software tools to build on the blockchain, the dApps using those tools, and a whole ecosystem of dApps that interoperate. Three years is literally no time in terms of software development on this scale.
Where was Linux after 3 years of development? It was released in September 1991. I started using Slackware in 1999, and I can tell you Ergo's development and user experience is light years of Linux then, after eight years of development.
So, the problem with the Ergo chain is your expectations. It's going to take time. If you're experiencing FOMO, go and find some chain you find promising. You don't have to use Ergo.
But, before you go, let me offer a word of caution. The thing people don't understand about crypto is that software has a lifecycle. When's the last time you used WordStar, WordPerfect, or Applix? How about Netscape or Microsoft Explorer? When's the last time you logged into AOL or Compuserve? Don't you think this pattern is going to repeat in crypto?
Here's a trajectory to think about. In 1995, WordPerfect had 50% market share of the document processing market. Within a decade, it was below 1%. Who's the WordPerfect of crypto?
It goes the other direction too. When WordPerfect was big in the 1990s, everyone thought Apple was dead. It's not dead now.
The more interesting question people should be asking themselves is not which chain is going to moon this bull market, which seems to be the framework you are using. I'm thinking about a different question: which chain is going to be around in ten years? Who's WordPerfect? Who's Apple? Who's Linux? Ergo looks more like Apple and Linux to me. But, maybe it looks like WordPerfect to you. We all can look at the same set of facts and come to very different conclusions.
Speaking of facts, here's a couple to think on: When were the following released on Ergo?
The SDK for Javascript ?
The Ergoscript examples and playground?
The Rust interpreter for nodes?
The JDE?
The Oracle core?
I'll save you trouble. Most of them were released this year.
As mentioned above, blockchains and their ecosystems aren't created overnight. You have to build nodes. For proof of work, you have to create mining software because your algorithm isn't supported by standard mining software. You have to develop software development kits, development environments, documentation for the smart contract programs, wallets, etc.
Meanwhile, you have to keep your eye on how the chain is actually used, such as the current discussion about changing emissions, bearwhales, people attacking nodes and God knows what else.
Once that infrastructure is in place, then you have to build the dApps, and all the infrastructure that goes along with it, such as a connector that makes it so wallets can actually use the dApp, and you spend months making that instead of working on your dApp.
All the while, there will be a subset of users whining about price, marketing, mining returns or whatever. There will be others demanding explanations because they cannot be bothered to look shit up themselves or because they are wondering why this chain isn't as popular as the chain of the week.
Hopefully, you develop a community of, I don't know, people like me, that will answer questions like this so you, as a developer, can spend your time building useful capabilities and programs. I'd wager that chains that do that are more likely to be Linux than WordPerfect.
Take it to the @ERGTechnicalAnalysis please
Please keep discussions in the relevant telegrams @Ergo_Mining | Mining
Very well said! Crypto has warped people's expectations of how the real world works, it's going to leave then with nothing but disappointment in real life.
Wish I could up vote this. Thanks 😊
Nice!
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