The second point there seems like the one that’s actually relevant. It strikes me as unlikely that doing this with blockchain is less work than with conventional payment systems even if the developers have done blockchain things before, and conventional payment systems are even faster and more fungible with other assets than Ethereum. I’m reading the second point there as suggesting something like, you’re hoping that funding for this will come in substantial part from people who are blockchain enthusiasts rather than EAs, and who therefore wouldn’t be interested if it used conventional payment infrastructure?
(I agree that the “relics” idea is, at best, solving a different problem.)
You’re right that I expect there is a large group of both people and money who I expect to be interested in this because it’s on the blockchain which forms part of my reasoning. It also allows for better interoperability with existing Ethereum assets, which helps if you thinking making ICs liquid is important (which I do).
What I instead meant by the second point, however, is that moving funding to existing IC holders seems like it would be harder to do with traditional finance methods and easier with blockchain tech.
I haven’t worked enough with traditional finance protocols, but it seems like the process of querying all holders of the IC and then making payments to all of them could be more costly and complex, even when using something popular like Stripe.
The second point there seems like the one that’s actually relevant. It strikes me as unlikely that doing this with blockchain is less work than with conventional payment systems even if the developers have done blockchain things before, and conventional payment systems are even faster and more fungible with other assets than Ethereum. I’m reading the second point there as suggesting something like, you’re hoping that funding for this will come in substantial part from people who are blockchain enthusiasts rather than EAs, and who therefore wouldn’t be interested if it used conventional payment infrastructure?
(I agree that the “relics” idea is, at best, solving a different problem.)
You’re right that I expect there is a large group of both people and money who I expect to be interested in this because it’s on the blockchain which forms part of my reasoning. It also allows for better interoperability with existing Ethereum assets, which helps if you thinking making ICs liquid is important (which I do).
What I instead meant by the second point, however, is that moving funding to existing IC holders seems like it would be harder to do with traditional finance methods and easier with blockchain tech.
I haven’t worked enough with traditional finance protocols, but it seems like the process of querying all holders of the IC and then making payments to all of them could be more costly and complex, even when using something popular like Stripe.