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Ethereum's chain is a mess. It's only burning 25k USD per day, and the project plans to switch off of it entirely. The claim that this project can cure whatever

Ethereum's chain is a mess. It's only burning 25k USD per day, and the project plans to switch off of it entirely. The claim that this project can cure whatever ails you on such a weak foundation is at best dubious, and probably just a scam.

pipermerriam 11y ago
Can you please back this up with some actual citation or something. I'm pretty involved in the Ethereum community as a developer and this statement seems founded either in fantasy or in information that I'm not aware of. > Ethereum's chain is a mess. I'm unsure what you mean here. > It's only burning 25k USD per day, and the project plans to switch off of it entirely. Burning 25k USD of what? Switch off of what? > The claim that this project can cure whatever ails you on such a weak foundation is at best dubious, and probably just a scam. Which claims are you referring to. What part of Ethereum is a scam?
- brighton36 11y ago
  I went over the numbers with vitalik a couple weeks ago - he'll corroborate my claim. You can tell roughly how much energy is being burned per day based on calculating the token price multiplied by the daily issuance rate. Vitalik knows the Ethereum chain won't scale so he's renovating the entire thing to Proof of Stake. (Which is a bad idea as well). Hunt around this is public knowledge. Claims: There are so many. If you haven't seen them , watch the videos of the Ether team during the crowdsale.
Cshelton 11y ago
I think you have a misunderstanding of what a blockchain really is and/or what Ethereum is doing. Provide some reasoning to your claim, I'm not even sure what you mean...
- brighton36 11y ago
  You can look me up. My claims are outlined under the post adjacent to this one. Ethereum is a very dubious project, and if you don't understand my claims - I'm guessing you're new, or at the center of the hype machine.

pipermerriam 11y ago

Can you please back this up with some actual citation or something. I'm pretty involved in the Ethereum community as a developer and this statement seems founded either in fantasy or in information that I'm not aware of. > Ethereum's chain is a mess. I'm unsure what you mean here. > It's only burning 25k USD per day, and the project plans to switch off of it entirely. Burning 25k USD of what? Switch off of what? > The claim that this project can cure whatever ails you on such a weak foundation is at best dubious, and probably just a scam. Which claims are you referring to. What part of Ethereum is a scam?

brighton36 11y ago
I went over the numbers with vitalik a couple weeks ago - he'll corroborate my claim. You can tell roughly how much energy is being burned per day based on calculating the token price multiplied by the daily issuance rate. Vitalik knows the Ethereum chain won't scale so he's renovating the entire thing to Proof of Stake. (Which is a bad idea as well). Hunt around this is public knowledge. Claims: There are so many. If you haven't seen them , watch the videos of the Ether team during the crowdsale.

Cshelton 11y ago

I think you have a misunderstanding of what a blockchain really is and/or what Ethereum is doing. Provide some reasoning to your claim, I'm not even sure what you mean...

brighton36 11y ago
You can look me up. My claims are outlined under the post adjacent to this one. Ethereum is a very dubious project, and if you don't understand my claims - I'm guessing you're new, or at the center of the hype machine.