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The multiple implementations exponentially increase the breakdown of consensus. The network is literally unusable often. Their consensus is so bad, that the las
by RichardHeart 9y ago
The multiple implementations exponentially increase the breakdown of consensus. The network is literally unusable often. Their consensus is so bad, that the last breakdown of consensus created the nunber 6 crypto marketcap "currency" "etherum classic" which has "value" of $485 million as this is written.
It has no high fees, for there is no demand for what it does, and if there was demand, no limit to the supply to fill it. Have they decided how much "gas" it takes to run things yet, or are they still manually humanly moving that number around, you know, the only number that would give an ETH any scarcity and thus upward price potential?
NASA knows how to build software that is unlikely to fail, and saves or costs human lives. Little to none of the lessons NASA has learned regarding mission critical software development is used by Ethereum. Being turning complete is the enemy of consensus. The halting problem pretty much makes writing smart contracts that do what you want and nothing else in a turing complete language extremely difficult to the point of near impossiblity.
Thus, ETH may some day be useful for something, but making ETH tokens valuable isn't one of those things.
- davidgerard 9y agoIt's also worth noting the quality of the thinkers at work on it: https://davidgerard.co.uk/blockchain/buterins-quantum-quest/ https://davidgerard.co.uk/blockchain/buterins-quantum-quest/