Topic: [2016-09-26] Gavin Andressen: Ethereum to replace bitcoin - page 2. (Read 1777 times)

wow, so his proposals were rejected so now he is bashing bitcoin by supporting a centralized manipulated altcoin with 90% premine that is too low even for Gavin.

besides from the time he supported Craig Wright and was too stupid to see the fake signature (or it may even be the plan all along) i stopped listening to what he says!

When i made a reference last night this is EXACTLY what i was talking about..


Gavin can blow me ..he is a fucking fraud.

Did you all know he used to get a 1 million dollar a year salary paycheck from the Bitcoin foundation ?

If there was ever an example of "Power Corrupts"..

This guy got greedy & sleazy.  

PS:
Who and what did he rat out to the FBI before ?

"Gavin Andresen believes that the Ethereum network will challenge and eventually replace bitcoiN"

PRESStitTUTE

new game for how many XXX.xxxxxxxx BTC will Gavin Andresen swallow a sound bite?
only MIT knows

















PressTITtute

don't give a F about your political view
est. 2007 set to expire in 2016
PressTITtute done well

I think, he might have sold his Bitcoin and invested in Ethereum and if he can hype Ethereum enough, he might make some good profits. The thing is, only a small percentage of people still acknowledge his credibility and integrity. Like Mike Hearn, he jumps from the one thing to the next, hoping to survive.

When Eth is hyped up enough, he will dump his coins and invest in something else and then hype that up. Rinse and repeat. ^hmmmmm^

He's not really doing his rep many favours lately. He's correct that unless Bitcoin pulls its finger out to do something about scaling then it's going to be left in the dust. That's just straightforward supposition.

ETH? Nigger, please. That's looking creakier by the day. Ultimately it'll be one of many that paves the way to something that really addresses the prime gripes. Perhaps that'll be a recharged BTC. I think I'd rather put my money into something more dependable than ETH such as ostrich farms.

From the article:
Gavin Andressen's point with respect to the blocksize limit in Bitcoin is or course correct, but Ethereum does not actually provide the answer here. One can actually compare Ethereum to Bitcoin with an unlimited blocksize combined with fixed fees for a transaction of a given size defined in the protocol. This model does actually allow the blocksize to scale, but this comes at the expense of tying the value of the currency to the value of computing resources.  This is like using RAM modules or CPUs as money. The result of this is hyper inflation. One can think of a large number of Ethereum clones filling the need effectively driving down the purchasing power.

Monero does have an adaptive blocksize and the total fees per block, are effectively tied to the emission. https://bitcointalksearch.org/topic/m.16310999 The crucial difference between Monero and Ethereum is that in the case of Monero it is total fees per block, rather than the fees per transaction of a given size, that are set. This means that as the number of transactions per block increases the fees per transaction fall proportionally in Monero but do not in Ethereum.

While the article does identify Monero "as a more sensible comparison" it does not mention this critical point.

Edit: There are a host of attack vectors possible with a fixed fee model, if the the fees are dominant over the emission. In many of these cases these attacks involve the "out of bound payment" of rebates by the miners.

Gavin believes a lot of things.

He believed a con-man was satoshi.

He believed that Mike Hearn was a trustworthy contributor.

And now he believes some garbage about Ethereum.

I'll give him A's for being consistent, at least.... what a joke.

Gavin Andressen: Ethereum to replace bitcoin
Computer scientist and bitcoin developer Gavin Andresen believes that the Ethereum network will challenge and eventually replace bitcoin as its scaling capability and blockchain size exceeds those of bitcoin.
http://www.coinfox.info/news/6464-gavin-andressen-ethereum-to-replace-bitcoin