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Earlier quoted context omitted.
You and ChrisDeRose have no regard for truth and certainly have no problem spreading FUD for your own gain. You don't truly care about crypto, decentralization nor freedom but only about counterparty and bitcoin going up for your own selfish gain. Hope you can sleep well at night.
He is Chris De Rose.
Vitalik and his organization achieved a lot, Gavin deserves a mention as well as the guy who had the math behind ethereum. Nevertheless I don't see any killer apps coming out, so overall, its just another rerun of bitcoin.
A lot of the killer Bitcoin apps (gambling, drugs, etc.) make it too easy for law enforcement or site operators to steal everyone's money due to their centralization. It's a long shot, but if Ethereum gets really big really fast it's going to be much, much harder to shut down these apps.
Earlier quoted context omitted.
You and ChrisDeRose have no regard for truth and certainly have no problem spreading FUD for your own gain. You don't truly care about crypto, decentralization nor freedom but only about counterparty and bitcoin going up for your own selfish gain. Hope you can sleep well at night.
He is Chris De Rose.
No one needs ethereum. It's a penny stock scam that sells the cure to whatever ails you to any willing solutionist that's looking to get rich quick.
You and ChrisDeRose have no regard for truth and certainly have no problem spreading FUD for your own gain. You don't truly care about crypto, decentralization nor freedom but only about counterparty and bitcoin going up for your own selfish gain. Hope you can sleep well at night.
He's the uri geller of cryptocurrency
Vitalik and his organization achieved a lot, Gavin deserves a mention as well as the guy who had the math behind ethereum. Nevertheless I don't see any killer apps coming out, so overall, its just another rerun of bitcoin.
I think Ethereum has the potential to be the BitTorrent to Bitcoin's Napster. A lot of the killer Bitcoin apps (gambling, drugs, etc.) make it too easy for law enforcement or site operators to steal everyone's money due to their centralization. It's a long shot, but if Ethereum gets really big really fast it's going to be much, much harder to shut down these apps.
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I agree the article is distasteful in its focus on personalitiy... ...but as someone who's deeply involved in this technology (and an unabashed believer in the ethereum technology stack) I personally consider Vitalik's combination of skills in systems architecture design, cryptocurrency protocol coding, and cryptoeconomic analysis to be unmatched by anyone else in the community.
I think the HN crowd tends to forget that most people are simply hardwired to be interested in stories about other people, rather than concepts (or things)[0]. It's the best way to disseminate ideas to the general public. [0] http://link.springer.com/article/10.1007%2Fs11031-011-9273-2
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I think Ethereum has the potential to be the BitTorrent to Bitcoin's Napster. A lot of the killer Bitcoin apps (gambling, drugs, etc.) make it too easy for law enforcement or site operators to steal everyone's money due to their centralization. It's a long shot, but if Ethereum gets really big really fast it's going to be much, much harder to shut down these apps.
Maybe you can answer one persistent question I've had about Ethereum contracts. My understanding is that you can encode logic in the contract so that you and I can, for example, gamble on the outcome of the Superbowl and the contract ''knows'' to ask some trusted authority for the result of the game and then pay out accordingly. Isn't this only decentralized insofar as you and I both trust the trusted authority and t…
That is, individuals vote for which outcome is correct in proportion to their balance of 'reputation'. If an individual votes for the correct outcome (as determined by the majority of votes), they gain reputation, otherwise they lose it.
Reputation is valuable because it entitles voters to a share of the platform fees. Therefore there is a strong incentive to play fair in order to grow the platform and the value of one's reputation (similar to miners in Bitcoin).
https://augur.zendesk.com/hc/en-us/articles/208857885-For-Re...
Earlier quoted context omitted.
I think Ethereum has the potential to be the BitTorrent to Bitcoin's Napster. A lot of the killer Bitcoin apps (gambling, drugs, etc.) make it too easy for law enforcement or site operators to steal everyone's money due to their centralization. It's a long shot, but if Ethereum gets really big really fast it's going to be much, much harder to shut down these apps.
Maybe you can answer one persistent question I've had about Ethereum contracts. My understanding is that you can encode logic in the contract so that you and I can, for example, gamble on the outcome of the Superbowl and the contract ''knows'' to ask some trusted authority for the result of the game and then pay out accordingly. Isn't this only decentralized insofar as you and I both trust the trusted authority and t…
Under one perspective, the root of blockchain technology is a rigorous way to determine consensus reality. Ethereum is then an evolution on top of that - giving a good way to process that consensus reality.
Theoretically, one could begin implementing sensors of actual reality - is it raining today? who won this sportsball event? - within the system.
The TL;DR is that: Yes, but a) that's not a new problem and b) that's why this is all still under development and experimental, and why other people in this discussion only advise entering this market as an enthusiast.