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What Is Ethereum?

whatthefuckisethereum.com

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Re: What Is Ethereum?

#11

Post by revelation »

cslewis wrote: post #2

Few weeks ago I decided to spend a weekend to try to understand Ethereum. I found the whitepaper to be pretty instructive (it even helped me cement my understanding of bitcoin). Here is an annotated version of the whitepaper by vitalik: http://fermatslibrary.com/s/ethereum-a-next-generation-smart...

This is drivel.

Protocols and decentralized applications around decentralized file storage, decentralized computation and decentralized prediction markets, among dozens of other such concepts, have the potential to substantially increase the efficiency of the computational industry, and provide a massive boost to other peer-to-peer protocols by adding for the first time an economic layer

Re: What Is Ethereum?

#12

Post by QML »

notadoc wrote: post #8

Are we at the "mania" stage of cryptocurrency interest yet?

Pretty sure the majority of people don't know about cryptocurrency yet. On the other hand, less than 1% of Americans were invested in the stock market preceding the Great Depression..

Re: What Is Ethereum?

#13

Post by nerdponx »

revelation wrote: post #11
cslewis wrote: post #2

Few weeks ago I decided to spend a weekend to try to understand Ethereum. I found the whitepaper to be pretty instructive (it even helped me cement my understanding of bitcoin). Here is an annotated version of the whitepaper by vitalik: http://fermatslibrary.com/s/ethereum-a-next-generation-smart...

This is drivel. Protocols and decentralized applications around decentralized file storage, decentralized computation and decentralized prediction markets, among dozens of other such concepts, have the potential to substantially increase the efficiency of the computational industry, and provide a massive boost to other peer-to-peer protocols by adding for the first time an economic layer

It's not necessarily drivel, it's just an unfounded assertion.

Re: What Is Ethereum?

#14

Post by dialupmodem »

So tired of seeing blockchain, machine learning, and JS in hte news. Things like Ethereum and even Bitcoin are 100% hype, "what if", and are nothing more than dreams.

Last century gave us things like the personal computer, the internet, and so on. What about this one? Fancier webpages? Selfies? Tweets?

All of this blockchain and cryptocurrency and JS hype is tiresome to see. What happened to making real stuff that works and solves real problems?

Re: What Is Ethereum?

#15

Post by thatswrong0 »

revelation wrote: post #11
cslewis wrote: post #2

Few weeks ago I decided to spend a weekend to try to understand Ethereum. I found the whitepaper to be pretty instructive (it even helped me cement my understanding of bitcoin). Here is an annotated version of the whitepaper by vitalik: http://fermatslibrary.com/s/ethereum-a-next-generation-smart...

This is drivel. Protocols and decentralized applications around decentralized file storage, decentralized computation and decentralized prediction markets, among dozens of other such concepts, have the potential to substantially increase the efficiency of the computational industry, and provide a massive boost to other peer-to-peer protocols by adding for the first time an economic layer

It's a bit silly to dismiss the whole thing because the cofounder is trying a little too hard to sell the technology.. it certainly doesn't mean the technological aspect of the paper is "drivel"

Re: What Is Ethereum?

#16

Post by AVTizzle »

dialupmodem wrote: post #14

So tired of seeing blockchain, machine learning, and JS in hte news. Things like Ethereum and even Bitcoin are 100% hype, "what if", and are nothing more than dreams. Last century gave us things like the personal computer, the internet, and so on. What about this one? Fancier webpages? Selfies? Tweets? All of this blockchain and cryptocurrency and JS hype is tiresome to see. What happened to making real stuff that wo…

Lots of hype, for sure, but this criticism is too hard for what is still a still nascent frontier technology.

The innovations you listed in "last century"- PC, internet, etc - both went through their fringe, hobbyists-and-nerds-only phases, during which their future value to society was totally unclear and uncertain.

Only in hindsight are these technologies impacts obvious.

While I couldn't agree more about the fact that there's ridiculous hype and (most annoyingly) greedy speculation in crypto, I for one am hugely excited and optimistic about the potential society-changing implications of the this tech.

Re: What Is Ethereum?

#17

Post by harryh »

dialupmodem wrote: post #14

So tired of seeing blockchain, machine learning, and JS in hte news. Things like Ethereum and even Bitcoin are 100% hype, "what if", and are nothing more than dreams. Last century gave us things like the personal computer, the internet, and so on. What about this one? Fancier webpages? Selfies? Tweets? All of this blockchain and cryptocurrency and JS hype is tiresome to see. What happened to making real stuff that wo…

Well, we got ubiquitous mobile computing this century. That's been working out pretty well so far.

Cloud computing is pretty great too.

Re: What Is Ethereum?

#18

Post by RexetBlell »

prodtorok wrote: post #3

How important is the adoption of Solidity for Ethereum's success?

I don't think it's very important. There are several other languages that can compile down to EVM bytecode. A cool one is Viper (https://github.com/ethereum/viper), which is NOT Turning complete, but decidable. This makes it easier to reason about the correctness of the code, and formally proving that your code is correct.

Re: What Is Ethereum?

#19

Post by [deleted] »

dialupmodem wrote: post #14

So tired of seeing blockchain, machine learning, and JS in hte news. Things like Ethereum and even Bitcoin are 100% hype, "what if", and are nothing more than dreams. Last century gave us things like the personal computer, the internet, and so on. What about this one? Fancier webpages? Selfies? Tweets? All of this blockchain and cryptocurrency and JS hype is tiresome to see. What happened to making real stuff that wo…

[deleted]

Re: What Is Ethereum?

#20

Post by ernesto95 »

dialupmodem wrote: post #14

So tired of seeing blockchain, machine learning, and JS in hte news. Things like Ethereum and even Bitcoin are 100% hype, "what if", and are nothing more than dreams. Last century gave us things like the personal computer, the internet, and so on. What about this one? Fancier webpages? Selfies? Tweets? All of this blockchain and cryptocurrency and JS hype is tiresome to see. What happened to making real stuff that wo…

If your comparing centuries you probably should give this one a bit more time, I mean we're in our second decade...
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