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I stopped taking Ethereum serious and consider anything that comes from the Gavin Woods / Vitalik Buterin twotter handles as pure garbage (at least from a techn

I stopped taking Ethereum serious and consider anything that comes from the Gavin Woods / Vitalik Buterin twotter handles as pure garbage (at least from a technological pov). How can anyone take these people serious after they ended up hard forking? They literally had to go against everything they said and stood for by manually intervening or throw the investments of thousands under the bus. Either you're a decentralized system ruled by consensus or you have top-down hirarchy but you can't claim both. They proofed that a human would intervene any time the proverbial sh!t hits the fan which makes them no better than an expensive but centrally controlled set-up of an RDBMS. Ethereum is snake-oil and if I see a CV that says blockchain without making crystal clear what they're doing in that space it goes immediately in the recycle bin. There literally are no valid use-cases (other than buying heroin) in crypto today. And anyone who peddles this stuff always looks like a shill. the tragic is that all this sounds like hyperbole until you realize the same is true for all the BS ideas that got (and still are) peddled since 2017 (wink-wink nudge-nudge $iota the blockchain that isn't one and that manages to invent the only hash-function which isn't collision resistant).

baryphonic 6y ago
> There literally are no valid use-cases (other than buying heroin) in crypto today. Even as a hyperbole, this seems odd. The various decentralized name resolution blockchains seem to be a valid use case, for instance. Sure, it's still possible for project politics to cause issues (like the hard fork), it's just significantly costlier. Crypto has been overhyped, but I think it's a mistake to say that there are "literally no valid use-cases," especially in a world where FAANGs seem to want to exert ever-greater control over what we can do with their systems. Crypto has a horrible UX at the moment ("first, you need to set up your wallet...") and it has an underdeveloped infrastructure, resulting in awkward centralized single points of failure (e.g. crypto exchanges). On top of that, no one has developed a "killer app" that could appeal to the mainstream computer user. As a consequence, the prices of crypto vary wildly, since the "real economy" seems to be dwarfed by simple speculation. The whole space right now is filled with criminals and ideologues and scalawags. (I imagine most of the ICO fraudsters have run out of coin.)

baryphonic 6y ago

> There literally are no valid use-cases (other than buying heroin) in crypto today. Even as a hyperbole, this seems odd. The various decentralized name resolution blockchains seem to be a valid use case, for instance. Sure, it's still possible for project politics to cause issues (like the hard fork), it's just significantly costlier. Crypto has been overhyped, but I think it's a mistake to say that there are "literally no valid use-cases," especially in a world where FAANGs seem to want to exert ever-greater control over what we can do with their systems. Crypto has a horrible UX at the moment ("first, you need to set up your wallet...") and it has an underdeveloped infrastructure, resulting in awkward centralized single points of failure (e.g. crypto exchanges). On top of that, no one has developed a "killer app" that could appeal to the mainstream computer user. As a consequence, the prices of crypto vary wildly, since the "real economy" seems to be dwarfed by simple speculation. The whole space right now is filled with criminals and ideologues and scalawags. (I imagine most of the ICO fraudsters have run out of coin.)