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Ethereum is solving the layer 1 energy problem with PoS, and solving scaling with sharding, L2's, and new types of zero knowledge proofs. As someone watching t

Ethereum is solving the layer 1 energy problem with PoS, and solving scaling with sharding, L2's, and new types of zero knowledge proofs. As someone watching the space since the beginning, imho, Ethereum has it in the bag.

jimkleiber 5y ago
I'm really curious, because I'm often much more cautious and qualified in how I speak, why do you seem to be 100% certain that Ethereum is solving and has it in the bag? Do you have zero doubt? Do you have a lot of doubt and speak so certainly to mask your own self-doubt? Do you have a lot of money riding on it being successful therefore afraid Ethereum won't solve the problem? Maybe none of those things or a combo? I really really struggle to know why people speak about such things with near certainty and maybe you won't answer but I hope you do and help me see what may contribute to you expressing such certainty.
- Zamicol 5y ago
  I feel that I'm usually pretty cautious with my "bets". I would not have bet Microsoft would be implementing Linux in any capacity in 2021, even though I would consider myself a Linux fanboy since ~2002. I have zero doubt. It's like debating if the sky is neon pink or blue. They're way ahead of everyone else. Take just fees. https://cryptofees.info/history/2021-11-11 https://cryptofees.info/history/2021-11-11. Ethereum is doing 77x Bitcoin, and that's excluding three other Ethereum projects ahead of Bitcoin. I can express doubt about the success of something doing 2x of a market leader. I can't justify tempering my certainty when it's slaughtering its market peers.
  - jimkleiber 5y ago
    I think if I were to say I had no doubts and were 100% certainty about anything it would be that it is impossible to be 100% certain (even I qualified that with "I think if I were to say"). I can agree that they might be ahead in their development of new ways to address energy challenges or gas challenges or other challenges compared to other platforms, yet still struggle to imagine you have no doubt. Maybe I just consider too many variables that could come into play, such as government regulation, chilling effects, global wars, deaths of leaders, etc., that could throw off the inevitability of something achieving something in the future. To be fair, those and other variables could make it even more likely that Ethereum or cryptocurrencies in general will solve those problems, I just don't see it as 100% yes or 100% no. Maybe I'm just built different. That being said, I didn't know that Ethereum had such a discrepancy in terms of fee transactions compared to BTC, so I'm grateful you pointed that out and I could learn more about that aspect—thank you.

jimkleiber 5y ago

I'm really curious, because I'm often much more cautious and qualified in how I speak, why do you seem to be 100% certain that Ethereum is solving and has it in the bag? Do you have zero doubt? Do you have a lot of doubt and speak so certainly to mask your own self-doubt? Do you have a lot of money riding on it being successful therefore afraid Ethereum won't solve the problem? Maybe none of those things or a combo? I really really struggle to know why people speak about such things with near certainty and maybe you won't answer but I hope you do and help me see what may contribute to you expressing such certainty.

Zamicol 5y ago
I feel that I'm usually pretty cautious with my "bets". I would not have bet Microsoft would be implementing Linux in any capacity in 2021, even though I would consider myself a Linux fanboy since ~2002. I have zero doubt. It's like debating if the sky is neon pink or blue. They're way ahead of everyone else. Take just fees. https://cryptofees.info/history/2021-11-11 https://cryptofees.info/history/2021-11-11. Ethereum is doing 77x Bitcoin, and that's excluding three other Ethereum projects ahead of Bitcoin. I can express doubt about the success of something doing 2x of a market leader. I can't justify tempering my certainty when it's slaughtering its market peers.
- jimkleiber 5y ago
  I think if I were to say I had no doubts and were 100% certainty about anything it would be that it is impossible to be 100% certain (even I qualified that with "I think if I were to say"). I can agree that they might be ahead in their development of new ways to address energy challenges or gas challenges or other challenges compared to other platforms, yet still struggle to imagine you have no doubt. Maybe I just consider too many variables that could come into play, such as government regulation, chilling effects, global wars, deaths of leaders, etc., that could throw off the inevitability of something achieving something in the future. To be fair, those and other variables could make it even more likely that Ethereum or cryptocurrencies in general will solve those problems, I just don't see it as 100% yes or 100% no. Maybe I'm just built different. That being said, I didn't know that Ethereum had such a discrepancy in terms of fee transactions compared to BTC, so I'm grateful you pointed that out and I could learn more about that aspect—thank you.