vlad whatever was full of shit 4 years ago when he said that he thought proof of work would be eliminated within 6 months. I bought hardware on the basis that he was wrong and it paid out.
I dunno why anyone still has faith in eth as a concept, it's a garbage programming model, it's a garbage developer, who has failed for an inordinate period of time as measured by the crypto community. he's just trying to pump up his holdings.
(many of these deficiencies would have resulted in monetary losses for the developer himself, had he not used his central authority to roll back the blockchain. Literally anti-"crypto as a philosophy". So much for "code is law" and all that.)
https://news.ycombinator.com/item?id=14691212
He's 2 years beyond his 2 year worst case scenario and he has zero progress. And in the crypto community 4 years is a ridiculous period of time to be behind schedule. It's time to state the obvious: he fixed the broken script model that Bitcoin refused to fix, but he is incapable of adding anything significantly novel.
4 years of failed promises? With at least one rollback from a central authority? time to look elsewhere.
Otherwise, the obvious question: where is the Proof of Stake that he promised literally 4 years ago? How many more years out is it right now?
(nor is the "never increase past X amount of currency" even a good model. real currencies need to match issuance the amount of demand for currency... potentially even negative at times. And someone needs to do that. Otherwise, the currency will be subject to a wild amount of inflation/deflation... just like all previous hard currencies.)
Gosh, we could call that a "central bank". And electing an unresponsive 17-year-old as central banker is just about as dumb as it gets.
He is already making central banking decisions... just ones that the majority of the community (ridiculously) agrees with (throttling the amount of currency issued) because the community is centered around deflationary gold-bugs rather than actual maximalists.