3 ms·

Cash flow is for businesses. Ethereum doesn’t know what it is. The rules are always changing, running a full node is practically impossible, and issuance is al

by zoshi 5y ago

Cash flow is for businesses. Ethereum doesn’t know what it is. The rules are always changing, running a full node is practically impossible, and issuance is always changing. It’s not even clear that the features claimed in this paper will be true one year from now. Multiple consensus failures (most recently this last month) and constant design changes do not provide a secure foundation for sound money.

deleted 5y ago
[deleted]
tim333 5y ago
It could be a case of the perfect is the enemy of the good though. I mean Ethereum isn't perfect but not much else is either.
- zoshi 5y ago
  If I’m going to stick my savings in a cryptocurrency, I want the network to be stable for the foreseeable future (and be private, but that’s another story).
  - jakupovic 5y ago
    You can have your own network/blockchain but none would pay for it. Hence the problem.
    - zoshi 5y ago
      By “private” I meant transaction privacy, which is offered by Monero.
meowkit 5y ago
So what you’re saying is that this random pdf website is the ultimate say on what Ethereum is? Not maybe what the EF has to say? https://ethereum.org/en/what-is-ethereum/ https://ethereum.org/en/what-is-ethereum/
michaelsbradley 5y ago
> running a full node is practically impossible Can you elaborate? I found it super easy to setup a full (non-mining) ETH1 node on an Intel NUC running Ubuntu. And on the same NUC I’m running two validator nodes on the ETH2 mainnet, which together have earned about 3 ETH in rewards so far. The NUC is hooked to a cable Internet connection at home, nothing fancy.
- zionic 5y ago
  The above comment is based on a disproven conspiracy theory that claims no one knows the true number of ETH in existence, and misinformation that a single client (of many) failing to sync for ~6 hours after an upgrade was a problem with Ethereum.

3 ms·

Cash flow is for businesses. Ethereum doesn’t know what it is. The rules are always changing, running a full node is practically impossible, and issuance is al

by zoshi 5y ago

deleted 5y ago
[deleted]
tim333 5y ago
It could be a case of the perfect is the enemy of the good though. I mean Ethereum isn't perfect but not much else is either.
- zoshi 5y ago
  If I’m going to stick my savings in a cryptocurrency, I want the network to be stable for the foreseeable future (and be private, but that’s another story).
  - jakupovic 5y ago
    You can have your own network/blockchain but none would pay for it. Hence the problem.
    - zoshi 5y ago
      By “private” I meant transaction privacy, which is offered by Monero.
meowkit 5y ago
So what you’re saying is that this random pdf website is the ultimate say on what Ethereum is? Not maybe what the EF has to say? https://ethereum.org/en/what-is-ethereum/ https://ethereum.org/en/what-is-ethereum/
michaelsbradley 5y ago
> running a full node is practically impossible Can you elaborate? I found it super easy to setup a full (non-mining) ETH1 node on an Intel NUC running Ubuntu. And on the same NUC I’m running two validator nodes on the ETH2 mainnet, which together have earned about 3 ETH in rewards so far. The NUC is hooked to a cable Internet connection at home, nothing fancy.
- zionic 5y ago
  The above comment is based on a disproven conspiracy theory that claims no one knows the true number of ETH in existence, and misinformation that a single client (of many) failing to sync for ~6 hours after an upgrade was a problem with Ethereum.