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So as a result, all flashy new chains incorporate Solidity/EVM because they know this. So, they are pretty much side chains for Ethereum, like Matic, BSC or xDai. They might be more secure, but its not by much. What they are really good is at marketing, at promoting themselves, hence the market caps

Blockchain programming is a scary thing, one bug and your entire company is bankrupt and your reputation is destroyed. Solidity and the EVM is where there is more safety because of old programs that were already coded that were tested by time, you can just reuse a lot of that stuff. So when a...

I think it is winner take all because the network with the network effects will scale more easily (ETH Sharding+L2s is similar to DOT Parachains, but a lot more developers/community will be behind it), will be more secure, will get more developers, etc, etc. Internet protocols tend to be winner...

Today I dumped all of my Polkadot and will dump the rest of my ADA by the end of tomorrow. Half of this is going to fiat (pure fiat, not stablecoins) and half into ETH. I think this game of picking the 2nd best platform chain is a tough one that requires a lot of expertise, I dont think the...

The way these other protocols incorporate Solidity is by porting the EVM, effectively, github forking Ethereum source code. They are just glorified sidechains or testnets as I call them

I learned how to program back in 1999, since then I learned several programming languages. It was one of those things that once you learn one, you can learn a bunch of other ones because they are similar enough that all it takes is effort. That made programming languages a matter of preference...

A similar chart can be made about things that are called "bubbles" by mainstream economists. One of the most bullish things for an asset/stock/tech is for it to be denounced by Paul Krugman

Ethereum and Solana debate. Surprisingly they raised the same points as I did, so it looks like I was onto something

https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-reports-financial-results-q2-2021 Behind the mainstream narrative that Gamestop is a meme stock that has little to no value is a brutal truth: Gamestop is now a growing tech company that trades at 2 times sales. It has a...

Even if one were to assume that only 10% of the ETH1 unique addresses actually represent unique people. We are still talking about something with magnitude more levels of halt power than Solana or Cardano. Its like comparing Microsoft Office vs Open Office

On ETH 2, if I understand the theory correctly, you would need 33% of the validators, which would come out at 75570 halt power. However, lots of retail investors stake through exchanges and that leads to concentration of validators in the hands of a few players. So the halt power would be lower...

Interesting figure this "halt power"

Solana has around 1,000 right now. Polygon seems to be around 100, BSC 21 and xDai 19 What is remarkable is that Ethereum has one of the most expensive Validators possible (32ETH, which is over $100,000) and yet it has the most support. Launching things on Ethereum is playing at the pro level...

One of the things I dont like about Solana is that it is heavily owned by VCs https://www.crunchbase.com/organization/solana-io/company_financials And it has very high validator hardware requirements (128GB RAM+, plus very high hard drive requirements) Their theory is that 'Moore's law and...

If someone had to create an NFT or token and gas fees were an issue, they could easily do it on BSC/Polygon/xDai and then say 'when Ethereum merges to PoS and fees drop, we will move over to mainnet but right now, we can get functionality and low fees'. In fact, depending on the project, I think...

I forgot to mention, Ethereum also has PoS testnets, attacking those probably wouldn't be that easy. So, they are quite similar to these other protocols. They dont have premium services (the people running the PoS might get pissed if everyone started to use all their hard drive space and stuff)...

I dont think anyone is actually thinking that these are premium testnets (except me and maybe some other people) but I bet most people feel that issuing an NFT or token on Ethereum is like playing at Wimbledon, issuing on BSC/Polygon/xDai and maybe SOL is like playing tennis at the amateur level...

BSC, Polygon and xDai also help to support the Ethereum monopoly because the same exact solidity code that works on Ethereum works on those chains (and I deployed the same NFT on Polygon, xDai and Ethereum Ropsten today). So they pretty much work like premium testnets, they further help solidify...

I was playing around with simple Ethereum smart contract creation and NFTs on Ropsten (Ethereum testnet) and I started to wonder what is the difference between Ropsten and BSC/Polygon/XDai. They look all awfully similar, they are all 'forks' of Ethereum. Transactions are basically free on...