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by bsaul 1373 days ago
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.

1 comments

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.