Ethereum is an idiotic, unscalable idea that has neither delivered on its “world computer” promise, nor created any useful decentralised apps with any real use, nor created a robust and scalable decentralised system.
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It’s filled with “not invented here” syndrome where they’ve done things in an alternate way, not because it’s a good idea, but simply because they can’t possible be “like Bitcoin”. Examples of this include a 12 second block time whilst rewarding orphaned miners (uncle blocks).
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Similarly, they think they can make Proof of Stake robust and secure (despite all evidence to the contrary), and instead of merely researching the idea they start with Proof of Work and add a “difficulty bomb” that will make PoW mining impossible and force them to activate PoS!
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And their “boil the ocean” strategy has accomplished nothing. One Ethereum development company, Consensys, has over 1000 employees. That means they have more employees than EVERY decentralised app on Ethereum bar two (which barely have over 1000 users)!https://dappradar.com/dapps
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You and I both know that the best way to build a secure decentralised system is to start with first principles: use stuff that is proven, and demonstrably robust, and then build on that. Stuff like Lightning Network on top of Bitcoin does exactly that. Ethereum does not.
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? Layer 2 needed for bitcoin but layer 2 for ether not needed? What exactly is the point of this argument when you are yourself saying layer 2 can handle it like in btc. Out of all ppl you know well LN is not the OG scalability solution just the right one.
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Ethereum hasn’t layered “smart contracts” on to a stable base, that’s the point I’m making.
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They should have built on top of bitcoin? I agree, but when it was conceived there wasnt a lot of choice. Layer 2 ideas were very new or not available. Maybe give them same time as bitcoin to grow? Then pass sweeping judgement?
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Underground Satellite Nodes (circulating the globe in Hyperloop transit systems)


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I don't believe it's an 'idiotic idea' necessarily. It would be easy to gloat, but I won't (I remember the guy shoving it down my throat, insisting eth would grow far more important and asset value than btc :-)
I do like 'Lightning Net', best scalable layer so far!Thanks. Twitter will use this to make your timeline better. UndoUndo
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You should smile more you look so srs lady
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To me that experiment should start with Ethereum being made a proof-of-stake blockchain instead of proof-of-work. To lessen the computational burden.
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Isn't gas its essence, at least in economic sense?
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