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Final Steps

blog.ethereum.org

1–10 of 104 posts

Re: Final Steps

#2
Blockchain tech is finally getting interesting.

Of the part of the population that is reasonable well informed about the workings of bitcoin, there is a huge sub population that, for one reason or another, regards it as less than a full viable implementation to accomplish the goals set forth in the whitepaper. I am among these.

Although the bitcoin whitepaper represents a compelling call to action and a mathematical head opener, the state of bitcoin today makes it clear that, like many first tries, this one didn't succeed.

However, announcements like this one provide a very powerful reminder that, taken generally, blockchain technology, as a movement, may yet have the evolutionary gravity that we imagined.

Re: Final Steps

#4
Just to chime in with the obligatory: sounds-interesting-but-for-the-love-of-turing-it's-infuriatingly-hard-to-find-a-basic-description-of-what-it-actually-is.

Re: Final Steps

#6
post #2

Blockchain tech is finally getting interesting. Of the part of the population that is reasonable well informed about the workings of bitcoin, there is a huge sub population that, for one reason or another, regards it as less than a full viable implementation to accomplish the goals set forth in the whitepaper. I am among these. Although the bitcoin whitepaper represents a compelling call to action and a mathematical…

How do you say Bitcoin didn't succeed?

The currency currently has a market cap of about $4,300,000,000 USD, processes transactions equivalent to $300,000,000 USD daily and can be used globally by anyone.

It's been running completely decentralized for 6 years without compromise.

It has probably succeeded far beyond most expectations for it.

Re: Final Steps

#7

Good luck guys! I'm incredibly excited. This feels like a modern day Apollo launch.

I'm sorry, but no.

One could also interpret it as an indictment. If a blockchain technology is really as exciting as Apollo 11, then that must reflect poorly on us.

Re: Final Steps

#8
post #4

Just to chime in with the obligatory: sounds-interesting-but-for-the-love-of-turing-it's-infuriatingly-hard-to-find-a-basic-description-of-what-it-actually-is.

Ditto, after reading several of the about pages, I'm still not sure what Ether is, or how it's used, or who the target audience is.

Something in there about a decentralized platform for running apps, but I don't want to guess too deeply about what this means.

Is it a cloud hosting platform that runs on Ether? Is the platform going to be used primarily for mining Ether? I'm not even sure, if anyone has a short description that will explain what this is, I'd love to read it!

Re: Final Steps

#9
post #2

Blockchain tech is finally getting interesting. Of the part of the population that is reasonable well informed about the workings of bitcoin, there is a huge sub population that, for one reason or another, regards it as less than a full viable implementation to accomplish the goals set forth in the whitepaper. I am among these. Although the bitcoin whitepaper represents a compelling call to action and a mathematical…

How do you say Bitcoin didn't succeed? The currency currently has a market cap of about $4,300,000,000 USD, processes transactions equivalent to $300,000,000 USD daily and can be used globally by anyone. It's been running completely decentralized for 6 years without compromise. It has probably succeeded far beyond most expectations for it.

If only we could harness the computational power wasted on Bitcoin mining as heat, for useful distributed computing.
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