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14 points by ttunguz 4 years ago

ford 4 years ago |

These two things are different enough that it feels a little disengenuous to compare them. The similar growth from 2017-2020 seems more like a spurious correlation than a true one

Steltek 4 years ago |

I've never heard anyone describe Ethereum as a "database company". This whole blog post is nonsensical.

sergiotapia 4 years ago |

>Here’s the early revenue chart again. Blue Company is none other than MongoDB, one of the most successful standalone database companies. Red Company is Ethereum.

My eyes rolled to the back of my head so far I almost passed out.

Of course Red exploded. It's full of people trying to get rich quick lol.

ford 4 years ago | |

I read this comment as kind of a dig at Ethereum - which is partially fair because I agree Ethereum is a bit sensational.

But consider the opposite stance of thinking about what Ethereum does right - maybe rewarding your customers for using you is actually a good way to drive growth and distribute the wealth gained from success

The example that comes to mind is the talent network described in this article: https://www.notboring.co/p/braintrust-fighting-capitalism-wi...

RC_ITR 4 years ago |

I wish the author would define revenue more clearly.

He himself would admit that web3 “revenues” don’t go to “Ehtereum” so much as they go to a broad set of miners.

The idea that Ethereum gas and market cap are related is one I’d like him to explore further as well. Shouldn’t that imply that in order to be successful, web3 will have to be considerably more expensive to the user then web2 (even if users have the potential to earn some of that back).