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Not saying you're wrong, but a few thoughts: 1. Do you really want the average desktop computer to sync and verify the entire Blockchain? These things have got
by charlesdm 9y ago
Not saying you're wrong, but a few thoughts:
1. Do you really want the average desktop computer to sync and verify the entire Blockchain? These things have gotten so huge, even for Bitcoin it's not really reasonable anymore to store the entire chain on a desktop computer.
I think the answer here is no, but I could be wrong.
2. It probably goes against the decentralized idea behind blockchain, but I believe it is good that Ethereum has a clear leader. Someone who can actually (sort of) dictate the path -- at least until the project has gotten to where it wants / needs to go.
Bitcoin would be in a better place if the founder were around.
3. Bitcoin is already falling apart. Once you have to make a transaction, the pain (generally) starts..
4. One of the downsides of Ethereum is the size of the blockchain, but see 1.
I think at least for Ethereum the potential is still there for it to be good, once they fix their issues. This (to me) seems doable, but if you have things to share on why not, please do!
With Bitcoin, you know what the issues are, they are massive and have been around for a while, and they're only getting worse / not getting fixed because people can't reach a consensus. I believe it would be easier to reach consensus if there was a leader.
Most of these things however don't matter if we just see it as a store of value.