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by josephagoss 3035 days ago
I think that if half of their ideas could actually work and be secure, it would be a good thing. If IOTA was a real thing for example I would happily be apart of that community. Unfortunately it's a total waste of time. I remember avoiding IOTA early on due to the arrogance of the founders, I really didn't like their tune.

I know most of Hackernews hates Ethereum, but I really like Ethereum and their ideals, although I am mostly anti ICO. I'd prefer most of these DAPP ideas to be using ETH and not yet another token.

3 comments

Even though I'm also more of a cryptocurrency-skeptic (though mostly in regards to their utility vs. the environmental cost of proof-of-work), one thing I appreciate about Ethereum is that its design decisions and the building blocks of the system seem to be well-documented on their Wiki and have at least some academic rigor to them. This already differentiates them from stuff like IOTA.
> Hackernews hates Ethereum

It does? I admit I'm pretty ignorant of the nuances of all the little alt coins, but I know Ethereum has something to do with distributed applications, with a VM, and I've always thought that cool in the abstract. (though I have no idea what I'd do with it.)

Just probing for information, not trying to have any "tone", do you know what the distaste for Ethereum is rooted in?

I never got the impression that HN “hates” Ethereum, but I will say that the primary language used for writing smart contracts on the Ethereum blockchain has some disconcerting properties.

https://news.ycombinator.com/item?id=14810008

It is still not entirely clear to me how much of these things are problems with Solidity (name of said language) only, or if any of those issues are core to the Ethereum Virtual Machine (EVM) itself.

I remain hopeful that other languages targeting the EVM will bring to fruition the full potential of Ethereum in a safer manner.

https://medium.com/@Hibryda/why-solidity-isnt-solid-3341af77...

Also some people dislike the fact that Ethereum is executing every program for every message on every blockchain node. I agree that it would be better if it didn’t have to do so but I don’t know how it could be avoided in a distributed trustless system.

https://www.multichain.com/blog/2015/11/smart-contracts-good...

EVM has core semantics issues too that lead to easy to make errors.
What is a "real thing"?

Like Bosch using IOTA to build smart cities in China?

https://twitter.com/BoschPresse/status/968479596868980737

Name say, four of these smart cities they've built with IOTA, those would be real things. In contrast, even though the city council is a real thing, and candidates for city councillor are real people, and the leaflets through my door are real pieces of paper, the pictures of a would-be councillor "Yogic flying" do not mean that it's actually possible to levitate using the power of your mind. Yogic Flying is not a real thing in the sense we mean.
Link does not reference IOTA?
It references @iotatoken which is the official twitter feed for IOTA.
Did they retract the tweet? The link now 404s.
Yes. Tweet appears to have been deleted in the last few hours.

The reddit shill story I linked to is also showing as [REMOVED], but someone in this thread found the archive.is link for that shill story and posted it in this thread.

Here it is. http://archive.is/vvwl5