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Vitalik keeps on endorsing ICOs while he promised he would stop due to the abuse of the schemes. He keeps promising things while the existing software keeps on

by kbody 9y ago

Vitalik keeps on endorsing ICOs while he promised he would stop due to the abuse of the schemes. He keeps promising things while the existing software keeps on failing due to bad design and not strict rules or guidelines. It takes weeks for a really beefy machine to fully sync a full node. "Smart" contracts remain really difficulty to be written safely. Ethereum was unusualable when it reached its scaling limits just by one silly app of cat breeding. They are on the verge of doing another hard-fork to effectively revert some transactions and move some stuck ETH. It's really a clownfest that keeps on pushing badly written software just so they can sell it to greater fools and enterprise "smart"-dump money. Can't have respect for this kind of behavior.

berberous 9y ago
From what I've seen, this is inaccurate FUD. If I'm wrong, I'd appreciate examples with links. Some specific responses: 1.) All blockchains are having issues with scaling, including Bitcoin. Vitalik is working hard on scaling (see, e.g., his recent work on sharding and Plasma). I am not saying he will necessarily be successful. It's possible a newer competitor (like EOS, Cardano, Ripple, Stellar Lumens, IOTA, etc.) may have a better approach to scaling, although a lot of those competitors are overhyped, do not have a working mainnet yet, or have used other tradeoffs (e.g, security or centralization) in order to provide scalability. I'm not saying Ethereum is the best project, I'm saying that Vitalik seems like an honest, hardworking, direct, technical guy who avoids hype/FUD more than most in this space. 2.) "They are on the verge of doing another hard-fork to effectively revert some transactions and move some stuck ETH." What is this referencing? The Parity folks proposed something along these lines, but the community was not in favor and I believe it's been dropped. I have not seen Vitalik or the other Eth devs push this. 3.) Vitalik has urged people to be cautious of these overhyped valuations and ICOs. He has advised projects that are technically interesting, without endorsing the ICO raise itself or their valuations. I don't personally see a problem with that, although perhaps people differ.
vvillena 9y ago
When the CryptoKitties craze was at its highest, the Ethereum network was still faster and cheaper than Bitcoin. It kept processing transactions (faster than ever, even). You just needed to pay more than usual. You make some good points, like Solidity being a horrible language. The community needs to discover better metaphors for blockchain-aware programming. As for the rest, I'm not sure if you really want to discuss what you say, or just to cry aloud. Any serious read into the Parity multisig bug would lead you into protocol upgrade discussions, not into bailout discussions. It turns out that some ether previously thought lost could be mathematically proved to belong to a certain address, so giving an option to retrieve the money would be a net gain. The multisig bug made people look into this. If it can be done, rejecting the change "to make them learn from their mistakes" would be petty.
xur17 9y ago
I just synced a full Ethereum node in < 1 day without any problems.
- kbody 9y ago
  I'm talking about the full-node mode, not the fast-sync mode that doesn't fully verify the blockchain.

by kbody 9y ago

berberous 9y ago

From what I've seen, this is inaccurate FUD. If I'm wrong, I'd appreciate examples with links. Some specific responses: 1.) All blockchains are having issues with scaling, including Bitcoin. Vitalik is working hard on scaling (see, e.g., his recent work on sharding and Plasma). I am not saying he will necessarily be successful. It's possible a newer competitor (like EOS, Cardano, Ripple, Stellar Lumens, IOTA, etc.) may have a better approach to scaling, although a lot of those competitors are overhyped, do not have a working mainnet yet, or have used other tradeoffs (e.g, security or centralization) in order to provide scalability. I'm not saying Ethereum is the best project, I'm saying that Vitalik seems like an honest, hardworking, direct, technical guy who avoids hype/FUD more than most in this space. 2.) "They are on the verge of doing another hard-fork to effectively revert some transactions and move some stuck ETH." What is this referencing? The Parity folks proposed something along these lines, but the community was not in favor and I believe it's been dropped. I have not seen Vitalik or the other Eth devs push this. 3.) Vitalik has urged people to be cautious of these overhyped valuations and ICOs. He has advised projects that are technically interesting, without endorsing the ICO raise itself or their valuations. I don't personally see a problem with that, although perhaps people differ.

vvillena 9y ago

When the CryptoKitties craze was at its highest, the Ethereum network was still faster and cheaper than Bitcoin. It kept processing transactions (faster than ever, even). You just needed to pay more than usual. You make some good points, like Solidity being a horrible language. The community needs to discover better metaphors for blockchain-aware programming. As for the rest, I'm not sure if you really want to discuss what you say, or just to cry aloud. Any serious read into the Parity multisig bug would lead you into protocol upgrade discussions, not into bailout discussions. It turns out that some ether previously thought lost could be mathematically proved to belong to a certain address, so giving an option to retrieve the money would be a net gain. The multisig bug made people look into this. If it can be done, rejecting the change "to make them learn from their mistakes" would be petty.

xur17 9y ago

I just synced a full Ethereum node in < 1 day without any problems.

kbody 9y ago
I'm talking about the full-node mode, not the fast-sync mode that doesn't fully verify the blockchain.