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Priority Queue on Ethereum with a 15 ETH Bug Bounty

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Re: Priority Queue on Ethereum with a 15 ETH Bug Bounty

#11

Post by tdb7893 »

seibelj wrote: post #6

Cryptocurrencies, and especially Ethereum, are truly novel innovations in computer science that cross many academic disciplines. The linked example is a great write-up. It’s sad that there is a vocal group, especially on HN, that knee-jerk hates everything blockchain related and wishes with their entire being for it to fail. However, I think smart contracts are fascinating and wish more people would keep an open mind…

I personally thought I had an open mind about it but it keeps over promising and under delivering (the most extreme example is the rhetoric surrounding the DAO on the ethereum platform). It's undoubtedly a cool technology but at a certain point it's hard to muster any excitement anymore.

Re: Priority Queue on Ethereum with a 15 ETH Bug Bounty

#12

Post by tree_of_item »

robertAngst wrote: post #3

The flaws of ETH seem to show daily. The fact that this is a necessity to keep ETH flowing is a bad sign of things to come. Bitcoin not blockchain.

The fact that what is a necessity? New data structures? Why wouldn't you expect new data structures in absolutely any new environment?

Re: Priority Queue on Ethereum with a 15 ETH Bug Bounty

#13

Post by elvinyung »

seibelj wrote: post #6

Cryptocurrencies, and especially Ethereum, are truly novel innovations in computer science that cross many academic disciplines. The linked example is a great write-up. It’s sad that there is a vocal group, especially on HN, that knee-jerk hates everything blockchain related and wishes with their entire being for it to fail. However, I think smart contracts are fascinating and wish more people would keep an open mind…

I definitely agree with you about the anti-blockchain bubble that's formed, but I think that there are a few unanswered questions about non-technological factors (shameless self-promotion: [1]) that will unfortunately limit them to be little more than interesting technologies for now.

[1] https://www.notion.so/Yet-Another-Rant-About-Blockchains-ece...

Re: Priority Queue on Ethereum with a 15 ETH Bug Bounty

#15

Post by nowarninglabel »

tdb7893 wrote: post #11
seibelj wrote: post #6

Cryptocurrencies, and especially Ethereum, are truly novel innovations in computer science that cross many academic disciplines. The linked example is a great write-up. It’s sad that there is a vocal group, especially on HN, that knee-jerk hates everything blockchain related and wishes with their entire being for it to fail. However, I think smart contracts are fascinating and wish more people would keep an open mind…

I personally thought I had an open mind about it but it keeps over promising and under delivering (the most extreme example is the rhetoric surrounding the DAO on the ethereum platform). It's undoubtedly a cool technology but at a certain point it's hard to muster any excitement anymore.

That's true of just about any technological innovation though. Even look at recent examples with space, self-driving cars, etc. I'd posture that we are currently somewhere in the Trough of Disillusionment [0] and that it'll another year or two before there's more mass use/adoption.

[0] https://en.wikipedia.org/wiki/Hype_cycle

Re: Priority Queue on Ethereum with a 15 ETH Bug Bounty

#16

Post by [deleted] »

seibelj wrote: post #6

Cryptocurrencies, and especially Ethereum, are truly novel innovations in computer science that cross many academic disciplines. The linked example is a great write-up. It’s sad that there is a vocal group, especially on HN, that knee-jerk hates everything blockchain related and wishes with their entire being for it to fail. However, I think smart contracts are fascinating and wish more people would keep an open mind…

[deleted]

Re: Priority Queue on Ethereum with a 15 ETH Bug Bounty

#17

Post by ProfBernardo »

seibelj wrote: post #6

Cryptocurrencies, and especially Ethereum, are truly novel innovations in computer science that cross many academic disciplines. The linked example is a great write-up. It’s sad that there is a vocal group, especially on HN, that knee-jerk hates everything blockchain related and wishes with their entire being for it to fail. However, I think smart contracts are fascinating and wish more people would keep an open mind…

Agreed. I left HN after I realized how stupid the people here were and migrated to a troll account. It's amazing how abrasive the vocal group is. I ditched my real life identity (which I use everywhere else) just so I could feel a little freer in expressing my true opinion on this forum. +1 for downvotes. Oh wait, you can't. At least, not the average user... I think admins can, though, right?

Re: Priority Queue on Ethereum with a 15 ETH Bug Bounty

#18

Post by empath75 »

seibelj wrote: post #6

Cryptocurrencies, and especially Ethereum, are truly novel innovations in computer science that cross many academic disciplines. The linked example is a great write-up. It’s sad that there is a vocal group, especially on HN, that knee-jerk hates everything blockchain related and wishes with their entire being for it to fail. However, I think smart contracts are fascinating and wish more people would keep an open mind…

I think it’s more a reaction to the con artists that infested the whole industry than the technology itself.

Re: Priority Queue on Ethereum with a 15 ETH Bug Bounty

#19

Post by LeoPanthera »

seibelj wrote: post #6

Cryptocurrencies, and especially Ethereum, are truly novel innovations in computer science that cross many academic disciplines. The linked example is a great write-up. It’s sad that there is a vocal group, especially on HN, that knee-jerk hates everything blockchain related and wishes with their entire being for it to fail. However, I think smart contracts are fascinating and wish more people would keep an open mind…

I don't want to be anti-blockchain, but I have yet to come across any problems that are solved better with a blockchain than with any other traditional technology - except for the original one, a distributed electronic currency.

Re: Priority Queue on Ethereum with a 15 ETH Bug Bounty

#20

Post by topmonk »

arcticbull wrote: post #5
robertAngst wrote: post #3

The flaws of ETH seem to show daily. The fact that this is a necessity to keep ETH flowing is a bad sign of things to come. Bitcoin not blockchain.

Or neither Bitcoin nor Blockchain. The thing is, inflation is actually what keeps the entire economy moving. Deflationary currencies actively dissuade investment and lending. What would a loan even look like denominated in a deflationary currency? Lenders are incentivized not to give you the one, as their cash reserves appreciate risk-free. Oh, and also, why trust this random ad-hoc group of self-appointed economists…

> If the core team wants to create more bitcoin they can.

If you believe this, you lack a fundamental understanding of btc.

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