Video: Dispelling FUD about Flare (with TLDR)

[Seoulite]

TLDR:

1. How is Flare different from Uniswap?

Flare is its own blockchain, whereas Uniswap is a Decentralised Application built on Ethereum, using the Ethereum blockchain and Ethereum's security.

 

2. The Oracle of Uniswap is also decentralised like Flare.

Yes, but the FTSO on Flare is built into the protocol, with its own blockchain. 

 

3. Why is nobody talking about the terrible launch that Flare had?

There has been no launch yet. 

 

4. Why does everyone think Flare is a huge thing? Isn't it just a copy of Uniswap with some other features?

They have built a decentralised oracle system into the layer one of the blockchain. FTSO can handle hundreds of different applications at the same time, it is not just a Dapp like Uniswap. Also ETH gas fees.

 

5. Isn't it all just hype from xrp owners who got an airdrop?

No it's not just xrp owners. Other added coin holders can also earn rewards from F-assets. Also Flare is a revolutionary blockchain that has removed mining and Proof of Stake. All holders can earn the native token (unlike ETH or BTC). 

 

6. There are already loads of copies of Uniswap.

Flare is not a copy of Uniswap. Don't confuse Flare with Flare Finance. You can't put billions of dollars of value onto proof of stake chains. Ethereum is a patchwork to fix the underlying problems that keep arising. Only the Flare X part of Flare Finance is similar to Uniswap. 

 

Don't confuse Flare and Flare Finance. Don't confuse Flare and Flare Finance. Don't confuse Flare and Flare Finance.

 

Edited March 2, 2021 by Seoulite

[BillyOckham]

5 hours ago, Seoulite said:

TLDR:

1. How is Flare different from Uniswap?

Flare is its own blockchain, whereas Uniswap is a Decentralised Application built on Ethereum, using the Ethereum blockchain and Ethereum's security.

 

2. The Oracle of Uniswap is also decentralised like Flare.

Yes, but the FTSO on Flare is built into the protocol, with its own blockchain. 

 

3. Why is nobody talking about the terrible launch that Flare had?

There has been no launch yet. 

 

4. Why does everyone think Flare is a huge thing? Isn't it just a copy of Uniswap with some other features?

They have built a decentralised oracle system into the layer one of the blockchain. FTSO can handle hundreds of different applications at the same time, it is not just a Dapp like Uniswap. Also ETH gas fees.

 

5. Isn't it all just hype from xrp owners who got an airdrop?

No it's not just xrp owners. Other added coin holders can also earn rewards from F-assets. Also Flare is a revolutionary blockchain that has removed mining and Proof of Stake. All holders can earn the native token (unlike ETH or BTC). 

 

6. There are already loads of copies of Uniswap.

Flare is not a copy of Uniswap. Don't confuse Flare with Flare Finance. You can't put billions of dollars of value onto proof of stake chains. Ethereum is a patchwork to fix the underlying problems that keep arising. Only the Flare X part of Flare Finance is similar to Uniswap. 

 

Don't confuse Flare and Flare Finance. Don't confuse Flare and Flare Finance. Don't confuse Flare and Flare Finance.

 

Excellent post.  Thanks for doing it.

 

I must admit though,  that after years of trying to correct misunderstandings and fight fud when it’s clearly fud, I’ve ultimately come to the conclusion that it’s a pointless exercise.

Its like trying to hold back the tide.  It comes from so many directions that it can’t be fixed or stopped.

I applaud efforts to make things understandable,  but unfortunately the firehose of the internet seems to make even that a lost cause.  Everything gets buried under newer posts.

At various times I’ve written faqs that ultimately turn out to be pointless.  Generally well received but quickly pointless.

To cover the topic needs a lot of words and few will bother reading them.  Even worse,  the ones that are after an answer don’t often bother to look to see if it’s answered already.

Sorry to be such a Debbie downer but if you give up now it will be easier on you.    
 

Or perhaps persist and succeed where I have so often failed.    

In any case the post you did is helpful no doubt to some,  and I applaud you for it in this backhanded way.   

[brianwalden]

15 hours ago, Seoulite said:

TLDR:

1. How is Flare different from Uniswap?

Flare is its own blockchain, whereas Uniswap is a Decentralised Application built on Ethereum, using the Ethereum blockchain and Ethereum's security.

 

2. The Oracle of Uniswap is also decentralised like Flare.

Yes, but the FTSO on Flare is built into the protocol, with its own blockchain. 

 

3. Why is nobody talking about the terrible launch that Flare had?

There has been no launch yet. 

 

4. Why does everyone think Flare is a huge thing? Isn't it just a copy of Uniswap with some other features?

They have built a decentralised oracle system into the layer one of the blockchain. FTSO can handle hundreds of different applications at the same time, it is not just a Dapp like Uniswap. Also ETH gas fees.

 

5. Isn't it all just hype from xrp owners who got an airdrop?

No it's not just xrp owners. Other added coin holders can also earn rewards from F-assets. Also Flare is a revolutionary blockchain that has removed mining and Proof of Stake. All holders can earn the native token (unlike ETH or BTC). 

 

6. There are already loads of copies of Uniswap.

Flare is not a copy of Uniswap. Don't confuse Flare with Flare Finance. You can't put billions of dollars of value onto proof of stake chains. Ethereum is a patchwork to fix the underlying problems that keep arising. Only the Flare X part of Flare Finance is similar to Uniswap. 

 

Don't confuse Flare and Flare Finance. Don't confuse Flare and Flare Finance. Don't confuse Flare and Flare Finance.

 

Thanks for the TLDR. I wasn't going to watch the video but I enjoyed the summary.

[brianwalden]

9 hours ago, BillyOckham said:

Excellent post.  Thanks for doing it.

 

I must admit though,  that after years of trying to correct misunderstandings and fight fud when it’s clearly fud, I’ve ultimately come to the conclusion that it’s a pointless exercise.

Its like trying to hold back the tide.  It comes from so many directions that it can’t be fixed or stopped.

I applaud efforts to make things understandable,  but unfortunately the firehose of the internet seems to make even that a lost cause.  Everything gets buried under newer posts.

At various times I’ve written faqs that ultimately turn out to be pointless.  Generally well received but quickly pointless.

To cover the topic needs a lot of words and few will bother reading them.  Even worse,  the ones that are after an answer don’t often bother to look to see if it’s answered already.

Sorry to be such a Debbie downer but if you give up now it will be easier on you.    
 

Or perhaps persist and succeed where I have so often failed.    

In any case the post you did is helpful no doubt to some,  and I applaud you for it in this backhanded way.   

Your FAQ on the airdrop was great. I used it to claim for like a dozen wallets.

I went looking for other Ripple groups. It's amazing how uneducated the typical crypto speculator is. They pick their coin for whatever reason, and then they learn just enough to be able to rationalize their decision. But they have no understanding of what it is they've bought into. It's crazy when you think about how volatile crypto is, or even how easy it is to send your money to the wrong address and never see it again.

This place is a nice little backwater of the internet with a good amount of thoughtful commenters.