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/biz/ - Business & Finance

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17221795 No.17221795 [Reply] [Original]

The truth about DAML, EEA, Consensys, Quorum... The writing on the wall

>Internally, Masters leaving also came as a surprise, according to former employees, who said many had come to Digital Asset because of her and her vision of disrupting Wall Street.

>By 2018, Digital Asset found itself burning cash on long, expensive pitches to financial firms that weren't leading to business, according to one former employee. the issue the startup constantly came up against during pitches was the fact competitors were offering similar blockchain platforms for free via open source.

>The following month, DAML, a programming language for developing so-called "smart contracts," was open sourced. A combination of resignations and staffing cuts would soon follow the announcements, sources said, as the company focused all of its efforts and resources on DAML and building out the developer community around it and away from the blockchain platform it had failed to gain traction with.

>the new business model isn't a sure thing, sources said. the change in focus put Digital Asset on pace to be "much more useful, valuable," however, an open-source strategy made it difficult to assess profitability.

Consensys has also recently laid off 15% of its staff. All these retarded leftist projects about a fairer world or whatever bullshit, it's so predictable. Jpm is merging quorum to consensys because it's also useless shit. Wolpert is also unironically a clueless boomer moron. None of that shit is going anywhere. It is the shit no one is talking about on this board. EEA firms are just throwing a bit of money at Eth to stay relevant but in reality they just have dlt departments with 2 or 3 guys not doing anything. Another example of this is AXA shutting down Fizzy in complete silence. DAML is pointless, Consensys is ran by morons and will go bankrupt soon, the EEA isn't doing anything and IMINENT is another nothing burger. It's all just a bubble for execs and ctos to build a nice resume.

>> No.17221808
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17221808

>>17221795
comfy mommy

>> No.17221838

>>17221795
Posting in interesting bread

>> No.17221993

>>17221795
XDDD

>> No.17222028

>>17221795
I dont understand anything you are saying. Which coin and buy or sell?

>> No.17222030

Ethereum is a failed project,
Everyone claiming their Defi and Enterprises adoption is huge aren't understanding anything to this space, and don't read between the lines. almost 95% of all poc etc have not been a success at all and didn't go even to stage 2 lol

It's normal as Vitalik stole the idea of tokens from the Chromia team and wasn't the real mind behind the vision.

Now the Colored Coin / Chromaway / Chromia team is coming for taking back what's their own.

Already big and more and more enterprises implementation since 6years, gov entities on the 5 continents, and a public relational blockchain database with a programming language SQL based 7x more compact and secure than any other programming language...

And also the most powerful and efficient platform ever !

>> No.17222075

>>17222030
>translation: i shit on streets

>> No.17222149

>>17222030
A fucking ERC20 token

>> No.17222194

>>17221808
Horse teeth.

>> No.17222255

You are posting a gloomy outlook after everybody realized that the promises of corporate utility during the 2017 hype was not feasible due to core infrastructure not being built yet. It's like claiming internet has no use cases other than email back in 90s. In order to get cool shit you need to put in the work.
Everybody old enough to remember newgrounds with all the flash games knows how flash was the shit back in the day. Even on websites that have nothing to do with games. Now it's eradicated from the internet. Same with the situation surrounding Smart contracts, it is THE push to make it all work or it will all fall into obscurity. Point is, without external data fetching none of it will work. But even that is not enough, as it needs to be built to be secure 5, 10 years from now and it also needs to be cheaper than before.
All the other big players failed to match these criteria. There is only one stack of public blockchain + middle-ware that makes this possible in the near-to-mid term. Do you really want to bet against it?

>> No.17222335

>>17222255
Don't get me wrong I'm all in REDACTED because I know the retail speculative market is too blind to see the truth and it'll keep pumping anyway but anyone thinking value will come from actual adoption is deluded, there are so many huge technical or regulatory obstacles before it could take off

>> No.17222433

Unironically, where are the real commercial successes at?

>> No.17222503

>>17222335
You give contradicting points. Any work EEA and EMINENT are doing may or may not help adoption in the end. But the demand is already there. ISDA considers DAML good practice now. Something will come to fill in the gap eventually, and with all the current information we both know the most logical missing piece. Of course, it would be silly to expect everything to work out quickly. Adoption may be delayed, but it will happen. Just maybe not in the form we would expect.

>> No.17223694

>>17222194
you better fucking take that back or i’ll beat your fucking incel face until my the bones in my hands break and your head is turned into a puddle of flesh and bone