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Isn't that exactly what ethereum eventually demonstrated via the DAO fork? The core developer team effectively wields this power, but people still seem to be u

Isn't that exactly what ethereum eventually demonstrated via the DAO fork? The core developer team effectively wields this power, but people still seem to be using their currency.

throwawaylolx 8y ago
Yes, people use central banks as well. However, if you want to opt-out of centralized control, you have the option to use Bitcoin instead of fiat, Ethereum, or any other coin that had an ICO.
xiphias2 8y ago
Ethereum has very different philosophy (just as an example it's supposed to be an universal computer, not a cryptocurrency). I'm in the Bitcoin camp, and I think that the Ethereum developers are not careful enough with the changes they make to a multibillion dollar system, but you are right, many people like to use it.
- throwawaylolx 8y ago
  > Ethereum has very different philosophy (just as an example it's supposed to be an universal computer, not a cryptocurrency). Etherum doesn't have much of a philosophy. They have recently been pivoting away from a "universal computer" rhetoric to one focused on "decentralized finance."
- just_one_time_ 8y ago
  By Bitcoin we should mean only the Bitcoin Cash fork of the original code base. The addition of SegWit and RBF pivoted Core away from Bitcoin's titular claim to fame, Peer-to-Peer Digital Cash.
feanaro 8y ago
Didn't Ethereum simply make a fork of the client and the rest of the network agreed to use that fork?
- throwawaylolx 8y ago
  No, Ethereum didn't fork the client. The main client was patched to automatically use the bailout-chain, and anyone who upgraded their node was thus switched to the new chain. But this is merely a red herring: Ethereum was centralized from day 1 due to their distribution method, and the DAO is just a natural consequence of centralization.
  - feanaro 8y ago
    Perhaps I didn't quite phrase that as clearly as I could have. I meant to say that changing a client incompatibly is effectively forking the blockchain. Naturally, you still have to be mindful about whether or not you want to upgrade to software you do not wish to use. Upgrading to the new version and continuing to use it was a conscious decision to continue using that branch of the chain, made by the majority.

Isn't that exactly what ethereum eventually demonstrated via the DAO fork? The core developer team effectively wields this power, but people still seem to be using their currency.

throwawaylolx 8y ago

Yes, people use central banks as well. However, if you want to opt-out of centralized control, you have the option to use Bitcoin instead of fiat, Ethereum, or any other coin that had an ICO.

xiphias2 8y ago

Ethereum has very different philosophy (just as an example it's supposed to be an universal computer, not a cryptocurrency). I'm in the Bitcoin camp, and I think that the Ethereum developers are not careful enough with the changes they make to a multibillion dollar system, but you are right, many people like to use it.

throwawaylolx 8y ago
> Ethereum has very different philosophy (just as an example it's supposed to be an universal computer, not a cryptocurrency). Etherum doesn't have much of a philosophy. They have recently been pivoting away from a "universal computer" rhetoric to one focused on "decentralized finance."
just_one_time_ 8y ago
By Bitcoin we should mean only the Bitcoin Cash fork of the original code base. The addition of SegWit and RBF pivoted Core away from Bitcoin's titular claim to fame, Peer-to-Peer Digital Cash.

feanaro 8y ago

Didn't Ethereum simply make a fork of the client and the rest of the network agreed to use that fork?

throwawaylolx 8y ago
No, Ethereum didn't fork the client. The main client was patched to automatically use the bailout-chain, and anyone who upgraded their node was thus switched to the new chain. But this is merely a red herring: Ethereum was centralized from day 1 due to their distribution method, and the DAO is just a natural consequence of centralization.
- feanaro 8y ago
  Perhaps I didn't quite phrase that as clearly as I could have. I meant to say that changing a client incompatibly is effectively forking the blockchain. Naturally, you still have to be mindful about whether or not you want to upgrade to software you do not wish to use. Upgrading to the new version and continuing to use it was a conscious decision to continue using that branch of the chain, made by the majority.