 05, 2016, 09:41:28 AM

I don't think ETC is putting any ETH app's out of business.
Cloning Ethereum which is a FRAUD makes the clone a FRAUD.

Copy catting a scam does not make a scam legit ICO profiteers.

So much bad blood in this post. ETC is a very good thing for the crypto community. Choice is better than impunity IMHO

Spoetnik

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FUD Philanthropist™

I don't think ETC is putting any ETH app's out of business.
Cloning Ethereum which is a FRAUD makes the clone a FRAUD.

Copy catting a scam does not make a scam legit ICO profiteers.

mybitcoin101

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Quote from: dinofelis on August 04, 2016, 12:56:16 AM

Honestly, what applications ?

are you trying to be a passive aggressive fudder?

If not and truly want to know, the answer is all the dapps are.

You need to think like a business person with your own question. we r only 2 weeks into this and keep in mind that vitalik and company were not bright enough to realize that a large community was against the fork. They assumed everyone was just going to follow them and a lot did like pigs to a slaughter. They never expected classic to continue but guess what, here we are and growing everyday.

Now to your question...coders have been working on projects to put on the eth blockchain for a long time. a lot of time invested and they never saw classic coming also. Also keep in mind that the only answer to give if you are building a project on thr eth forked chain is that you will stay with the fork. They are stuck between a rock and a hard place. trust me when I say this, behind closed doors are where the tone changes.

The first step you will see are some projects publicly say they haven't ruled out classic . They will add that its possible to use on both.

as more and more projects start announcing this, the snowball effect will kick in.

stay tuned for an exciting time in cryptoland.

Azael

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Quote from: Herp on August 04, 2016, 11:03:02 PM

Quote from: Azael on August 03, 2016, 09:35:04 PM

Quote from: Herp on August 03, 2016, 09:15:01 PM

Quote from: bbc.reporter on August 03, 2016, 09:11:47 PM

Quote from: Azael on August 03, 2016, 01:25:56 AM

Parity is inevitable at some point since ETH and ETC are the same with one distinction which makes one better than the other depending on who you ask but fact remains we've essentially had a 'stock split' and the market will catch up at some point. The ETC market has been created by ETH holders who've sold their hedge.

ETC can and will fork any ETH developments this includes any useful DAPPS made on the ETH platform. The difference is that DAPPS on the ETH platform will do their ITOs to fund development and the forked DAPPS on the ETC platform will do their ITOs to fund a salesforce.

So at the stage your average ETH DAPP finishes development ETC has a much higher probability of reaping all the benefits due to being able to raise capital on the ETC platform and avoid spending it on a development process.

Sounds really weird it is fair game as long as it is open source which most projects in ETH is.

Why would the dapp developers and start ups build on the forked chain if that is the case? It would be better for them to build straight in the original chain. The users trust it more. I see that the original chain will be a problem for the Ethereum foundation that will not go away.

Thing is, most apps promised to use the forked chain, ETH not ETC. So I'm asking again, have any apps showed an interest in switching over to ETC?

It is in their best interest to 'promise to use the forked chain' as long as it is the dominant one. Should it change why from a business perspective should you stay on it or at least not support ETC chain as well?

Almost every DAPP on ETH is OS I actually don't know one that isn't. Anyone can fork any useful DAPP ETH makes to ETC. See my point?

Everyone can fork Bitcoin and start a new coin. It doesn't mean it will go places without a dev team and a community behind it. The fact those DAPPs are open source doesn't mean that much in itself.

Uhh yeah it kinda does man and I already told you why but whatever obviously the answers we give you are not adequate for you. You don't even dispute them you just repeat yourself. We get it man you hold a lot of ETH and if ETC doesn't have a DAPP equivalent to Microsoft tomorrow it's useless.

mybitcoin101

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Quote from: bbc.reporter on August 04, 2016, 08:55:35 PM

Quote from: Herp on August 04, 2016, 12:35:29 PM

Quote from: dinofelis on August 04, 2016, 12:56:16 AM

Honestly, what applications ?

I second that. There are none that jumped ship.

No one has but think about this situation. Let us say that the hash rate of the original chain is already at 50-50 with the forked chain and still gaining. Still the dapp makers in ETH are not yet jumping ship. But what if someone "copies" the ideas from the fork and continue them in the original? Like someone copying Augur and they call it Augur Classic or something with the same functionality and operating in the slightly winning chain.

Of course I am only speculating that it might happen.

Gnosis is still sticking with the forked eth. This can change with the very fluid back and forth taking place.

Classic needs some time to grow and I believe it will. At this time, projects will flip sides.

Herp

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Quote from: Azael on August 03, 2016, 09:35:04 PM

Quote from: Herp on August 03, 2016, 09:15:01 PM

Quote from: bbc.reporter on August 03, 2016, 09:11:47 PM

Quote from: Azael on August 03, 2016, 01:25:56 AM

Parity is inevitable at some point since ETH and ETC are the same with one distinction which makes one better than the other depending on who you ask but fact remains we've essentially had a 'stock split' and the market will catch up at some point. The ETC market has been created by ETH holders who've sold their hedge.

ETC can and will fork any ETH developments this includes any useful DAPPS made on the ETH platform. The difference is that DAPPS on the ETH platform will do their ITOs to fund development and the forked DAPPS on the ETC platform will do their ITOs to fund a salesforce.

So at the stage your average ETH DAPP finishes development ETC has a much higher probability of reaping all the benefits due to being able to raise capital on the ETC platform and avoid spending it on a development process.

Sounds really weird it is fair game as long as it is open source which most projects in ETH is.

Why would the dapp developers and start ups build on the forked chain if that is the case? It would be better for them to build straight in the original chain. The users trust it more. I see that the original chain will be a problem for the Ethereum foundation that will not go away.

Thing is, most apps promised to use the forked chain, ETH not ETC. So I'm asking again, have any apps showed an interest in switching over to ETC?

It is in their best interest to 'promise to use the forked chain' as long as it is the dominant one. Should it change why from a business perspective should you stay on it or at least not support ETC chain as well?

Almost every DAPP on ETH is OS I actually don't know one that isn't. Anyone can fork any useful DAPP ETH makes to ETC. See my point?

Everyone can fork Bitcoin and start a new coin. It doesn't mean it will go places without a dev team and a community behind it. The fact those DAPPs are open source doesn't mean that much in itself.

Azael

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Quote from: Herp on August 04, 2016, 12:35:29 PM

Quote from: dinofelis on August 04, 2016, 12:56:16 AM

Honestly, what applications ?

I second that. There are none that jumped ship.

Rightfully so. Anyway why so nervous?

bbc.reporter

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Quote from: Herp on August 04, 2016, 12:35:29 PM

Quote from: dinofelis on August 04, 2016, 12:56:16 AM

Honestly, what applications ?

I second that. There are none that jumped ship.

No one has but think about this situation. Let us say that the hash rate of the original chain is already at 50-50 with the forked chain and still gaining. Still the dapp makers in ETH are not yet jumping ship. But what if someone "copies" the ideas from the fork and continue them in the original? Like someone copying Augur and they call it Augur Classic or something with the same functionality and operating in the slightly winning chain.

Of course I am only speculating that it might happen.

Herp

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Quote from: dinofelis on August 04, 2016, 12:56:16 AM

Honestly, what applications ?

I second that. There are none that jumped ship.

dinofelis

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Honestly, what applications ?

bbc.reporter

legendary

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Quote from: Azael on August 03, 2016, 09:35:04 PM

Quote from: Herp on August 03, 2016, 09:15:01 PM

Quote from: bbc.reporter on August 03, 2016, 09:11:47 PM

Quote from: Azael on August 03, 2016, 01:25:56 AM

Parity is inevitable at some point since ETH and ETC are the same with one distinction which makes one better than the other depending on who you ask but fact remains we've essentially had a 'stock split' and the market will catch up at some point. The ETC market has been created by ETH holders who've sold their hedge.

ETC can and will fork any ETH developments this includes any useful DAPPS made on the ETH platform. The difference is that DAPPS on the ETH platform will do their ITOs to fund development and the forked DAPPS on the ETC platform will do their ITOs to fund a salesforce.

So at the stage your average ETH DAPP finishes development ETC has a much higher probability of reaping all the benefits due to being able to raise capital on the ETC platform and avoid spending it on a development process.

Sounds really weird it is fair game as long as it is open source which most projects in ETH is.

Why would the dapp developers and start ups build on the forked chain if that is the case? It would be better for them to build straight in the original chain. The users trust it more. I see that the original chain will be a problem for the Ethereum foundation that will not go away.

Thing is, most apps promised to use the forked chain, ETH not ETC. So I'm asking again, have any apps showed an interest in switching over to ETC?

It is in their best interest to 'promise to use the forked chain' as long as it is the dominant one. Should it change why from a business perspective should you stay on it or at least not support ETC chain as well?

Almost every DAPP on ETH is OS I actually don't know one that isn't. Anyone can fork any useful DAPP ETH makes to ETC. See my point?

Yes good point. Vitalik and the Ethereum foundation is already cornered. They have created their own biggest problem with the original Ethereum classic gaining traction with real support from the people. Some people are skeptical about ETC but they do not think of it 1 or 2 years from now.

Azael

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Quote from: Herp on August 03, 2016, 09:15:01 PM

Quote from: bbc.reporter on August 03, 2016, 09:11:47 PM

Quote from: Azael on August 03, 2016, 01:25:56 AM

Parity is inevitable at some point since ETH and ETC are the same with one distinction which makes one better than the other depending on who you ask but fact remains we've essentially had a 'stock split' and the market will catch up at some point. The ETC market has been created by ETH holders who've sold their hedge.

ETC can and will fork any ETH developments this includes any useful DAPPS made on the ETH platform. The difference is that DAPPS on the ETH platform will do their ITOs to fund development and the forked DAPPS on the ETC platform will do their ITOs to fund a salesforce.

So at the stage your average ETH DAPP finishes development ETC has a much higher probability of reaping all the benefits due to being able to raise capital on the ETC platform and avoid spending it on a development process.

Sounds really weird it is fair game as long as it is open source which most projects in ETH is.

Why would the dapp developers and start ups build on the forked chain if that is the case? It would be better for them to build straight in the original chain. The users trust it more. I see that the original chain will be a problem for the Ethereum foundation that will not go away.

Thing is, most apps promised to use the forked chain, ETH not ETC. So I'm asking again, have any apps showed an interest in switching over to ETC?

It is in their best interest to 'promise to use the forked chain' as long as it is the dominant one. Should it change why from a business perspective should you stay on it or at least not support ETC chain as well?

Almost every DAPP on ETH is OS I actually don't know one that isn't. Anyone can fork any useful DAPP ETH makes to ETC. See my point?

Azael

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Activity: 196

Merit: 100

Quote from: bbc.reporter on August 03, 2016, 09:11:47 PM

Quote from: Azael on August 03, 2016, 01:25:56 AM

Parity is inevitable at some point since ETH and ETC are the same with one distinction which makes one better than the other depending on who you ask but fact remains we've essentially had a 'stock split' and the market will catch up at some point. The ETC market has been created by ETH holders who've sold their hedge.

ETC can and will fork any ETH developments this includes any useful DAPPS made on the ETH platform. The difference is that DAPPS on the ETH platform will do their ITOs to fund development and the forked DAPPS on the ETC platform will do their ITOs to fund a salesforce.

So at the stage your average ETH DAPP finishes development ETC has a much higher probability of reaping all the benefits due to being able to raise capital on the ETC platform and avoid spending it on a development process.

Sounds really weird it is fair game as long as it is open source which most projects in ETH is.

Why would the dapp developers and start ups build on the forked chain if that is the case? It would be better for them to build straight in the original chain. The users trust it more. I see that the original chain will be a problem for the Ethereum foundation that will not go away.

Currently gas costs on ETC is one competitive advantage to ETH. And whether or not users and developers trust the ETH chain anymore is debatable. My point is that any crowdfunding on ETC platform can simply be for salesforce to compete with the same ETH dapp that has used all their funds on development. Anybody forking a dapp already existing in ETH and doing it on ETH will have a harder time crowdfunding anything hence there is easy business on ETC chain to be created.

Herp

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Quote from: bbc.reporter on August 03, 2016, 09:11:47 PM

Quote from: Azael on August 03, 2016, 01:25:56 AM

Parity is inevitable at some point since ETH and ETC are the same with one distinction which makes one better than the other depending on who you ask but fact remains we've essentially had a 'stock split' and the market will catch up at some point. The ETC market has been created by ETH holders who've sold their hedge.

ETC can and will fork any ETH developments this includes any useful DAPPS made on the ETH platform. The difference is that DAPPS on the ETH platform will do their ITOs to fund development and the forked DAPPS on the ETC platform will do their ITOs to fund a salesforce.

So at the stage your average ETH DAPP finishes development ETC has a much higher probability of reaping all the benefits due to being able to raise capital on the ETC platform and avoid spending it on a development process.

Sounds really weird it is fair game as long as it is open source which most projects in ETH is.

Why would the dapp developers and start ups build on the forked chain if that is the case? It would be better for them to build straight in the original chain. The users trust it more. I see that the original chain will be a problem for the Ethereum foundation that will not go away.

Thing is, most apps promised to use the forked chain, ETH not ETC. So I'm asking again, have any apps showed an interest in switching over to ETC?

bbc.reporter

legendary

Activity: 3122

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Quote from: Azael on August 03, 2016, 01:25:56 AM

Parity is inevitable at some point since ETH and ETC are the same with one distinction which makes one better than the other depending on who you ask but fact remains we've essentially had a 'stock split' and the market will catch up at some point. The ETC market has been created by ETH holders who've sold their hedge.

ETC can and will fork any ETH developments this includes any useful DAPPS made on the ETH platform. The difference is that DAPPS on the ETH platform will do their ITOs to fund development and the forked DAPPS on the ETC platform will do their ITOs to fund a salesforce.

So at the stage your average ETH DAPP finishes development ETC has a much higher probability of reaping all the benefits due to being able to raise capital on the ETC platform and avoid spending it on a development process.

Sounds really weird it is fair game as long as it is open source which most projects in ETH is.

Why would the dapp developers and start ups build on the forked chain if that is the case? It would be better for them to build straight in the original chain. The users trust it more. I see that the original chain will be a problem for the Ethereum foundation that will not go away.

Herp

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Activity: 294

Merit: 250

Have any ETH projects switched to Classic yet, any important known ones that is?

Topic: How Ethereum Classic dapps will put Ethereum dapps out of business (Read 2468 times)