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> ETH is still a legitimate technology with real use cases. what would be an example of a real use-case that ETH does well? The core promise of ETH is smart co

> ETH is still a legitimate technology with real use cases. what would be an example of a real use-case that ETH does well? The core promise of ETH is smart contracts and that code is somehow "law". But that got exposed for the idiotic reasoning that it was and went out of the window when they had to hard-fork in 2017. No matter what they did since then to improve the old pre-2017 ETH nobody can tell me that bugs don't happen and if they do on this scale then human intervention in inevitable. This is however contra the promise that everything is decentralized by design and not under control of a single actor. Then there are the countless promises about its potential driven up by Gavin Wood & Vitalik Buterin that in hindsight look just like stalling for more time to ensure further funding rounds. Woods & Buterin are both scammers that extracted millions from their mark. And they were able to do so because they have the technical background to pull it off and are also slightly smarter than the average mobbed-up shit-coin peddler like Dr. Ruja Ignatova or that Australian Satoshi-cosplaying clown Craig Wright. ETH maybe hasn't been exposed as a scam yet but it is still an example of "fake it till you make it" at all cost and is in the same territorry as "Theranos", "Inventing Anna" - a series of broken promises, stalling techniques for more funding and lost egos of the founders who think of themselves as too big to fail.

granddemolisher 4y ago
> This is however contra the promise that everything is decentralized by design and not under control of a single actor This is still decentralized because people need to coordinate to make a change. Decentralisation doesn't mean a system without human deciding what happens. It just means decentralisation of the power between the participants and ability to enter the room without creditionalism.
- tigershark 4y ago
  But it demonstrated beyond any reasonable doubt that code is not law since they breached that law with the hard fork.
  - barnabee 4y ago
    That’s more of a demonstration that code is law but laws can change by the consensus of the participants, measured transparently and verifiable by their willingness to mine the fork. That was the system working as intended, even if not everyone in the community agrees with it.
    - aaaaaaaaata 4y ago
      I'd say it was more like committing secrets Into an early alpha repo... understandable at that stage of the project, likely never to be repeated.
larma 4y ago
> nobody can tell me that bugs don't happen They do happen. And whenever someone does make use of them, that's considered unlawful - which is absurd considering that the bug is part of the code and thus part of the law.
Jommi 4y ago
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granddemolisher 4y ago

> This is however contra the promise that everything is decentralized by design and not under control of a single actor This is still decentralized because people need to coordinate to make a change. Decentralisation doesn't mean a system without human deciding what happens. It just means decentralisation of the power between the participants and ability to enter the room without creditionalism.

tigershark 4y ago
But it demonstrated beyond any reasonable doubt that code is not law since they breached that law with the hard fork.
- barnabee 4y ago
  That’s more of a demonstration that code is law but laws can change by the consensus of the participants, measured transparently and verifiable by their willingness to mine the fork. That was the system working as intended, even if not everyone in the community agrees with it.
  - aaaaaaaaata 4y ago
    I'd say it was more like committing secrets Into an early alpha repo... understandable at that stage of the project, likely never to be repeated.

larma 4y ago

> nobody can tell me that bugs don't happen They do happen. And whenever someone does make use of them, that's considered unlawful - which is absurd considering that the bug is part of the code and thus part of the law.

Jommi 4y ago

cross border multi currency accounts and transfers