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This submission is an ethereum pump article. It has never made sense to have turing complete currencies. Ethereum will continue to be a great idea in the short
by kneel 9y ago
This submission is an ethereum pump article.
It has never made sense to have turing complete currencies. Ethereum will continue to be a great idea in the short term and a terrible idea in the long term.
- a_imho 9y agoThe article lacks any details what should one buy cryptocurrencies (btc and eth) for, besides gambling on them of course.
- johnnydoebk 9y agoI agree. No offence but this is an /r/ethereum quality content.
- Fej 9y agoYeah, I got that vibe around > I believe in 50 years, cryptoeconomics may be a discipline as widely studied as physics and Satoshi may be as widely revered as Galileo. Holy cow. I stopped reading at that point. Did the author read that over before publishing?
- jacobush 9y agoI can easily imagine a dystopian future where basic sciences are no longer taught and Galileo seems irrelevant and quaint compared to the everyday chores one must do to avoid being repurposed as stock for the local Soylent Green factory.
- shusson 9y agoI stopped reading at that point as well.
- HXFIVE 9y agoYeah, I was expecting something insightful, but it's just an Ethereum promo. Nothing against Ethereum (although I'm personally not very excited about/interested in it).
- andrewla 9y agoMy feelings are very similar. Ethereum does a ton of things right -- GHOST for fast blocks, Merkle root of balance tree instead of transaction tree, nonce-based double-spend protection instead of UTXO gymnastics, simple transaction semantics, fixed reward instead of decreasing reward. But then on top of that there's this Turing-complete language that basically makes every client hugely complex while enabling use cases which are little more than zero-sum games. It's totally possible that Ethereum will be wildly successful and overtake Bitcoin -- the advantages above are significant. But I have to imagine that just as non-standard transactions in Bitcoin never took off, so the contract support in the future will be seen as a slightly embarrassing anti-feature that continues to exist but is increasingly rarely used, like 402 "Payment Required" or any other similar remnants.