3 ms·
If they can pull off merging mainnet into ETH2 it'll be a big improvement environmentally & scalability-wise, so yes. Supporting ETH/BTC now is pretty harmful t
by QuadrupleA 6y ago
If they can pull off merging mainnet into ETH2 it'll be a big improvement environmentally & scalability-wise, so yes. Supporting ETH/BTC now is pretty harmful to the world.
Not sure if the volatility thing will be solved, it's still people bidding at the value of intrinsically meaningless bits of data. But maybe more genuine utility, i.e. a payment solution better/cheaper than cash / credit / brokerages, would help justify the valuation. Ethereum's decentralized computation model might find more actually-beneficial-to-the-world applications if the tx costs weren't so painful.
Private keys are dangerously powerful for the average person, i.e. lose or have them stolen and you've lost your money forever. But that's a feature too, you can "open an account" in the few milliseconds it takes for your computer to generate a keypair.
- thebean11 6y agoAgree about private keys, but I see the problem a little differently. Combustion engines are dangerous and frankly beyond the comprehension of the average person, but cars put such a heavy layer of abstraction on top of them that anyone can get a ton of utility from the combustion engine. Software and smart contracts like key escrow services will solve this problem I bet. Volatility, I don't agree with. Look at DAI, it's completely decentralized and has done a great job pegging to the dollar. With DAI you can participate in DeFi / smart contracts without ETH volatility.