Neat story.
Ethereum price goes up nearly 50 percent in under a week
41–50 of 112 posts
Re: Ethereum price goes up nearly 50 percent in under a week
#42Neat story.
Actually, it is -- it's interesting that many excited "users" of the software might not actually understand what it is.
Re: Ethereum price goes up nearly 50 percent in under a week
#43Earlier quoted context omitted.
> 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 t…
I'm personally waiting on an ETH successor with non-Turing-complete, verifiable code. There's no reason that smart contracts require Turing completeness (no real world program requires it, for that matter), and software theorem proving will be required for me to take smart contracts seriously. We need to be able to prove things about the contract execution for it to be safe to trust "code as contract". Im not as upse…
Why not just use Bitcoin? [0] [1]
Re: Ethereum price goes up nearly 50 percent in under a week
#44Neat story.
Actually, it is -- it's interesting that many excited "users" of the software might not actually understand what it is.
I always mention that because in my opinion many people don't try bitcoin because they don't fully understand it, well Ethereum is many times harder to explain.
Re: Ethereum price goes up nearly 50 percent in under a week
#45Turing complete smart contracts are a problem, we will make mistakes, The DAO showed. Programmers can not make perfect software, formal logic is too hard and too expensive. Instead, you can use a cryptocurrency which supports declarative smart contracts, which a lay-person could read, write and understand. Declarative smart contracts, over at https://byteball.org/
Using bytes as the unit of currency is awful. That's like releasing a car whose dashboard displays speed in liters.
Re: Ethereum price goes up nearly 50 percent in under a week
#46Earlier quoted context omitted.
> 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. The analogy to the legal system is that mob rule supersedes (digital) contract law and property rights. If people want to go down tha…
> The analogy to the legal system is that mob rule supersedes (digital) contract law and property rights. Imagine if you and I wrote a contract, and in the contract, there is a typo which says that I will pay you $5 gazillion for an iPhone, then that doesn't mean that the courts must enforce it. Clearly, it doesn't follow the 'intent' of the parties. Now, what if the other side truly signed the contract because they…
"Clearly, it doesn't follow the 'intent' of the parties."
And who is deciding what that intent? Right now, the mob, so the parent is right :)
Your analogies to courts defeats the entire argument against that.
Courts were, in fact, set up as deciders of that thing called "law".
If code is law, so to speak, you don't need them. There is no intent.
Re: Ethereum price goes up nearly 50 percent in under a week
#47Neat story.
Please don't.
We detached this subthread from https://news.ycombinator.com/item?id=13862350 and marked it off-topic.
Re: Ethereum price goes up nearly 50 percent in under a week
#48Earlier quoted context omitted.
> Considering Ethereum Classic has all the features of ETH and it follows whatever your distorted definition of 'code is law' means, the fact that ETC is at it's all time low (compared to its price in ETH)). The question remains if ETH violated 'Code is Law', then how come market doesn't care. I'm not sure how my view is distorted - it might be naive, I concede. My view is basically the person who found a flaw in The…
Ultimately a cryptocurrency, like many things, is only worth what people are willing to pay for it. If people decide to stop using Old Etherium and switch to New Etherium that works the same and where everyone except the hacker get New Eth for their Old Eth, there is no way to stop them.
Exactly. Code is indeed law, but we should take into account both the code living on the blockchain and the code the nodes are running.
Re: Ethereum price goes up nearly 50 percent in under a week
#49Ethereum brought a lot of geeky fun to my life, it's a great hobby for those interested in cryptocurrencies, distributed systems, compilers and so on. But, it was just that, a hobby. 90% of the people I met in Ethereum meetups and hackathons didn't really understand what Ethereum is, most big companies that invest in Ethereum just do it because they don't want to miss "the next big thing", not because Ethereum solves…
I especially dislike the "let's make spotify, but on blockchain" approach the community has. They simply don't get that people won't switch over to their solution just because it's running ethereum blockchain.
Re: Ethereum price goes up nearly 50 percent in under a week
#50The 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 t…
what's your definition of law?