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Ether is sufficient. Or will be, anyway. Consensus matters, we can't just keep switching this tech. Going from BTC to ETH made sense, because BTC is too primit
by sinity 4y ago
Ether is sufficient. Or will be, anyway.
Consensus matters, we can't just keep switching this tech. Going from BTC to ETH made sense, because BTC is too primitive & its community doesn't want to change that.
Ether will have low fees too, when it scales. See "The Limits to Blockchain Scalability" https://vitalik.ca/general/2021/05/23/scaling.html https://vitalik.ca/general/2021/05/23/scaling.html
- mandmandam 4y agoPeople in here are really doing their best to prove my point. Block lattice > block chain; the numbers don't lie. Ether was and is interesting, but it is outdated. There are other DAGs that allow for coding, so please don't make a comparison to Nano which doesn't try to be an Ethereum competitor. Yes, consensus matters. that's why I gave "first mover" such importance in my comment. However, the tech limitations are growing every day. People can't keep burning crude all the time; and solar gets cheaper and more prevalent by the day - wait, I made this analogy already. Well, it still holds.
- vkou 4y ago> we can't just keep switching this tech. Why? Why not keep switching until you find something that doesn't suck? Because a bunch of speculators who were buying in with hopes of owning the entire financial system of the future are going to be ruined?