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The smart contract model makes it useful beyond just "purchasing things" (as the unimaginative would say. Yes that's a dig at you senatorobama). The EVM (despit
by patryn20 9y ago
The smart contract model makes it useful beyond just "purchasing things" (as the unimaginative would say. Yes that's a dig at you senatorobama). The EVM (despite it's implementation flaws) makes it's uses practically limitless.
Bitcoin...is an impractical, user-unfriendly first mover. Ethereum is the flawed second mover (ok, I'm discounting all the silly coins in between). I'm honestly not sure who the ultimate winner is.
Unless the Bitcoin or Ethereum community fundamentally changes, it likely won't be them.
- earlz 9y agoI'm involved, in this space and agree. Though to play devil's advocate, smart contracts (especially since Ethereum is soon adding zk-snarks) also allow for more sophisticated ways to commit crimes. But yes, I definitely think that smart contracts are the next move forward for this space. Dumb money transfer is a really awesome thing, but it's also quite small. Bitcoin does have some smart contract-ish functionality, but it's incredibly difficult to use, and so is for the most part useless outside of niche applications.
- patryn20 9y agoAs I said, Ethereum is fundamentally flawed. And the implementation was...naive. It is a giant liability to all those who use it. I'm very excited for the space. Just not for the current currencies.
- earlz 9y agoHeh, you don't need to tell me about it. If you like reading rants, I wrote one a while back over why the Ethereum Virtual Machine's core design is flawed to the very core http://earlz.net/view/2017/08/13/0451/the-faults-and-shortcomings-of-the-evm http://earlz.net/view/2017/08/13/0451/the-faults-and-shortco...