RT @Jarvis_Network: 💪 We have anticipated that for quite some time now, especially with constant gas fees increase ⛽. Therefore, we got closer with @TorusLabs for a month now, and we are developing our new wallet based on Torus technologies.
RT @avsa: Unilogin is out of gas: we’re unfortunately shutting down the project. Many factors contributed to it, but mainly: gas prices, DeFi gentrification and being collateral damage in a war of between the tech giants.
alex van de sande (4 character handle ? me : bot) - @avsa1 month ago
Unilogin is out of gas: we’re unfortunately shutting down the project. Many factors contributed to it, but mainly: gas prices, DeFi gentrification and being collateral damage in a war of between the tech giants.
It's sad to see more projects shut down due to Ethereum's problems. Hopefully more diverse applications are once again possible in Ethereum. In my view, I wouldn't want it to become a DeFi only blockchain.
So is no better then finance 1.0
In fact its worse because you can be anon and do rug pulls on lots of people because you don't have to deal with regulation.
Uniswap isnt the exception anymore with the governance token. The FED could just print some USD and then buy 51% of the UNI supply and then vote in anything they want.
Anything that is not DeFi will struggle according to the [guy that runs the top crypto VC, Olaf Carlsen](https://old.reddit.com/r/polkadot_market/comments/iw5ium/not_sure_why_this_wasnt_posted_before_olaf/).
I'm legitimately sad that one of my favorite projects - Etheroll - is down to [7 players and 12 rolls this week](https://old.reddit.com/r/etheroll/comments/irzq9a/myetherolls_weekly_game_summary_week_37_2020/). I used to explain the potential of smart contracts to people back in 2017 using Etheroll as an example. It was such a simple dapp that most people instantly got the value of smart contracts: there's no permissions needed, no trust needed... just read the code and press roll.
Really sad to see, it was such a great project. But you have to respect teams that give the money back to investors once they realize their initial plan isn't going to pan out rather than doing endless pivots until they've spent it all.
Wrong assumption #1 always seemed like a problem to me from day 1. Suprised you guys even tried to make it work.
All 'freemium' models where multisig wallets are created for free by the service provider on behalf of the user just won't scale in the long run. How can an SP afford even $1 per signup if its trivial to sybil attack that?
Argent will run into this problem also. It's only a matter of time.
Not sure about Unilogin but at the moment Argent requires you to provide your phone number and the account is tied to it. I am no security expert to claim that it prevents Sybil attacks, but so-far it's been working. But yes - being a business subsidizing transactions ain't easy at the moment. Argent better monetize, cause I really like them (they are also #22 on the Eth Gas Station ETH25 Leaderboard, yay).
Despite on what many think, L2s lack on many fronts. Complexity increases almost exponentially and lack of composability is a real issue that no L2 deals with.
That's why the recommendation is always: "Use it if you just wanna move tokens around". Else, build at your own risk.
Developer time is precious and finite, you can't just go and explore a production ready app on L2 just because. The switch to ETH 2 also adds an additional dose of uncertainty to the mix.
Triple bummer when you consider that avsa loudly encouraged everyone else to stop working on login solutions because his team was working on it and made it sound like everyone else would be wasting their time