sean
@swabbie.eth
whoa https://twitter.com/DefiIgnas/status/1680921857271398400
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Cameron Armstrong
@cameron
I still need to dive into exactly what is technically happening, but if you need to keep abstracting away the crypto layers of your app I don’t think I understand the point of you building it onchain? Or at least the way you’re putting it onchain? Feels like an architecture redesign makes more sense but idk
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sean
@swabbie.eth
I agree. To be fair to them, it sounds kinda like FC hubs, so they aren’t alone. In either case, I don’t think the non-blockchain networks will last long term anyway, because the economics will eventually force them to centralize, federate, or go to blockchains with built in hosting compensation mechanisms
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Dan Romero
@dwr.eth
Very different design than Hubs. If the corporate funding for Lens stops, network shuts down tomorrow. Apps integrated with Hubs work today if Warpcast goes down. Happened a week or so ago.
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sean
@swabbie.eth
I wasn’t referring to Warpcast. Someone pays to host FC hubs. Unlike a blockchain, hubs doesn’t have a built in hosting compensation mechanism, so it will need to be externally managed when not subsidized They also don’t offer the composability of turing complete blockchains, which limits organic feature growth
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Dan Romero
@dwr.eth
There is no built in compensation mechanism for Ethereum nodes
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sean
@swabbie.eth
Ether.
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Dan Romero
@dwr.eth
Coinbase never got paid Ether for running a node. Alchemy doesn't get paid Ether for running a node.
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Ayush
@ayushm.eth
not for the nodes though, only for validators
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