Why I’m so “against” Ethereum
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Why I’m so “against” Ethereum
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Re: Why I’m so “against” Ethereum
#2TL;DR: A long, insightful, and at least partially correct critique of the "state" of Ethereum as of today.
My humble 0.02 is that what's current is immature and unstable, but there's a decent chance that Ethereum, or Bitcoin, or both, will at some point in the future provide some interesting technical solutions/services.
The fact that Ethereum is not there yet is not a good enough argument for me.
Re: Why I’m so “against” Ethereum
#3He’s criticizing Eth for being a “ science experiment”? The entire crypto ecosystem is just an experiment, including bitcoin. It’s all immature and unstable.
Re: Why I’m so “against” Ethereum
#4TL;DR: A long, insightful, and at least partially correct critique of the "state" of Ethereum as of today. My humble 0.02 is that what's current is immature and unstable, but there's a decent chance that Ethereum, or Bitcoin, or both, will at some point in the future provide some interesting technical solutions/services. The fact that Ethereum is not there yet is not a good enough argument for me.
Other than making some people really rich, what problems would it solve that aren’t better solved by existing solutions which don’t burn energy to create secure entropy?
Re: Why I’m so “against” Ethereum
#5TL;DR: A long, insightful, and at least partially correct critique of the "state" of Ethereum as of today. My humble 0.02 is that what's current is immature and unstable, but there's a decent chance that Ethereum, or Bitcoin, or both, will at some point in the future provide some interesting technical solutions/services. The fact that Ethereum is not there yet is not a good enough argument for me.
Other than making some people really rich, what problems would it solve that aren’t better solved by existing solutions which don’t burn energy to create secure entropy?
You kind of asked a loaded question, but to answer your question; whatever thing needs decentralization.
Re: Why I’m so “against” Ethereum
#6TL;DR: A long, insightful, and at least partially correct critique of the "state" of Ethereum as of today. My humble 0.02 is that what's current is immature and unstable, but there's a decent chance that Ethereum, or Bitcoin, or both, will at some point in the future provide some interesting technical solutions/services. The fact that Ethereum is not there yet is not a good enough argument for me.
Other than making some people really rich, what problems would it solve that aren’t better solved by existing solutions which don’t burn energy to create secure entropy?
> "existing solutions which don’t burn energy"
Like what?
Re: Why I’m so “against” Ethereum
#7He’s criticizing Eth for being a “ science experiment”? The entire crypto ecosystem is just an experiment, including bitcoin. It’s all immature and unstable.
You're agreeing with him.
He's responding to people saying "hey, why are you criticising ETH, don't you like this stuff?" And he's saying that even the "blue chip" cryptocurrency projects are still very experimental phases and he takes them seriously enough to criticize them.
Re: Why I’m so “against” Ethereum
#8TL;DR: A long, insightful, and at least partially correct critique of the "state" of Ethereum as of today. My humble 0.02 is that what's current is immature and unstable, but there's a decent chance that Ethereum, or Bitcoin, or both, will at some point in the future provide some interesting technical solutions/services. The fact that Ethereum is not there yet is not a good enough argument for me.
I agree. Your position is reasonable and cautiously stated. Unfortunately the crypto hate here on HN is real and pretty disappointing really.
Crypto Currencies are an emerging technology that have value far beyond currencies. IPFS for example, d.tube etc.
Re: Why I’m so “against” Ethereum
#9[deleted]
Re: Why I’m so “against” Ethereum
#10Earlier quoted context omitted.
Other than making some people really rich, what problems would it solve that aren’t better solved by existing solutions which don’t burn energy to create secure entropy?
> "existing solutions which don’t burn energy" Like what?
Most computer programs don't rely on brute-forcing hashes to produce results.
Programs that don't require brute-force commonly use many times less energy than programs that do rely on brute force.
This extra cost is often seen as wasteful.