polynya
@polynya
Current non-spam demand for blockspace is probably 1% of the available supply across all L1s and L2s, yet the crypto world is still obsessed with L1s and L2s. Why is there not a massive push towards applications to fill said blockspace? Please make me understand why I'm wrong and what I'm missing?
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Sean Wince 🎩
@seanwince
There are lots of apps - all the ones that got activity in the last cycle, plus all the new ones that have been built in the last 2 years. It's just that hardly anyone is using them because, you know, bear market...
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nicholas 🧨
@nicholas
i’m working on apps 🤷
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will
@w
i think most people are just responding to the incentives re what the market appears to be valuing today. Plus imo there is no "business model playbook" for apps today, whereas it comes baked into the L1s and is "just a matter of marketing"
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bohdan
@jaraxxus
it’s a lot easier for app to raise some money. but big money is given to blockchains tho
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Mac Budkowski ᵏ
@macbudkowski
IMO because L1s & L2s are like big public companies. You can check their Coinmarketcap, TVL & all other data. And these numbers are big, and people like big numbers. Also, there's a bias that "when there's goldrush, sell picks & shovels" is a low-risk strategy. Which - looking at zombie chains - doesn't seem so.
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androidsixteen
@androidsixteen.eth
I think you've been answering this question well in your articles. Crypto-apps are only better in the realms of: - identity - money We're using an app that is showcasing the first, and apps for the second have PMF (the future is here, it's just unevenly distributed...)
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gr3g
@tulipe.eth
Is 95% spam for onchain txs?
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almostthere
@almostthere
Blockchains need to scale by millions of times to support mainstream apps. If you build something successful now, your app will saturate all capacity by itself. Example for a simple use case: http://highscalability.com/blog/2016/11/14/how-urban-airship-scaled-to-25-billion-notifications-during.html
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