Ethereum price goes up nearly 50 percent in under a week
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Ethereum price goes up nearly 50 percent in under a week
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Re: Ethereum price goes up nearly 50 percent in under a week
#2The underlying technology here is far superior to that of bitcoin (for those who don't know, ethereum is a blockchain with a turing-complete programming language built on top of it and enables decentralized code execution) and the development ecosystem is much more vibrant and promising.
We haven't seen the last of this.
Re: Ethereum price goes up nearly 50 percent in under a week
#3I'll get the dumb stuff out of the way.
No, the hard fork for TheDAO did not sacrifice our principles.
No it wasn't a centralized bailout.
Yes, there were SOME shady things that went down, but all very minor. It was a very confusing time for all.
Yes, the website says "unstoppable uncensorable contracts" and we stopped one. Congratulations. Let me direct you to Ethereum Classic. You can't complain about a hard fork when you have a community that upholds the original version. Go complain there. The rest of us are moving forward and helping develop a technology that will ultimately be fully decentralized and uncensorable. In the meantime, our community respects our centralized development team that is super awesome and competent and are committed to changing the world.
Best analogy I can come up with is Elon Musk trying to develop automated driving cars, and a few people tragically get killed along the way due to it. That doesnt mean automated driving cars are bad, or that development of the technology should cease.
Here's a great list of upcoming projects
https://www.reddit.com/r/ethereum/comments/5slji5/its_all_sl...
Re: Ethereum price goes up nearly 50 percent in under a week
#4The recent price movement could be attributed to the formation of Enterprise Ethereum Alliance[0].
Here's a description from the website for what the EEA aims to do.
> "The Enterprise Ethereum Alliance connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. Together, we will learn from and build upon the only smart contract supporting blockchain currently running in real-world production – Ethereum – to define enterprise-grade software capable of handling the most complex, highly demanding applications at the speed of business."
Some big names that are a part of the Alliance include Microsoft, Intel, J.P. Morgan, and Accenture. The rest are on the site!
Re: Ethereum price goes up nearly 50 percent in under a week
#5The underlying technology here is far superior to that of bitcoin (for those who don't know, ethereum is a blockchain with a turing-complete programming language built on top of it and enables decentralized code execution) and the development ecosystem is much more vibrant and promising. We haven't seen the last of this.
> The underlying technology here is far superior to that of bitcoin
Opinion
> ethereum is a blockchain with a turing-complete programming language built on top of it and enables decentralized code execution
Fact -- but double edged sword (my opinion, of course).
I have personally been skeptical of ETH for years as their team have been promising the moon for a variety of use cases.
For me, the biggest blow to ETH is the revelation that "the code is NOT law". This is in contrast to the line they were pushing for years that the code IS law. Then someone found a bug in the first major DAO and the code was quickly changed.
So much for that. If you think that is gonna be the last issue along these lines, I've got a bridge to sell you, too.
Re: Ethereum price goes up nearly 50 percent in under a week
#6I'll get the dumb stuff out of the way. No, the hard fork for TheDAO did not sacrifice our principles. No it wasn't a centralized bailout. Yes, there were SOME shady things that went down, but all very minor. It was a very confusing time for all. Yes, the website says "unstoppable uncensorable contracts" and we stopped one. Congratulations. Let me direct you to Ethereum Classic. You can't complain about a hard fork w…
> No, the hard fork for TheDAO did not sacrifice our principles.
As an observer, yes, it definitely did.
It's the thing that has most turned me off of ETH.
Re: Ethereum price goes up nearly 50 percent in under a week
#7I'll get the dumb stuff out of the way. No, the hard fork for TheDAO did not sacrifice our principles. No it wasn't a centralized bailout. Yes, there were SOME shady things that went down, but all very minor. It was a very confusing time for all. Yes, the website says "unstoppable uncensorable contracts" and we stopped one. Congratulations. Let me direct you to Ethereum Classic. You can't complain about a hard fork w…
> No, the hard fork for TheDAO did not sacrifice our principles. As an observer, yes, it definitely did. It's the thing that has most turned me off of ETH.
Great, dont use it. Clearly, others don't share your perspective. That's the beauty of decentralized systems. No one is forcing you to use Ethereum or Bitcoin or anything. But your opinion on its usefulness as an outsider is much less meaningful.
Re: Ethereum price goes up nearly 50 percent in under a week
#8I'll get the dumb stuff out of the way. No, the hard fork for TheDAO did not sacrifice our principles. No it wasn't a centralized bailout. Yes, there were SOME shady things that went down, but all very minor. It was a very confusing time for all. Yes, the website says "unstoppable uncensorable contracts" and we stopped one. Congratulations. Let me direct you to Ethereum Classic. You can't complain about a hard fork w…
> No, the hard fork for TheDAO did not sacrifice our principles.
> No it wasn't a centralized bailout.
> Yes, there were SOME shady things that went down, but all very minor. It was a very confusing time for all.
> Yes, the website says "unstoppable uncensorable contracts" and we stopped one. Congratulations. Let me direct you to Ethereum Classic. You can't complain about a hard fork when you have a community that upholds the original version. Go complain there. The rest of us are moving forward and helping develop a technology that will ultimately be fully decentralized and uncensorable. In the meantime, our community respects our centralized development team that is super awesome and competent and are committed to changing the world.
What's to prevent a similar situation in the future and why should anyone believe that to hold?
> Best analogy I can come up with is Elon Musk trying to develop automated driving cars, and a few people tragically get killed along the way due to it. That doesnt mean automated driving cars are bad, or that development of the technology should cease.
In your analogy the company set up by Musk would get sued and possibly shut down. It wouldn't stop the concept itself from being developed or promoted by others and doesn't speak to the concept itself. I'm not saying Ethereum should have "given up" but sacrificing the core point of transactions not being able to be backed out is pretty damning.
Re: Ethereum price goes up nearly 50 percent in under a week
#9Earlier quoted context omitted.
> No, the hard fork for TheDAO did not sacrifice our principles. As an observer, yes, it definitely did. It's the thing that has most turned me off of ETH.
Great, dont use it. Clearly, others don't share your perspective. That's the beauty of decentralized systems. No one is forcing you to use Ethereum or Bitcoin or anything. But your opinion on its usefulness as an outsider is much less meaningful.
Your attitude here isn't exactly endearing me, and I would imagine some third party observers as well.
Your team has always been a bit combative with regards to criticism, from my experience.
That said... I am actually more interested in using ethereum classic than I am ethereum, uh, central.
Re: Ethereum price goes up nearly 50 percent in under a week
#10I'll get the dumb stuff out of the way. No, the hard fork for TheDAO did not sacrifice our principles. No it wasn't a centralized bailout. Yes, there were SOME shady things that went down, but all very minor. It was a very confusing time for all. Yes, the website says "unstoppable uncensorable contracts" and we stopped one. Congratulations. Let me direct you to Ethereum Classic. You can't complain about a hard fork w…
> No, the hard fork for TheDAO did not sacrifice our principles. > No it wasn't a centralized bailout. > Yes, there were SOME shady things that went down, but all very minor. It was a very confusing time for all. > Yes, the website says "unstoppable uncensorable contracts" and we stopped one. Congratulations. Let me direct you to Ethereum Classic. You can't complain about a hard fork when you have a community that up…
"What's to prevent a similar situation in the future and why should anyone believe that to hold?"
Ask yourself if this was a centralized hard fork ordered by up high, or as users we chose to opt in to this change. Clearly we opted in, because Ethereum Classic exists for those who so wish. Therefore, the Ethereum Foundation did not "force" me to do anything that I didn't agree to.
Yes in my example Musk might have gotten sued (although really? is he at risk of that right now? I doubt it.), but a mistake early on in development should not hinder the advancement of the technology.
If you are going to say smart contracts are useful, but we should abandon the Ethereum blockchain, then BY ALL MEANS please go to Ethereum Classic. You'll be welcome there with open arms. But the main Ethereum community clearly prioritizes pragmatism, as do the majority of the world. We're not idealists. We're actually trying to put out a meaningful technology to help people. So you can throw Musk in jail or let him get back to work on saving lives.