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If you think Ethereum is a way to buy (inefficient) computation, you have completely misunderstood what it is. As for fundamentals, it is obviously a technolog

If you think Ethereum is a way to buy (inefficient) computation, you have completely misunderstood what it is. As for fundamentals, it is obviously a technological product, with people working on improving it and building services based on it. It's also trying to solve a rather hard problem, as it turns out. It's possible that it simply isn't good enough at solving that problem yet (too many bugs or whatever).

nradov 8y ago
Ethereum isn't a "product" yet since it doesn't have any real uses. It's more of a tech demo right now which could possibly evolve into a product later.
- lkdjjdjjjdskjd 8y ago
  Arguably ICOs were a use case that was popular at least for a while. Saying it doesn't have any real uses sounds like the IBM guy who estimated the demand for computers to be about two or three globally.
  - nradov 8y ago
    ICOs were never a real use case, just a way for scammers to cheat greedy and ignorant people out of their money.
    - lkdjjdjjjdskjd 8y ago
      Yeah whatever - you have it all figured out, right? You seem to trust the government. Are you a Trump fan? Not saying it would be a bad thing. Just pointing out that governments aren't perfect.
      - nradov 8y ago
        I don't trust the government much. I trust cryptocurrency suckers and scammers even less. And you're correct: I do have it all figured out! Thanks for noticing.
        lkdjjdjjjdskjd 8y ago
        The entire point of cryptocurrency is to eliminate the need for trust. You can verify the source code of Ethereum implementations for yourself. The only problem here is that they may have taken upon too much complexity, making it again hard to verify. It might still be better than closed systems with no option to appeal. That would be a valid opinion (imo) - saying they failed to deliver. But accusing them of being scammers is off the mark. The implementors of Ethereum are not the scammers. You can have scammers with every product. A salesman can sell you a used car that is broken. That doesn't imply cars are scams. If somebody sells you Ethereum for 1 Million Dollars, they might be a scammer. That doesn't imply Ethereum is a scam.

nradov 8y ago

Ethereum isn't a "product" yet since it doesn't have any real uses. It's more of a tech demo right now which could possibly evolve into a product later.

lkdjjdjjjdskjd 8y ago
Arguably ICOs were a use case that was popular at least for a while. Saying it doesn't have any real uses sounds like the IBM guy who estimated the demand for computers to be about two or three globally.
- nradov 8y ago
  ICOs were never a real use case, just a way for scammers to cheat greedy and ignorant people out of their money.
  - lkdjjdjjjdskjd 8y ago
    Yeah whatever - you have it all figured out, right? You seem to trust the government. Are you a Trump fan? Not saying it would be a bad thing. Just pointing out that governments aren't perfect.
    - nradov 8y ago
      I don't trust the government much. I trust cryptocurrency suckers and scammers even less. And you're correct: I do have it all figured out! Thanks for noticing.
      - lkdjjdjjjdskjd 8y ago
        The entire point of cryptocurrency is to eliminate the need for trust. You can verify the source code of Ethereum implementations for yourself. The only problem here is that they may have taken upon too much complexity, making it again hard to verify. It might still be better than closed systems with no option to appeal. That would be a valid opinion (imo) - saying they failed to deliver. But accusing them of being scammers is off the mark. The implementors of Ethereum are not the scammers. You can have scammers with every product. A salesman can sell you a used car that is broken. That doesn't imply cars are scams. If somebody sells you Ethereum for 1 Million Dollars, they might be a scammer. That doesn't imply Ethereum is a scam.