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When reading this I think of my deep knowledge of TCP (especially the pain points) and yet it is "The Internet" for the past while. Compared to simpler protoco
by kev009 8y ago
When reading this I think of my deep knowledge of TCP (especially the pain points) and yet it is "The Internet" for the past while. Compared to simpler protocols like Delta-T and later/better protocols like XTP, TCP still "won" for a variety of reasons (adoption, good enough, numbers of implementation, hardware implementation, etc)
There are a couple reasons I think Ethereum might prevail over bitcoin:
* Vitalik is young and "all in", god willing he will have many decades to refine and improve Ethereum. Think Linus and Linux versus the cabal of Bitcoin and BSD core leadership.
* Most of the criticism in this article are things that have slipped committed or expected dates. The community is aware of the problems and is looking forward to fixing them despite it taking longer than expected. It's ok to be wrong and off on dates if you get it right "just in time" which is only obvious after the fact.
All in all, Bitcoin might be BSD and Ethereum might be Linux. BSD was technically better for a decade, but Linux had the central leadership of a young Linus and scaled better in adding new developers and corporate users into the mix at the right time. That seemed to matter more than quality, stability, and longevity of governance at least up until now.
It's perfectly valid to point out the technical flaws and remind people they missed their commitments. But I'd caution against making financial decisions with too much weight on that alone, which would be about as effective as making them on the expected good will of the community of a cryptocoin :)
- kortilla 8y agoInteresting that you picked TCP given the fact that the TCP everyone runs today isn’t the original one.
- dhh2106 8y ago>TCP still "won" for a variety of reasons (adoption, good enough, numbers of implementation, hardware implementation, etc) Agreed Ethereum is way ahead in the ecosystem race. There are lots more developers using eth and tooling available compared to other chains, and 2019 is poised to accelerate the ecosystem. The technology still needs work in certain areas (by the way, so does btc). Talented and experienced people are working on it, despite what this tweetstorm says
- h1d 8y agoI guess BSD and Linux were aiming to take the same position as OS where Bitcoin and Ethereum are not. No one sane would get Bitcoin staffed with complicated features beyond its simple purpose of keeping a decentralized ledger. Nothing else would go forward if it isn't for Bitcoin running in a stable way. Bitcoin would be positioned as TCP whereas Ethereum would be regarded as HTTP protocol ready to run apps on top. BSD's position is more like Bitcoin Cash (or SV). Similar purpose, different philosophy.
- DennisP 8y agoExcept that HTTP literally does run on top of TCP, while Ethereum doesn't depend on Bitcoin in any way, unless you count price action and the minds of many speculators.