edward_monahan

4 ms·

1. 1.▲
   by edward_monahan 9y ago

   So is Ethereum's VM simply not Turing complete, then? :) Since by its nature it can not possibly compute every Turing-computable function. If so, why was it even advertised as such? edit: Haha okay, so I guess I'm not the only per
2. 2.▲
   by edward_monahan 9y ago

   > A better question is -- why are there so many currencies to begin with? Why isn't there a single currency that everybody uses? Groups of people live in bordered countries and like to have their own currencies for their own countri
3. 3.▲
   by edward_monahan 9y ago

   The halting problem in essence states that no algorithm can exists which determines whether or not a given algorithm will terminate given some input. Ethereum makes the assumption that given a user-defined algorithm and a user-defined input
4. 4.▲
   by edward_monahan 9y ago

   > There's a significant difference between the social consensus you use to pick Bitcoin and the social consensus that you use to resolve a proof of stake fork. With Bitcoin, you choose it once and then it's stable forever. A go
5. 5.▲
   by edward_monahan 9y ago

   Here is the irony in blockchain and computerized value systems in general: value is a collective social phenomenon. There is no way to avoid social consensus when creating a value exchange system between participants. In Bitcoin, it's