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Ethereum 2.0 launches

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Re: Ethereum 2.0 launches

#441

Post by packetlost »

api wrote: post #386
j-pb wrote: post #371

Whenever someone mentions smart contracts I'm instantly reminded of that Jean Luc Picard quote: "I don't know how to communicate this, or even if it is possible to do so... but the question of justice has concerned me greatly of late. And so I say to any creature who may be listening: There can be no justice, so long as laws are absolute. Life itself is an exercise in exceptions."

I think of it this way: - Every system will be gamed, no exceptions. - It is impossible for the architects of any system to imagine all the ways it will be gamed. That's why it's not possible to create fixed laws that are just. Inevitably someone will find a hack that turns the intent of the law around while remaining true to its letter. This seems to be what dooms both pure libertarian capitalist schemes and pure so…

Any political or economic system built on the expectation that people won't be assholes to each other (and work with others to be assholes) is a flawed system.

Re: Ethereum 2.0 launches

#442

Post by PretzelPirate »

eMGm4D0zgUAVXc7 wrote: post #427
pietjepuk88 wrote: post #419

Earlier quoted context omitted.

With the advent of hardware wallets, and so many competing wallets/interfaces out there (tailored to different user bases), I feel it makes little sense for the Ethereum Foundation to pour their own (human) resources into this. They will support the ecosystems as necessary though, e.g. Metamask got funding way back in 2016.

> I feel it makes little sense for the Ethereum Foundation to pour their own (human) resources into this. Well, they received $ 18.3 million in crowdfunding [1], so I would dare to say it's not only "their" resources but also the resources of the community which they're spending, isn't it? Given that the central thing a user needs to use a cryptocurrency is the wallet it would seem a bit weird to collect $ 18M from t…

It’s odd to accuse the Ethereum Foundation of not delivering and it would be hard to back that claim.

Developing yet another Ethereum wallet when there are so many on the market would be a waste. It’s better for the foundation to provide a list of high quality wallets that already exist.

Re: Ethereum 2.0 launches

#443

Post by beaner »

downandout wrote: post #361
nootropicat wrote: post #253

Earlier quoted context omitted.

Define 'kill'. ETC has been 51% attacked multiple times and it still exists. It's very possible some people are going to mine btc on their personal hardware even in 2100. The only caveat is the difficulty adjustment algorithm, as it's potentially possible for btc to become stuck at an extremely high difficulty. For 'kill' as in 'stops being big and important' I think it's going to happen relatively soon, mostly agree…

Bitcoin might fall into obsolescence, but it won’t be because it is mined. It simply isn’t as useful as ETH. I firmly believe that DeFi, which is based upon ETH’s smart contracts and distributed EVM concept, is the future of the finance and investing universe, even with its many issues today. Flash loans/minting, for example, have turned the markets into the ultimate meritocracy. Anyone - rich or poor - can access up…

The false premise you're using is that smart contracts provide more utility than sound economic policy does.

Re: Ethereum 2.0 launches

#444

Post by Acrobatic_Road »

louwrentius wrote: post #179
rorykoehler wrote: post #109

Earlier quoted context omitted.

>I can do all these things already. While I understand why you are confused you must understand that many people can't do what you can do and it's not guaranteed you will be able to do it in the future either. Just look at the situation in Venezuela for example. Even in SE Asia loads of people are still unbanked with no way of changing that.

Then I don't understand this keen interest in crypto by Americans and Europeans. I think this is not why there is such a hype around cryptocurrencies.

I went to order a book recently. At the bottom of the shopping cart it reads: "Note: We have been deplatformed by our credit card processor. To complete your order, please print or otherwise make a copy of the information on this page and mail it with your cash, check, or money order to:" and then their address.

I don't live in a third world country, but I do think cryptocurrency would help in this situation.

Re: Ethereum 2.0 launches

#445

Post by phatfish »

markkat wrote: post #346
deathcakes wrote: post #183

Earlier quoted context omitted.

"In the long term this will lead to novel types of assets, and make ownership extremely liquid. Imagine using your phone to buy shares in a recording artist you just discovered, and selling those shares when they win a grammy." I'm sorry but I really totally fail to see what is appealing about this future hellscape where literally every aspect of our lives is transacted, monetised and profitable. What is good about t…

I see the opposite happening, as rent-seeking models like that of the recording industry are replaced. Also, this regards the music an artist makes and sells, not every aspect of their life.

I don't see how Ethereum or any "digital currency" solve the real world problems that will still exist. Sure, the big players in the recording industry can treat artists badly. But a service is provided, which is doing all business and marking side of things that most artists don't want to bother about.

The idea of recording companies will still exist. Maybe somehow the big incumbents get caught out by the change to a "digital economy", but all that will happen is new ones will appear, and will end up doing exactly the same as the old ones.

Digital distribution was supposed to free artists from record companies. Now it is consolidated to a few large companies like Spotify and Apple because musicians don't want to run and market their own digital store front.

Re: Ethereum 2.0 launches

#446

Post by aabhay »

ryebit wrote: post #416
j-pb wrote: post #371

Whenever someone mentions smart contracts I'm instantly reminded of that Jean Luc Picard quote: "I don't know how to communicate this, or even if it is possible to do so... but the question of justice has concerned me greatly of late. And so I say to any creature who may be listening: There can be no justice, so long as laws are absolute. Life itself is an exercise in exceptions."

I think the big reason this happens is because smart contracts are immutable at the lowlevel. Once it's declared, it's done. I think this is very good for auditability and security. But yeah, that quote is dead on. It's not quite as hot at a higher level, because things go wrong (bugs, malfeasance, mistakes, etc). I think the current lowlevel framework is fine, because it's allowing different projects to explore how…

All things considered, is this truly less complicated than a hand written handshake contract? The real solution is risk mitigation through deposits and payment plans.

Put another way: how good is a smart contract if it’s easy to create a deceptive one?

Re: Ethereum 2.0 launches

#447

Post by nonveumann »

DennisP wrote: post #382
siraben wrote: post #367

Having worked with Ethereum, especially the low level bytecode, one of the changes I'm most excited for that I don't see mentioned a lot is the addition of eWASM support for nodes. There's many problems with the two dominant smart contract languages Solidity and Vyper, for instance bloated codegen that had to be patched otherwise complex contracts size could not be deployed[0], or more theoretical concerns such as so…

Fwiw there is a proposal to add a return stack to the EVM: https://github.com/ethereum/EIPs/blob/master/EIPS/eip-2315.m... Your evm-assembler looks pretty interesting. It's crossed my mind before to write an evm Forth, just for fun, and the lack of a return stack so far has dissuaded me.

It's more than a proposal at this point, it's been accepted into the next network upgrade, Berlin, and has been implemented in all major clients for a while now.

Re: Ethereum 2.0 launches

#448

Post by eMGm4D0zgUAVXc7 »

PretzelPirate wrote: post #442
eMGm4D0zgUAVXc7 wrote: post #427

Earlier quoted context omitted.

> I feel it makes little sense for the Ethereum Foundation to pour their own (human) resources into this. Well, they received $ 18.3 million in crowdfunding [1], so I would dare to say it's not only "their" resources but also the resources of the community which they're spending, isn't it? Given that the central thing a user needs to use a cryptocurrency is the wallet it would seem a bit weird to collect $ 18M from t…

It’s odd to accuse the Ethereum Foundation of not delivering and it would be hard to back that claim. Developing yet another Ethereum wallet when there are so many on the market would be a waste. It’s better for the foundation to provide a list of high quality wallets that already exist.

> It’s odd to accuse the Ethereum Foundation of not delivering and it would be hard to back that claim.

It's actually quite easy: I opened the websites of all the 24 wallets they list and checked the imprint of each. None says it was developed by the foundation.

> Developing yet another Ethereum wallet when there are so many on the market would be a waste.

> It’s better for the foundation to provide a list of high quality wallets that already exist.

What would you think of me if I raised $18M to build a non-profit children's hospital and then used it to instead build a website which lists children's hospitals which were built by other people, most of which being for-profit companies, some even proclaiming themselves as registered in shady tax-haven countries, and most not even clearly showing where their company is registered?

Re: Ethereum 2.0 launches

#450

Post by louwrentius »

deeeeplearning wrote: post #335
louwrentius wrote: post #165

Earlier quoted context omitted.

Hmm, this reads like something I do understand, thank you.

You clearly aren't interested in learning anything, just on "dunking" on cryptocurrencies.

Hmm, where would you get that idea from?

https://louwrentius.com/cryptocurrencies-are-detrimental-to-...

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