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Whats the challenge for ethereum? If the smart contracts don't work out like you hoped, you just get the people running it to adjust the ledger for you. (Or do
by nullc 10y ago
Whats the challenge for ethereum? If the smart contracts don't work out like you hoped, you just get the people running it to adjust the ledger for you.
(Or do they only do that when they personally lose out?)
- 7373737373 10y agoThe DAO debacle showed that regardless of the system - even Blockchains - there is no cloud, there are only other people's computers. All systems are inherently influenced by the people behind it, even if they try to ignore or abstract that fact away. There is no perfect neutrality, in fact, Blockchains with economic consensus (PoW/PoS) set a price for it. In addition to what I described above, there are more open questions, ranging from the best network topology to the different patterns of interactions and how they can be optimized. I'm becoming convinced that the best approach would not only allow for one paradigm, but for a range of protocols with different properties (e.g. that work in offline environments) - logical decentralisation. Any kind of maximalism for a single currency and network instance isn't applicable to this.
- deleted 10y ago[deleted]