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I'm involved, in this space and agree. Though to play devil's advocate, smart contracts (especially since Ethereum is soon adding zk-snarks) also allow for more
by earlz 9y ago
I'm involved, in this space and agree. Though to play devil's advocate, smart contracts (especially since Ethereum is soon adding zk-snarks) also allow for more sophisticated ways to commit crimes. But yes, I definitely think that smart contracts are the next move forward for this space. Dumb money transfer is a really awesome thing, but it's also quite small. Bitcoin does have some smart contract-ish functionality, but it's incredibly difficult to use, and so is for the most part useless outside of niche applications.
- patryn20 9y agoAs I said, Ethereum is fundamentally flawed. And the implementation was...naive. It is a giant liability to all those who use it. I'm very excited for the space. Just not for the current currencies.
- earlz 9y agoHeh, you don't need to tell me about it. If you like reading rants, I wrote one a while back over why the Ethereum Virtual Machine's core design is flawed to the very core http://earlz.net/view/2017/08/13/0451/the-faults-and-shortcomings-of-the-evm http://earlz.net/view/2017/08/13/0451/the-faults-and-shortco...