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by legolassexyman 3263 days ago
Ethereum's main selling point is it lets you issue illegal unregistered securities. Why would a real company want to associate with that?

Also the lead developer is some kid who believes very much in moving fast and breaking things. This philosophy may work for a social network site but not for other people's money.

How many terrible bugs have been discovered in Ethereums short history? Too many. Additionally the size of its blockchain has already passed Bitcoin. It's file size is growing so fast and will pose a serious technical problem.

3 comments

Ethereum's main selling point is it lets you issue illegal unregistered securities. => Well that is the whole point of being decentralized. Anyone can do anything allowed by EVM.

Also the lead developer is some kid who believes very much in moving fast and breaking things. This philosophy may work for a social network site but not for other people's money. => Well they have improved significantly. There are 3 implementations - one each in cpp, go and py. There are multiple miner implementation. It is significantly more mature and many people involved. See https://github.com/ethereum/go-ethereum for example.

'terrible bugs'? there was one terrible bug a long time ago

Additionally the size of its blockchain has already passed Bitcoin. It's file size is growing so fast and will pose a serious technical problem. => Storage is not a problem. We get TB size drives now. Most people use online wallets. There are various pruning measures which reduce the size significantly. There are many proposals to handle scaling if it were to become bottleneck.

Also a very popular implementation in Rust.

https://parity.io/

Bitcoin is used for drugs, prostitution, and gambling.

That terrible bug was the DAO, but that's the nature of the blockchain and applies to Bitcoin as well. If you want rollbacks you use a centralized server.

Where can you pay for prostitutes with bitcoin? I've only ever seen cash and credit cards accepted.
I'm not familiar, but I know that 99% of the current startups that are using the ICO model are not targeting what made Bitcoin popular.
backpage accepts bitcoin. So do the girls who use backpage, as a result
Bitcoin was also used to fund development for Ethereum.
Wow, if this were Wikipedia you'd get a few "citation needed"