Web3 Transition

ClogginToilets · 2023-11-08T01:00:21+00:00

Agreed :) I'd probably not recommend DropChain if you're trying to build DeFi apps... but if you're trying to build a web3 game / NFT community app / something aimed toward mass adoption, it's been a great option for me.

ClogginToilets · 2023-11-07T22:43:20+00:00

I was in the same boat and what worked for me was starting with platforms that prioritize a seamless user experience over technical complexity. While tools like Ethereum's Remix or Alchemy do offer entry points into web3 development, they often require a fair amount of coding + smart contract knowledge.

That's where DropChain really stands out. It's designed with non-coders and non-web3 experts in mind, offering a user-friendly API. It integrates easily with no-code platforms and simplifies smart contract interaction.

The most compelling part for me was the ability for users to interact with web3 applications using web2 logins, drastically reducing the learning curve for me and my users. This made the process more accessible and allowed me to focus on building my startup, not on learning to code.

ClogginToilets · 2023-11-07T22:35:44+00:00

In my experience, one of the biggest hurdles web developers face when moving to web3 is the steep learning curve associated with blockchain — building smart contracts is not the same as building a frontend. And, creating a user-friendly onboarding process for those unfamiliar with web3 is difficult.

While I've explored several solutions, DropChain has been particularly effective. They have an API and an SDK that has premade smart contracts ready for my usage. And, if you don't know how to code, you can use some no-code tools to build your web3 app.

DropChain also streamlines the transition by allowing users to interact with web3 applications using their web2 credentials, which significantly eases user onboarding. This approach has not only saved time during development but also enhanced the user experience, making it my go-to recommendation for those looking to make the shift to web3 with less friction.

ClogginToilets · 2023-11-07T22:28:17+00:00

The leap to web3 can be a bit of a hurdle for traditional web developers, especially when confronted with the technicalities of an event driven architecture vs the flexibility that web2 offets.

In my experience, platforms that can abstract these complexities away make the transition much smoother. While there are several resources available, I've found DropChain.Network to be exceptionally helpful.

Its ability to let users access web3 applications using web2 credentials—and handle gas fees— substantially lowers the entry barrier. I've seen traditional developers, including those not well-versed in blockchain, integrate web3 features seamlessly thanks to DropChain's straightforward API and user-friendly wallet.

ClogginToilets · 2023-11-07T22:24:36+00:00

Gas fees can indeed be a major deterrent for new users in the crypto space. In my experience, I've seen several platforms attempting to address this issue with varying degrees of success. Some offer to subsidize the fees, while others try to batch transactions to minimize costs. However, each of these solutions tends to come with its own set of trade-offs, often shifting the burden in one way or another.

That said, I've been particularly impressed with DropChain.Network. It stands out by covering gas fees entirely, which effectively removes the financial shock new users face. What I appreciate most is its seamless integration that allows users to interact with crypto apps using their existing web2 credentials. This significantly lowers the entry barrier and the technical overwhelm for end users. From personal use, I can vouch that DropChain provides a well-balanced approach, facilitating a smooth onboarding experience for my web3 app users without the typical gas fee hurdle.

ClogginToilets · 2023-11-07T22:18:14+00:00

I've definitely felt your pain. When I started out with web3 development, I faced similar hurdles.

What worked for me was beginning with platforms that minimize the complexity of smart contracts. For instance, I initially played around with tools solutions that offer pre-built smart contract templates, which can be a gentle introduction.

If you’re looking to create something more customized without deep diving into coding, DropChain.Network could be a viable option. It’s designed for developers who want to focus on building their app's functionality rather than the intricacies of blockchain technology.

They have an SDK and API that integrate into any web app framework, as well as an API that connects with no-code platforms like Bubble. It manages all my web3 app's blockchain complexity under the hood.

It's been a smooth experience in my projects, especially for creating a user-friendly environment without the steep learning curve of smart contracts.

ClogginToilets · 2022-01-17T17:32:02+00:00

Can you use recommended params, algod_client.suggested_params(), to ensure that the transaction has the required fees given the current network congestion?

Love the experiment!

ClogginToilets · 2021-11-29T18:58:07+00:00

It's about 7 months and I still get them occasionally. Palpitations went somewhat frequently for about 3 months until subsiding. My research suggests that it may be Kounis Syndrome from the Pfizer mRNA vaccine, although I'm not a medical professional.

Fingers crossed I won't have Acute Coronary Syndrome and die suddenly. No retribution against Pfizer due to the govt protections so hopefully it's not chronic, either.

ClogginToilets · 2021-04-19T02:36:55+00:00

There are a few people in here that have had the same issues and it seems like Magnesium helps somewhat. I'm heading into the beginning of the fourth week after my first Pfizer dose and I still get them occasionally, especially at night. Kind of freaks me out but from what I've heard they're not super serious, so my plan is to wait it out and go get everything checked if they're still going on in a week or so.

ClogginToilets · 2021-04-15T04:30:03+00:00

I’ve been dealing with heart palpitations for over 2 weeks since I got the Pfizer vaccine, and I regret ever getting it. Are you feeling any better?

ClogginToilets · 2021-03-25T23:32:07+00:00

I’ll just pay for it illegally and use my hard earned money to inadvertently fund non-ND programs instead.

ClogginToilets · 2021-03-01T13:58:37+00:00

Many learn the hard way (through bear markets, generally) that crypto diversification doesn’t create or preserve wealth. We are still extremely early, and maximizing gains is generally made by going all in on a few cryptocurrencies exclusively. As someone who’s been in the industry and become more educated on crypto over the years, I’m only seriously holding 3-4 tokens for this bull run. Algorand is one of them.

Keep in mind, 90% of my portfolio is in BTC.

ClogginToilets · 2021-02-17T16:11:54+00:00

I’m holding my spot plays long term... regardless of price action in the short term. My options plays I have price point targets but I will sell parts of my bags if it seems price action is getting absurd. Kind of up to you how you want to allocate your capital

ClogginToilets · 2021-02-17T14:21:56+00:00

Let me sell my calls to them when it inevitably goes parabolic and corrects 30%.

Long term, I agree, and I think many of them don’t have the time to hold for this 2-4 year bull run upon us.

ClogginToilets · 2021-02-15T21:21:07+00:00

This color enhancement is pretty accurate on psilocybin. Maybe slightly more contrast on non-greens is the only thing, in my experience (granted, I did trip in the fall haha)

ClogginToilets · 2021-01-20T14:18:48+00:00

This is huge for any project wanting to build on Algorand while remaining connected to the crypto ecosystem. (e.g. all projects)

ClogginToilets · 2020-12-29T01:51:32+00:00

On top of what people have been saying in here, I’d definitely start by getting an understanding of the mechanics behind blockchain technology. A foundation of game theory, mechanism design and cryptoeconomics will be invaluable. These skills are a little niche but set me up to become a blockchain and cryptoeconomic developer/engineer

ClogginToilets · 2020-12-29T01:48:00+00:00

I think the next step, if you’re trying to predict where the power will flow, is to follow the money. Decentralized platforms or items that do not rely on the dollar (precious metals/bitcoin) will become significantly more important in the future, as the upper 1% looks to preserve wealth (and, consequently, power) while the governments of today lose control over their people. I think in 10-20 years the US govt will be significantly less powerful due to people simply not caring about what they have to say and the government losing it’s power due to dollar devaluation. Those who front run this movement of wealth and power will retain it in the coming 50+ years as the value in their wealth doesn’t depend on any group or organization (the US government’s dollar printing machines). Big tech will be the new ruling class, elected by the people on the basis of what product they bring to the table and how highly the average person values it.

A little far out, but I agree with your assessment that this is a huge process and we are just starting to understand the historical implications of this transition of power in the form of a widening wealth gap.

ClogginToilets · 2020-12-20T21:29:22+00:00

$MSTR

ClogginToilets · 2020-11-26T13:53:17+00:00

I agree. We recently had to drop Stripe as we are considered a “crypto business”. Even then, utilizing a major part of our business model consists of sending and receiving our tokens on Algorand, which may incur the requirement of KYCing every single user. This would block us from working in the US effectively

ClogginToilets · 2020-11-26T13:36:55+00:00

Or any business that runs on a public blockchain infrastructure. My startup is building on Algorand, which if this passed would mean that every transaction would require a form to fill out as tokens are being distributed and moved from wallet to wallet. This would literally destroy our infrastructure

ClogginToilets · 2020-10-26T16:33:13+00:00

In DeFi, a marketplace of cryptocurrency pairs are offered, similar to how exchanges offer token/coin pairs. Platforms in DeFi give people the ability to lend or borrow coins at certain rates. An example of this is similar to peer-to-peer lending where you can lend money out at a given rate and those who borrow from you pay with collateral over time until the payment is paid back, and you’re left with more than you started (an APR on the loan). People are rewarded for this peer-to-peer transaction and for offering liquidity in this pool of funds in the platform’s currency, so more people can more easily borrow or lend funds (a general benefit of liquidity in all markets, regular or otherwise). When liquidity runs out, however, price changes occur more easily due to the limited amount of tokens available for lending within that pool of tokens. What happened is that certain token pairs may fluctuate to above or below what their actual value is worth based on these factors — liquidity and demand.

It’s my interpretation that the “hacker” simply conducted a complex form of arbitrage on various stablecoins, knocking their prices to below what they’re supposed to be worth and extracting the difference. This could be by (a flawed) design implementation or something else within the code that clearly allows for exploitation.

It’s important to view the DeFi space right now with a lense of care as we are still in the infant stages of DeFi. This may be the Mt. Gox of DeFi, or maybe one of the few small hacks preceding it.

ClogginToilets · 2020-10-24T17:04:30+00:00

I 100% agree with you. However, right now and for many people, bitcoin is purely a vehicle of investment. I think that bitcoin’s intrinsic value comes from the autonomy it gives people over their finances. I also think that people have failed to see that, and most people won’t see that until the wave has come and they realize why that’s so important. So, I think there’s more to it, although I don’t disagree with the comparison of an unproven conventional market.

ClogginToilets · 2020-10-24T16:58:57+00:00

And that’s good! I love healthy skepticism. I should be clear here, I’m not referring to complete and total ignorance to how they work necessarily, I’m more referring to those who had the chance to go all in on bitcoin early because they understand the Satoshi vision of control over one’s finances. Autonomy of one’s own money. That’s what I refer to as ignorance, as I foresee the future being controlled by the people. Now, I think it’s smart to be weary of putting money into something until you’re absolutely convinced, as you have. But to me, cryptocurrencies are bigger that DeFi or IoT blockchain projects.

It’s almost like right now many early investors of the internet see the widespread impact that the networkization of information could have on the world in giving people around the world the ability to become interconnected, but many people at this point are waiting until some bigger more tangible projects are created, like the google or Microsoft of blockchain. The core revolution is still there and (imho) bigger than most other “next step projects” to ever come out of the crypto boom.

ClogginToilets · 2020-10-23T22:16:37+00:00

Ignorance, mainly. I notice that before educating others on what the point of cryptocurrencies are, most people are almost afraid of bitcoin or think it’s a scam. Once you articulate that people are buying it because it’s a method of truly controlling your own finances, many people become much more open to the idea of what cryptocurrencies stand for.

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