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I agree with all this, although I would phrase the Ethereum part differently. It's all unproven, but thus far, everything that they have said would theoreticall

I agree with all this, although I would phrase the Ethereum part differently. It's all unproven, but thus far, everything that they have said would theoretically work, and tried to implement, turned out to work in practice. Not disagreeing with your point, just the connotation around the word "unproven". The big test for me around ethereum comes when someone pushes the first REAL dApp on to mainnet. If that works out... then things get really interesting.

crummel 9y ago
Wasn't the DAO supposed to be the first real app, and it failed so badly they had to hard-fork to fix it?
- sputknick 9y ago
  Touche. Second real dApp?
- colordrops 9y ago
  Isn't it functioning fine now though?
  - sp821543 9y ago
    What happens when the next one is hacked to the same degree? I doubt a second fork will be tolerated.
    - JulianMorrison 9y ago
      The forkers have established - perhaps quite reasonably - the principle that Ethereum isn't a set of rules unto itself, but it includes the ability to right what are externally perceived as wrongs even when they are done by playing according to the internal rules. So the forkers have set a precedent for more forks, as needed, whenever the community as a whole decides some sufficiently impactful party is cheating the spirit, rather than the letter of the law.
      - urethrafranklin 9y ago
        Except that the whole value prop of Ethereum was supposed to be that the letter of the law was all, and the system would unconditionally and inviolably enforce it.
        JulianMorrison 9y ago
        Yes, exactly. That got, semi-explicitly, changed in the fork. While remaining so in the nonfork.
52-6F-62 9y ago
These aren't quite dApps in themselves, but the infrastructure is building to better allow nurturing of dApps. It also seems like the public chain will be leveraged in other novel ways. -- Eg. https://blockoneid.thomsonreuters.com/ https://blockoneid.thomsonreuters.com/ https://blockone.thomsonreuters.com/ https://blockone.thomsonreuters.com/ https://basicattentiontoken.org/ https://basicattentiontoken.org/ https://www.reuters.com/article/us-fintech-payments-circle-idUSKBN19539X https://www.reuters.com/article/us-fintech-payments-circle-i... (The IMF recently commented on how virtual currencies would make international transfers more secure, and cheaper which is something Circle is already doing on the backend)

crummel 9y ago

Wasn't the DAO supposed to be the first real app, and it failed so badly they had to hard-fork to fix it?

sputknick 9y ago
Touche. Second real dApp?
colordrops 9y ago
Isn't it functioning fine now though?
- sp821543 9y ago
  What happens when the next one is hacked to the same degree? I doubt a second fork will be tolerated.
  - JulianMorrison 9y ago
    The forkers have established - perhaps quite reasonably - the principle that Ethereum isn't a set of rules unto itself, but it includes the ability to right what are externally perceived as wrongs even when they are done by playing according to the internal rules. So the forkers have set a precedent for more forks, as needed, whenever the community as a whole decides some sufficiently impactful party is cheating the spirit, rather than the letter of the law.
    - urethrafranklin 9y ago
      Except that the whole value prop of Ethereum was supposed to be that the letter of the law was all, and the system would unconditionally and inviolably enforce it.
      - JulianMorrison 9y ago
        Yes, exactly. That got, semi-explicitly, changed in the fork. While remaining so in the nonfork.

52-6F-62 9y ago

These aren't quite dApps in themselves, but the infrastructure is building to better allow nurturing of dApps. It also seems like the public chain will be leveraged in other novel ways. -- Eg. https://blockoneid.thomsonreuters.com/ https://blockoneid.thomsonreuters.com/ https://blockone.thomsonreuters.com/ https://blockone.thomsonreuters.com/ https://basicattentiontoken.org/ https://basicattentiontoken.org/ https://www.reuters.com/article/us-fintech-payments-circle-idUSKBN19539X https://www.reuters.com/article/us-fintech-payments-circle-i... (The IMF recently commented on how virtual currencies would make international transfers more secure, and cheaper which is something Circle is already doing on the backend)