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> whatever that crazy contraption is The people who built "that crazy contraption" are pioneers in an industry that is going to help lift hundreds of millions

by spir 7y ago

> whatever that crazy contraption is The people who built "that crazy contraption" are pioneers in an industry that is going to help lift hundreds of millions out of poverty via cheap, non-predatory financial services and create trillions in wealth by further unifying the global market. I am somebody who spends hundreds of hours per year reading about Ethereum and blockchain. I could stop doing this whenever I want, I'm not bound by my employer or anything. I keep at it because the underlying technology and things being built with it are amazing and valuable. If you take one thing away from this thread, let it be that Bitcoin is the "Ask Jeeves" of cryptocurrency and the future is actively being built on Ethereum.

lngnmn1 7y ago
I would call naive bullshit. First of all, without real-world, not imaginary adoption the sentences like "lift hundreds of millions out of poverty via cheap, non-predatory financial services" are nothing but literally empty memes. Second, the projects like https://iohk.io/ https://iohk.io/ are way superior than current Ethereum in any dimension except that, and this is what makes it still alive, Ethereum is here for many year. Other than that, Ethereum is an amateur hobby project, badly designed by an uneducated amateurs, badly implemented by inexperienced amateurs, and has been obsoleted by literally tens of world-class teams. That iohk folks, for example, has been smart enough to employ (as research fellows) world's top experts in relevant fields who have produced world-class solutions way above any amateur crap currently in use. Even most of HN alumni barely understand what does it mean to have an executable specifications in Haskell (guaranteed lack of contradictions and guaranteed correctness of implementation) and verified by a proof-checker on-chain language (guaranteed soundness of the other-peoples's code) Nevertheless, it seems that there is literally no demand for adoption of these already up and running world-class top-tier solutions (by iohk) given that there is literally nothing better, nothing even close. Why? Because, it seems, that no one is interested in anything but speculations and memes. You literally have no idea, my friend.
gl00pp 7y ago
Ethereum is a centralized shitcoin

by spir 7y ago

lngnmn1 7y ago

I would call naive bullshit. First of all, without real-world, not imaginary adoption the sentences like "lift hundreds of millions out of poverty via cheap, non-predatory financial services" are nothing but literally empty memes. Second, the projects like https://iohk.io/ https://iohk.io/ are way superior than current Ethereum in any dimension except that, and this is what makes it still alive, Ethereum is here for many year. Other than that, Ethereum is an amateur hobby project, badly designed by an uneducated amateurs, badly implemented by inexperienced amateurs, and has been obsoleted by literally tens of world-class teams. That iohk folks, for example, has been smart enough to employ (as research fellows) world's top experts in relevant fields who have produced world-class solutions way above any amateur crap currently in use. Even most of HN alumni barely understand what does it mean to have an executable specifications in Haskell (guaranteed lack of contradictions and guaranteed correctness of implementation) and verified by a proof-checker on-chain language (guaranteed soundness of the other-peoples's code) Nevertheless, it seems that there is literally no demand for adoption of these already up and running world-class top-tier solutions (by iohk) given that there is literally nothing better, nothing even close. Why? Because, it seems, that no one is interested in anything but speculations and memes. You literally have no idea, my friend.

gl00pp 7y ago

Ethereum is a centralized shitcoin