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It's important not to conflate the present issues with the eventual issues. Eventually, ETH will be an immediate and decentralized distributed value network wi
by hyprCoin 9y ago
It's important not to conflate the present issues with the eventual issues. Eventually, ETH will be an immediate and decentralized distributed value network with extremely low to nonexistent processing fees.
When we are dealing with money, trustlessness means not asking permission. It also means you can review what the code is doing before sending your valuable money to it. We also get a global headless processing center for free.
I think you should re-evaluate your opinions on eth. But, maybe you are right and people are ok with throwing their money into a centralized repository. Maybe visual sourcesafe will make a comeback as well.
- hackinthebochs 9y agoMy point was that its currency features are the only thing that make it potentially valuable. It being a "distributed computer" like some people envision is doomed to failure. Programmable money is useful, but not to the tune of multi-billions. The majority of value is in the trustless money aspect, not the trustless programmability. Most people will have no problem trusting sites for short periods with smallish amounts. That's not to say there wont be any use-cases, or even many. There could be very many use cases for eth in fact, but it still not be multi-billion market cap valuable.