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> -This- is what people mean when they say such a system cant work in practice Not sure what you are talking about. First of all I did not argue whether smart

> -This- is what people mean when they say such a system cant work in practice Not sure what you are talking about. First of all I did not argue whether smart contracts have benefits (the thread was about L2 chains in the ETH context and whether that was overengineered). Secondly, I would suggest you try ETH out. With the bubble over, gas fees are back to reasonable values. Buy a hundred bugs of ETH on Coinbase, move that to your Coinbase wallet and store some of it in the AAVE lender contract. While you might lose about $10 in gas fees and Coinbase fees, you’ll earn an interest rate on a decentralized network not involving banks. I found that pretty cool when I tried it for my first time. The test may be more fun if you happen to know sb willing to sell you ETH directly and guide you through the ramp up phase.

ShamelessC 4y ago
I bought 10$ of ETH once about a year ago in the hopes that I could donate to some developers on GitHub. I never used it, and certainly wouldn't hold it for speculation as that is just pumping US cash dollars into a system full of people trying to cash out on a greater fool's scheme. Anyway, doesn't seem like we are going to see eye-to-eye and no one has the energy to refute the complex uselessness that is crypto-currency. Dan Olson did a better job than I ever could - https://youtu.be/YQ_xWvX1n9g https://youtu.be/YQ_xWvX1n9g case in point, this fun little copy-pasta you've given us: "Secondly, I would suggest you try ETH out. With the bubble over, gas fees are back to reasonable values. Buy a hundred bugs of ETH on Coinbase, move that to your Coinbase wallet and store some of it in the AAVE lender contract. While you might lose about $10 in gas fees and Coinbase fees, you’ll earn an interest rate on a decentralized network not involving banks. I found that pretty cool when I tried it for my first time. The test may be more fun if you happen to know sb willing to sell you ETH directly and guide you through the ramp up phase. " My favorite part about this is that you deliberately explain _none_ of it (don't worry, I'm really not interested). Do you really think average people know what all this is? Or are you just hoping they'll ask so you can cheerlead each concept individually?
- G3rn0ti 4y ago
  > My favorite part about this is that you deliberately explain _none_ of it Have you ever tried to explain what a bank account is to a person who’s never used money? Alternatively, had you tried to explain what the World Wide Web is supposed to be about to a boomer back in the 90s? Then maybe you begin to understand how I feel when interacting with people like you.
  - ShamelessC 4y ago
    > Appeals to “the potential for innovation” are always amorphous and hand-wavy rhetorical gestures towards the potential for some tech that could exist but which we don’t fully understand the implications of. However bitcoin is a technology which did not arise out of an engineering effort directed towards a specific problem or market inefficiency, but instead out of a anarchist political narrative that views democratic control of the money supply and law enforcement as the problem. (from https://www.stephendiehl.com/blog/non-innovation.html https://www.stephendiehl.com/blog/non-innovation.html)
    - omniglottal 4y ago
      It's easy to move goalposts when you don't know the rules of the game.

ShamelessC 4y ago

I bought 10$ of ETH once about a year ago in the hopes that I could donate to some developers on GitHub. I never used it, and certainly wouldn't hold it for speculation as that is just pumping US cash dollars into a system full of people trying to cash out on a greater fool's scheme. Anyway, doesn't seem like we are going to see eye-to-eye and no one has the energy to refute the complex uselessness that is crypto-currency. Dan Olson did a better job than I ever could - https://youtu.be/YQ_xWvX1n9g https://youtu.be/YQ_xWvX1n9g case in point, this fun little copy-pasta you've given us: "Secondly, I would suggest you try ETH out. With the bubble over, gas fees are back to reasonable values. Buy a hundred bugs of ETH on Coinbase, move that to your Coinbase wallet and store some of it in the AAVE lender contract. While you might lose about $10 in gas fees and Coinbase fees, you’ll earn an interest rate on a decentralized network not involving banks. I found that pretty cool when I tried it for my first time. The test may be more fun if you happen to know sb willing to sell you ETH directly and guide you through the ramp up phase. " My favorite part about this is that you deliberately explain _none_ of it (don't worry, I'm really not interested). Do you really think average people know what all this is? Or are you just hoping they'll ask so you can cheerlead each concept individually?

G3rn0ti 4y ago
> My favorite part about this is that you deliberately explain _none_ of it Have you ever tried to explain what a bank account is to a person who’s never used money? Alternatively, had you tried to explain what the World Wide Web is supposed to be about to a boomer back in the 90s? Then maybe you begin to understand how I feel when interacting with people like you.
- ShamelessC 4y ago
  > Appeals to “the potential for innovation” are always amorphous and hand-wavy rhetorical gestures towards the potential for some tech that could exist but which we don’t fully understand the implications of. However bitcoin is a technology which did not arise out of an engineering effort directed towards a specific problem or market inefficiency, but instead out of a anarchist political narrative that views democratic control of the money supply and law enforcement as the problem. (from https://www.stephendiehl.com/blog/non-innovation.html https://www.stephendiehl.com/blog/non-innovation.html)
  - omniglottal 4y ago
    It's easy to move goalposts when you don't know the rules of the game.