2 ms·

Does Ethereum solve Bitcoin's core problems? increasing usage leads to transaction fees becoming prohibitively expensive, bitcoins get stolen regularly without

Does Ethereum solve Bitcoin's core problems? increasing usage leads to transaction fees becoming prohibitively expensive, bitcoins get stolen regularly without any way to get them back, bitcoins are often used for illegal transactions and tax evasion.

deleted 9y ago
[deleted]
vbezhenar 9y ago
Those aspects might be problems for you, but for me they are huge advantages, for example. If there's no way to get stolen bitcoins back, it means that there's no way to stole properly secured bitcoins. If they can be used for illegal transactions, I can help dissidents, for example. And tax evasion is a good thing as well.
- joosters 9y ago
  Isn't that just a circular definition? Bitcoins get stolen in increasingly different ways, then people say that they weren't properly secured. 'Be your own bank' is not actually a good feature.
jpatokal 9y ago
The last of those is a feature, not a bug. Bitcoin is actually pretty bad at hiding tracks, but many next-gen cryptocurrencies like Zcash and Monero are explicitly designed for anonymity.
drcode 9y ago
Ethereum addresses scaling with a flexible block size system, which is only a temporary solution. Long term, the ethereum community is heavily involved in "scalable blockchain" research, the only true solution to this problem. As for coins getting stolen: Ethereum users regularly make use of "bank vault" smart contracts that can time lock funds as a protection against thefts. As for people doing "naughty things" with Ethereum: No, there is no central entity that maintains "anti money laundering" information on transactions.