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I'm not sure when Ethereum supporters would wake up. Ethereum's design creates this kind of Dark Forest problem. When it is programmable, you are at risk of bei
by dnprock 6y ago
I'm not sure when Ethereum supporters would wake up. Ethereum's design creates this kind of Dark Forest problem. When it is programmable, you are at risk of being overpowered by bots. Computers are far more efficient than humans. Smart contracts are not smart. If they're too complicated (smart), humans can't comprehend them. So they're mostly dumb. Bots will overrun humans. With Ethereum, you know you're entering a digital Dark Forest. But you still want to explore it. You venture into the Dark Forest and got attacked. It does make an interesting story. But it's a fairly useless system.
With cryptocurrencies, you want to "slow" the system down. You want more redundancy. You want less efficiency. It's the only way to fight the automation monsters. Bitcoin is money. Ethereum is a fun and experimental Dark Forest.
- literallycancer 6y agoMost trading is automated. This is not something that's unique to smart contract platforms. How come the world didn't end already?