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I emphasize with the arguments here but I differ in my conclusion for two reasons. 1. I don't own just Ethereum, its not a boat that I'm riding in, its one of

by Sevii 5y ago

I emphasize with the arguments here but I differ in my conclusion for two reasons. 1. I don't own just Ethereum, its not a boat that I'm riding in, its one of many gambles I'm making. 2. The Ethereum network has generated a ton of really good stuff (Smart Contracts, DEFI, NFTS, IPFS, ENS, etc) despite whatever governance problems it has. Cryptocurrencies are far from mature. There is no guarantee eth and btc will still be valuable in 10 years. They could be replaced entirely by new chains with different software.

caf 5y ago
Even when gambling, I don't gamble on a crooked table.
- elevenoh 5y ago
  I've gambled a lot. But honestly: No playing field has been as level/fair as that of crypto. The nature of crypto means 'The house' is more transparently verifiable & cost-efficient than.. anything else. Be it tokens, prediction markets, nft markets etc. It seems to be the one place where disconnected individuals anywhere on earth with little but an internet connection can get a decent seat at the economic table.
latchkey 5y ago
10 years ago I didn't think bitcoin would be here today. Yet, here we are. If we waited for everything to be mature, then we wouldn't have used web browsers in the early days. I remember when people were afraid to put a credit card into a website. Bitcoin and ETH won't get replaced for the same reasons we ended up with Hacker News, Facebook, Google, Apple, Ebay, Amazon... network effects are amazingly strong. Bitcoiners use the phrase: "The next bitcoin is bitcoin."
- sanderjd 5y ago
  It's hard to know when something is Facebook, Google, Apple, or Amazon vs. when it's MySpace, AOL, Palm, or pets.com!
  - latchkey 5y ago
    If you put it that way, then that explains all of the failures before bitcoin, of which there were many 'digital cash' attempts.
kristofferR 5y ago
IPFS isn't connected to Ethereum as far as I know.
automatic6131 5y ago
> The Ethereum network has generated a ton of really good stuff (Smart Contracts, DEFI, NFTS, IPFS, ENS, etc) Did you miss out the word "exluding" at the beginning of that list?

by Sevii 5y ago

caf 5y ago

Even when gambling, I don't gamble on a crooked table.

elevenoh 5y ago
I've gambled a lot. But honestly: No playing field has been as level/fair as that of crypto. The nature of crypto means 'The house' is more transparently verifiable & cost-efficient than.. anything else. Be it tokens, prediction markets, nft markets etc. It seems to be the one place where disconnected individuals anywhere on earth with little but an internet connection can get a decent seat at the economic table.

latchkey 5y ago

10 years ago I didn't think bitcoin would be here today. Yet, here we are. If we waited for everything to be mature, then we wouldn't have used web browsers in the early days. I remember when people were afraid to put a credit card into a website. Bitcoin and ETH won't get replaced for the same reasons we ended up with Hacker News, Facebook, Google, Apple, Ebay, Amazon... network effects are amazingly strong. Bitcoiners use the phrase: "The next bitcoin is bitcoin."

sanderjd 5y ago
It's hard to know when something is Facebook, Google, Apple, or Amazon vs. when it's MySpace, AOL, Palm, or pets.com!
- latchkey 5y ago
  If you put it that way, then that explains all of the failures before bitcoin, of which there were many 'digital cash' attempts.

kristofferR 5y ago

IPFS isn't connected to Ethereum as far as I know.

automatic6131 5y ago

> The Ethereum network has generated a ton of really good stuff (Smart Contracts, DEFI, NFTS, IPFS, ENS, etc) Did you miss out the word "exluding" at the beginning of that list?