There's been good conversation recently about the amount people *actually pay* to use blockchains, stripping out the inflation subsidy.
At @placeholdervc's annual meeting a few months back, we shared this graph to show #Ethereum's lead versus other smart contract platforms:
At @placeholdervc's annual meeting a few months back, we shared this graph to show #Ethereum's lead versus other smart contract platforms:
2/ Yes the data can be updated (I encourage someone to do it, @alexhevans is busy with other things 🙂), and notable smart contract chains like EOS are missing because their fee model is different (really a cost of capital fee). But the point stands...
3/ #Ethereum is orders of magnitude ahead of any of its competitors in terms of people willing to pay for its utility.
Speculation may buoy "Ethereum Killers" for a while, but for many it will eventually become clear the emperor has no clothes: placeholder.vc/blog/2019/10/2…
Speculation may buoy "Ethereum Killers" for a while, but for many it will eventually become clear the emperor has no clothes: placeholder.vc/blog/2019/10/2…
5/ While on this topic, is there a live site to track the different Fee Ratio Multiples (FRM) of top cryptonetworks? I know @coinmetrics has transaction fees, but I don't see FRM.
For the uninitiated, here's the seminal FRM article from @teo_leibowitz 💪: medium.com/coinmonks/intr…
For the uninitiated, here's the seminal FRM article from @teo_leibowitz 💪: medium.com/coinmonks/intr…
