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Ethereum Has Issues

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Re: Ethereum Has Issues

#41

Post by capableweb »

Animats wrote: post #23

The system is functioning as designed. The suckers are being fleeced. It is in the nature of markets to move money from the many to the few .

Not sure if you're arguing against Ethereum, cryptocurrencies as a whole, or capitalism as a whole? Your point would be better understood if you explained what you mean a bit more.

Re: Ethereum Has Issues

#42

Post by BobbyJo »

chrisco255 wrote: post #37
jqpabc123 wrote: post #30

Without regulation, the marketplace --- any marketplace --- becomes a platform for scams and extortion. Show me a marketplace without regulation and I will show you a marketplace best avoided if possible.

Show me a regulated market that is free of front-running. It doesn't exist.

Lesser evil?

Re: Ethereum Has Issues

#44

Post by thinkmassive »

cetxcz wrote: post #33
bulbosaur123 wrote: post #28

What useful has Ethereum created apart from providing an ever-bloating platform for generation of infinite digital-only tokens? As of 2022 the oracle problem still hasn't been solved, so actual decentralized, objective real life object-to-blockchain interaction is impossible. Monero added fully anonymous crypto that is used by most of the dark web. USDT, USDC provided stablecoins that can circumvent what fiat can't.…

USDT uses Ethereum.

It didn't launch on ethereum, and the largest issuance hasn't been on ethereum for a long time

https://tether.to/en/transparency

Re: Ethereum Has Issues

#45

Post by px43 »

naoqj wrote: post #35
polyomino wrote: post #6

Earlier quoted context omitted.

You're citing bitcoin sv? Is this a joke?

idk anything about crypto. why is "bitcoin sv" bad?

It's a low value Bitcoin fork from Craig Wright, a delusional dude who claims to be Satoshi, so he made a fork where he could control all the Satoshi coins. "SV" means "Satoshi's Vision".

Re: Ethereum Has Issues

#47

Post by 1991g »

chrisco255 wrote: post #38
Animats wrote: post #23

The system is functioning as designed. The suckers are being fleeced. It is in the nature of markets to move money from the many to the few .

What kind of quote is that? Markets are clearly many-to-many by definition. Money doesn't even have a meaning or value without markets. It's just paper without markets.

No post body was provided.

Re: Ethereum Has Issues

#48

Post by grafs50 »

chrisco255 wrote: post #38
Animats wrote: post #23

The system is functioning as designed. The suckers are being fleeced. It is in the nature of markets to move money from the many to the few .

What kind of quote is that? Markets are clearly many-to-many by definition. Money doesn't even have a meaning or value without markets. It's just paper without markets.

I think the idea is that "more capable" participants tend to make money off of "less capable" participants. And there are a lot more of the "less capable" ones.

Re: Ethereum Has Issues

#50

Post by bsamuels »

capableweb wrote: post #22
carlosdp wrote: post #21

Earlier quoted context omitted.

Yea but let's be real, when most people think "smart contracts" what they really mean is "turing complete smart contracts."

Not sure how many people share that "common definition". Most people I speak with day-to-day (who understands blockchain in the first place), would consider "programs stored on blockchain to run when conditions are met" as the most defining feature, and doesn't have to be turing complete for doing so.

If you ask any engineer outside the BTC cult if bitcoin script and the EVM is comparable, they would say no.
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