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by Yuioup 1373 days ago
3 posts about this nonsense on the front page. Can we please stop destroying the planet with this global pyramid scheme?

Seriously why isn't there a UN summit to tackle the Crypto problem?

3 comments

"Eschew flamebait. Avoid generic tangents."

https://news.ycombinator.com/newsguidelines.html

Not a big fan of crypto, but at least the ethereum chain is building a very interesting stack of technologies (smart contract, token, etc).

If any major crypto project has the chance of one day becoming useful at anything, my bet would be on this one.

Bitcoin has almost the same capabilities for smart contracts, except loops! Tokens can be implemented as well, see https://en.bitcoin.it/wiki/Colored_Coins

I am with Hal Finney here: Any successful replacement of the Bitcoin block chain will forever undermine the credibility of any successor. How is an investor to know that it won't happen again?

Rebooting now may benefit a few thousand early adopters. What happens when hundreds of millions use Bitcoin 2? They'll be just as jealous and envious of you as you are of others. Given the precedent you want to set, how will you argue against yet another reboot?

There is no point in ETH except making money.

Why replace? It's not a winner-takes-all game.
Well at least now they don’t use as much power.
Based on parent comment, guess that wasn’t really the issue for the authoritarians.