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Ethereum is the robust base layer for a whole bunch of stuff. ICOs are an ok use case for Ethereum today, but when plasma is ready (months not years), the trans
by ENGNR 8y ago
Ethereum is the robust base layer for a whole bunch of stuff. ICOs are an ok use case for Ethereum today, but when plasma is ready (months not years), the transaction capacity will explode and fees could go to zero within a plasma chain. There will surely be a huge increase of real useful applications, including in the payment space
I think Bitcoin might be useful for storing and holding wealth, whereas Ethereum is much more active protocol, for active communication and interaction
- DINKDINK 8y ago>Ethereum is the robust base layer for a whole bunch of stuff. Solidity et al are imperative languages which basically turn the never static ethereum blockchain into an absolute nightmare to reason about or write robust code for. See basically the once weekly massive security bugs in ethereum contracts. Turning completeness and imperative languages; I would not call that robust on the code execution level. Ethereum is also not immutable, see DAO bailout. I would not call that robust. Ethereum has architected their consensus choices such that miners can increase blocksize to push out competitors. That leads to coercion centralization. I wouldn’t call that robust. Even if we live in a future utopia where coercion isn’t a threat, then The system is a horribly inefficient AWS.
- r32a_ 8y agoBitcoin has the lightning network which is already in production and in use today with a few little applications running on top of it. http://satoshi.place/ http://satoshi.place/
- DINKDINK 8y ago* https://satoshis.place/ https://satoshis.place/