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With all the success they've had in bitcoin (or lack thereof) you expect me to believe that jumping to ethereum is going to bring profit? Isn't the whole goal o

With all the success they've had in bitcoin (or lack thereof) you expect me to believe that jumping to ethereum is going to bring profit? Isn't the whole goal of ethereum to displace companies? I have yet to figure out just what problem ethereum even solves

CyberDildonics 11y ago
Apparently it solves the problem of marketing and hyping bitcoin alternatives. All I see from it is hype with basically no substance or concrete examples of it working. Bitcoin has literally been working for multiple years now. Despite the lies, deception and manipulation by the current blockstream funded developers, anyone can spend it in a lot of different ways on a lot of different things and it still works extremely smoothly.
- mcintyre1994 11y ago
  I think dogecoin already solved that problem :)
chrispeel 11y ago
Many fans of Bitcoin anticipated decentralized organizations, decentralized identity, etc... in a way comparable to the way Bitcoin is a decentralized currency. Unfortunately Bitcoin and other blockchain platforms do not provide easy development tools to build those other decentralized organizations. Yes, similar things can be built on Bitcoin as on Ethereum; it's just not as easy. > I have yet to figure out just what problem ethereum even solves Ethereum makes the blockchain easily programmable.
- imtringued 11y ago
  In exchange it makes computation incredibly expensive not only because the Etherum VM is grossly inefficient but also because every node has to compute the same computations to verify the results (with bitcoin proof is easy but finding a block is hard). This means the processing power of the etherum blockchain with one full node is the same as with a million nodes. We are jumping back to the nineties from a performance perspective despite potentially spending millions of dollars. I wouldn't be surprised if etherum could be DOS'd simply by a government spending a lot of cash on a smart contract that does absolutely nothing for a whole week. Etherum startups don't make a lot of sense unless you want to make some betting platform that would usually be taken down by the government.
  - deleted 11y ago
    [deleted]

CyberDildonics 11y ago

Apparently it solves the problem of marketing and hyping bitcoin alternatives. All I see from it is hype with basically no substance or concrete examples of it working. Bitcoin has literally been working for multiple years now. Despite the lies, deception and manipulation by the current blockstream funded developers, anyone can spend it in a lot of different ways on a lot of different things and it still works extremely smoothly.

mcintyre1994 11y ago
I think dogecoin already solved that problem :)

chrispeel 11y ago

Many fans of Bitcoin anticipated decentralized organizations, decentralized identity, etc... in a way comparable to the way Bitcoin is a decentralized currency. Unfortunately Bitcoin and other blockchain platforms do not provide easy development tools to build those other decentralized organizations. Yes, similar things can be built on Bitcoin as on Ethereum; it's just not as easy. > I have yet to figure out just what problem ethereum even solves Ethereum makes the blockchain easily programmable.

imtringued 11y ago
In exchange it makes computation incredibly expensive not only because the Etherum VM is grossly inefficient but also because every node has to compute the same computations to verify the results (with bitcoin proof is easy but finding a block is hard). This means the processing power of the etherum blockchain with one full node is the same as with a million nodes. We are jumping back to the nineties from a performance perspective despite potentially spending millions of dollars. I wouldn't be surprised if etherum could be DOS'd simply by a government spending a lot of cash on a smart contract that does absolutely nothing for a whole week. Etherum startups don't make a lot of sense unless you want to make some betting platform that would usually be taken down by the government.
- deleted 11y ago
  [deleted]