Andreas M. Antonopoulos is "bullish on Ethereum" - page 4.

iamnotback

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Quote from: ArticMine on June 19, 2016, 04:06:52 PM

Quote from: iamnotback on June 19, 2016, 03:50:46 PM

...
Bitcoin can't validate the Counterparty invariants, thus Counterparty can't have decentralized consensus. Sorry you can't put smart contracts on the Bitcoin block chain. Rootstock is making a side-chain instead.

But the larger issue is scaling. And also of course the fact that Turing-complete scripts can blow up. To solve this, you need me. I've been working on the technological issues for 2 - 3 years.

A side chain is the proper way to do this, and it can be merged mined with the main chain. Scaling as we both know is a very serious issue so one has to start with a base coin that can scale on the main chain properly even before adding smart contracts. Then address the scaling issues of the smart contracts themselves.

Side-chains are insecure:

https://bitcoinmagazine.com/articles/side-chains-challenges-potential-1397614121
https://news.ycombinator.com/item?id=7613520
http://www.rootstock.io/blog/sidechains-drivechains-and-rsk-2-way-peg-design

My expectation is that Blockstream (+ the Chinese mining cartel) are going to either outright break or centralize the mining/control of Bitcoin. We need to be ready with something that works correctly for when they do.

iamnotback

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https://www.youtube.com/watch?v=RHcLKrkwPLQ#t=6854

Andreas M. Antonopoulos: "Congrats to Vitalik for not removing the possibility for personality worship".

WTF Huh

Vitalik has a groupie followers that worship him. Andreas worships Vitalik otherwise he wouldn't make such comparisons to George Washington. If anyone ever compares me and idols me, I will puke on their lap. This isn't about babbling talking heads, it is about a job that needs to be done and who is going to get it done correctly. Accolades are not needed.

Andreas makes the point that Ethereum can allow full exploration of the range of innovation because of the Turing-complete scripts, which Bitcoin can't do. So it seems he worships Ethereum because he thinks it is necessary for achieving maximum innovation.

Well I am going to try to teach Andreas that only some contracts are killer apps and those are the highest priority.

iamnotback

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Quote from: iamnotback on June 19, 2016, 04:14:58 PM

Quote from: toknormal on June 19, 2016, 03:35:48 PM

Quote from: Minecache on June 19, 2016, 03:18:57 PM

I'm with you and thanks for putting it more eloquently than I ever could. I invested in DAO and agree that it should cut its loses for now. I still believe in a DAO and all that it will stand for, basically giving the little man the opportunity to invest whee only VC funds could in the past. Why others are so virulently against this right is beyond me. One day I expect after all this is blown over there will be a DAO2.0. Just with better coders.

Also, I don't know if better coding is the answer ultimately. Things need to progress on the basis that smart contract code will fail, not that it won't. There are a huge amount of use cases where the value doesn't actually have to be held by the contract.

toknormal, very astute. That is indeed part of the solution.

Minecache, the problem with The DAO is not only bad code, but also the design was game theory broken as well.

Quote from: iamnotback on June 19, 2016, 04:22:39 PM

Quote from: Minecache on June 19, 2016, 04:20:57 PM

It's likely the DAO is currently too ahead of its time but I believe it will come.

No there is a mass market for it right now, but those Ethereum guys (including Vitalik's blogs about it) have the design entirely wrong conceptually. They are off in the entirely wrong direction conceptually. And that includes Devest and any one else copying The DAO's conceptual design. And I am not going to tell you how to do correctly until I have some code ready to launch.

Quote from: iamnotback on June 19, 2016, 05:02:30 PM

Quote from: Minecache on June 19, 2016, 04:30:48 PM

Quote from: iamnotback on June 19, 2016, 04:22:39 PM

Quote from: Minecache on June 19, 2016, 04:20:57 PM

It's likely the DAO is currently too ahead of its time but I believe it will come.

No there is a mass market for it right now, but those guys have the design entirely wrong conceptually. They are off in the entirely wrong direction conceptually. And that includes Devest and any one else copying The DAO's conceptual design. And I am not going to tell you how to do correctly until I have some code ready to launch.

No sorry I don't think the mass market is there right now. Just look at how many, supposed crypto currency supporters just hate on the DAO and are happy to see it fail just because they can't comprehend it. This is internet 1993. "Why do we need this?" It needs to be sold to the doubters before mass market appears. I.e. There were only circa 20,000+ DAO investors in total. And I knew 3 of them.

The problem is the way of, and the design of what you are, marketing. I will show you how to do it.

Specifically marketing a delusion broken design to n00bs, instead of marketing a seriously beneficial product to those who can use it for revolutionizing corporations.

Minecache

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Quote from: bitcoinlitcoinbtcltc on June 19, 2016, 03:55:17 PM

Quote from: Minecache on June 19, 2016, 03:38:37 PM

Quote from: bitcoinlitcoinbtcltc on June 19, 2016, 03:31:48 PM

Quote from: TravelsAsia on June 19, 2016, 03:02:11 PM

Quote from: bitcoinlitcoinbtcltc on June 19, 2016, 02:38:55 PM

Lol! He is one of the small dicked IDIOTS who bought Ethereum, and now he hopes people will buy his CRAP Cheesy

ETHEREUM IS FINISHED

Lost all of its credibility

Only valuable among IDIOTS

If you spent more time attacking issues than people with rude comments, you might be taken more serious. I'm even willing to overlook the litecoin in your name.

There is no ''litecoin'' in my name you tard Cheesy

LTC denotes Litecoin as you well know. Enjoy your years of bag hodling.

What it denoates doesnt matter. You thought there was litecoin in my name, whereas in fact its litcoin . Which makes you a tard Cheesy

What it denotes does matter because you are trying to conflict the argument when it's clear to all that your name references a couple of crypto currency. We can only offer our condolences that you decided on such currencies and name.

Ps. It wasn't only me who thought this, as I wasn't the original person. So get a grip and stand up for your beliefs and currencies. FFS.

ArticMine

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Quote from: iamnotback on June 19, 2016, 03:50:46 PM

...
Bitcoin can't validate the Counterparty invariants, thus Counterparty can't have decentralized consensus. Sorry you can't put smart contracts on the Bitcoin block chain. Rootstock is making a side-chain instead.

But the larger issue is scaling. And also of course the fact that Turing-complete scripts can blow up. To solve this, you need me. I've been working on the technological issues for 2 - 3 years.

A side chain is the proper way to do this, and it can be merged mined with the main chain. Scaling as we both know is a very serious issue so one has to start with a base coin that can scale on the main chain properly even before adding smart contracts. Then address the scaling issues of the smart contracts themselves.

Bit_Happy

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A Great Time to Start Something!

Quote from: bitcoinlitcoinbtcltc on June 19, 2016, 02:38:55 PM

Lol! He is one of the small dicked IDIOTS who bought Ethereum, and now he hopes people will buy his CRAP Cheesy

ETHEREUM IS FINISHED

Lost all of its credibility

Only valuable among IDIOTS

Sorry guys, I have no history of ever making this type of post:

iamnotback

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Activity: 336

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Quote from: Wosterlee on June 19, 2016, 03:59:55 PM

BitBay?

You can read my discussion with Zimbeck:

https://bitcointalksearch.org/topic/m.14358400

And my doubts about the technology:

https://bitcointalksearch.org/topic/m.14369688

And where I punted:

https://bitcointalksearch.org/topic/m.14406290

But Bitbay is for selling goods. Not for investing in projects. I was thinking about a competitor to the DAO, because surely they will relaunch that broken game theory DAO concept again.

Wosterlee

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Quote from: iamnotback on June 19, 2016, 02:30:17 PM

https://www.youtube.com/watch?v=RHcLKrkwPLQ#t=6495

"What is the difference between a government or bank which decides to override the free market, and a block chain that does the same?"

Attorney Brian Klein: "People will pick block chains so to speak based on do they want whether someone can intercede or do they want it more autonomous. Bitcoin seems to be more hands off right, and if Ethereum gets more hands on, that is going to change the perception of the people who are investing and building it. So I think maybe there will be a third block chain (that sort of a third ledger or whatever you want to call it) that rises because it offers a different variable. People will pick what they want."

Who will produce that block chain that offers what the market wants from smart contracts and DAOs, yet which is hands off and has better safer technology?

(I think I know who will)

https://bitcointalksearch.org/topic/m.15273183

BitBay?

bitcoinlitcoinbtcltc

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Quote from: Minecache on June 19, 2016, 03:38:37 PM

Quote from: bitcoinlitcoinbtcltc on June 19, 2016, 03:31:48 PM

Quote from: TravelsAsia on June 19, 2016, 03:02:11 PM

Quote from: bitcoinlitcoinbtcltc on June 19, 2016, 02:38:55 PM

Lol! He is one of the small dicked IDIOTS who bought Ethereum, and now he hopes people will buy his CRAP Cheesy

ETHEREUM IS FINISHED

Lost all of its credibility

Only valuable among IDIOTS

If you spent more time attacking issues than people with rude comments, you might be taken more serious. I'm even willing to overlook the litecoin in your name.

There is no ''litecoin'' in my name you tard Cheesy

LTC denotes Litecoin as you well know. Enjoy your years of bag hodling.

What it denoates doesnt matter. You thought there was litecoin in my name, whereas in fact its litcoin . Which makes you a tard Cheesy

iamnotback

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Activity: 336

Merit: 265

Quote from: ArticMine on June 19, 2016, 03:48:33 PM

There is Counterparty https://www.cryptocoinsnews.com/counterparty-brings-ethereum-smart-contracts-to-the-bitcoin-blockchain/. Does anyone thing that Bitcoin will hard fork to accommodate a failed Counterparty Ethereum smart contract? Of course one does not have even have to use Bitcoin as the base chain for Counterparty.

Bitcoin can't validate the Counterparty invariants, thus Counterparty can't have decentralized consensus. Sorry you can't put smart contracts on the Bitcoin block chain. Rootstock is making a side-chain instead.

But the larger issue is scaling. And also of course the fact that Turing-complete scripts can blow up. To solve this, you need me. I've been working on the technological issues for 2 - 3 years.

ArticMine

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Quote from: iamnotback on June 19, 2016, 02:49:57 PM

Quote from: ?? on ??

Quote from: Minecache on June 19, 2016, 02:44:44 PM

Quote from: bitcoinlitcoinbtcltc on June 19, 2016, 02:38:55 PM

Lol! He is one of the small dicked IDIOTS who bought Ethereum, and now he hopes people will buy his CRAP Cheesy

ETHEREUM IS FINISHED

Lost all of its credibility

Only valuable among IDIOTS

You have ZERO idea what his investment portfolio or purchase history is so quit trying to FUD the facts. AA has more knowledge and intelligence and humility in his left testicle than you have in your whole miserable bitter body. Read and learn from AA. He's genius.

PS Ethereum wasnt hacked you tard.

No he's an idiot and you are too

The crypto-currency ecospace is bifurcating. On one side are the mETH addicts who support forking and moral hazard.

That is good. Now our side needs a smart contract offering to kick Ethereum's delusional butt with.

It is time to show these script kiddies how to do this in a more professional way. Who is with me? You are welcome to wait until code is announced. I wouldn't support vaporware either. It goes against our creed.

Vitalik will not change. He will remain the person is his. Choose him if you like what he has done. Otherwise read this:

https://bitcointalksearch.org/topic/m.15273183

There is Counterparty https://www.cryptocoinsnews.com/counterparty-brings-ethereum-smart-contracts-to-the-bitcoin-blockchain/. Does anyone thing that Bitcoin will hard fork to accommodate a failed Counterparty Ethereum smart contract? Of course one does not have even have to use Bitcoin as the base chain for Counterparty.

iamnotback

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Quote from: Opquar on June 19, 2016, 03:37:32 PM

Quote from: iamnotback on June 19, 2016, 02:41:18 PM

Quote from: bitcoinlitcoinbtcltc on June 19, 2016, 02:38:55 PM

Only valuable among IDIOTS

There is a huge market of n00bs apparently.

Let's go build something better to show them how it should be done. If we don't have something better to offer for smart contracts, then Vitalik et al will continue to addict more of the youth on mETH.

Competition is good.

While we are at it, let's fix the scaling problem and avoid the clusterfuck Troika of SegWit, Side-chains, and Lightning Networks. There is a better technological solution.

I agree with that totally. After fixing that, bitcoin will be much better and more usable and become THE currency.

I can't fix Bitcoin, but I can try to supplement it with another block chain while Bitcoin might remain the reserve currency.

Also I suggest watching this parody video because it hits on all the points about The DAO FAIL:

Quote from: iamnotback on June 19, 2016, 03:55:21 PM

Quote from: spocek on June 19, 2016, 03:50:35 PM

Quote from: iamnotback on June 19, 2016, 03:41:49 PM

Quote from: spocek on June 19, 2016, 02:18:42 PM

Thanks - I had fun making it. Ethereum sounds promising but right now The DAO fiasco is a grave example of what happens when half baked code which attracted close to 250 million USD (value at one point) in investments got released without proper testing and/or clear goals. I hope the thieves are punished. Hopefully Ethereum will survive and thrive.

You did a great job of hitting all the correct points in your parody video. Did you research a lot of posts here on BCT to gain that insight?

My perspective is that Vitalik has a certain way of approaching computer science and reliable s/w development which is flawed. I don't expect them to improve. I expect them to go deeper into clusterfucks because one thing I learned in life is that WYSIWYG.

So I have decided to take the bull by the horns.

Quote from: spocek on June 19, 2016, 03:37:32 PM

I am simply drawing attention to the absolute lack of logic and even responsibility. I hope good things come out of it.

You did that very well. I don't want to expect, I want to make sure good comes from it. I know how to code. So I can do something rather than just hope.

As a programmer I could see that The DAO was put together haphazardly expecting to be a quick and dirty funding vehicle for the Slock.it project. The Slock.it team felt that they should gift the DAO smart code to the community for bigger exposure. The project got too big as we all know but sadly it was the Slock.it team that asked to be paid to provide future security for their broken code. Someone somewhere figured out that this thing was full of holes and exploited it. The whole project handling was rather immature and unprofessional and many of us fell for it. I invested 100 ETH myself. The joke is on me too. :-)

There are no safety mechanisms built into the SOLIDARITY. There was no attempt to do this incrementally. They released Turing-complete scripting into the wild knowing full well that it must blow up. Very, very unprofessional.

We can't blame this just on The DAO. The root cause starts with Vitalik and his delusions. Casper was another delusion that we knew would fail. How many months did they waste on that.

Minecache

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Quote from: bitcoinlitcoinbtcltc on June 19, 2016, 03:31:48 PM

Quote from: TravelsAsia on June 19, 2016, 03:02:11 PM

Quote from: bitcoinlitcoinbtcltc on June 19, 2016, 02:38:55 PM

Lol! He is one of the small dicked IDIOTS who bought Ethereum, and now he hopes people will buy his CRAP Cheesy

ETHEREUM IS FINISHED

Lost all of its credibility

Only valuable among IDIOTS

If you spent more time attacking issues than people with rude comments, you might be taken more serious. I'm even willing to overlook the litecoin in your name.

There is no ''litecoin'' in my name you tard Cheesy

LTC denotes Litecoin as you well know. Enjoy your years of bag hodling.

Opquar

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Activity: 385

Merit: 250

Quote from: iamnotback on June 19, 2016, 02:41:18 PM

Quote from: bitcoinlitcoinbtcltc on June 19, 2016, 02:38:55 PM

Only valuable among IDIOTS

There is a huge market of n00bs apparently.

Let's go build something better to show them how it should be done. If we don't have something better to offer for smart contracts, then Vitalik et al will continue to addict more of the youth on mETH.

Competition is good.

While we are at it, let's fix the scaling problem and avoid the clusterfuck Troika of SegWit, Side-chains, and Lightning Networks. There is a better technological solution.

I agree with that totally. After fixing that, bitcoin will be much better and more usable and become THE currency.

bitcoinlitcoinbtcltc

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Activity: 717

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Quote from: TravelsAsia on June 19, 2016, 03:02:11 PM

Quote from: bitcoinlitcoinbtcltc on June 19, 2016, 02:38:55 PM

Lol! He is one of the small dicked IDIOTS who bought Ethereum, and now he hopes people will buy his CRAP Cheesy

ETHEREUM IS FINISHED

Lost all of its credibility

Only valuable among IDIOTS

If you spent more time attacking issues than people with rude comments, you might be taken more serious. I'm even willing to overlook the litecoin in your name.

There is no ''litecoin'' in my name you tard Cheesy

TravelsAsia

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Activity: 448

Merit: 250

Quote from: bitcoinlitcoinbtcltc on June 19, 2016, 02:38:55 PM

Lol! He is one of the small dicked IDIOTS who bought Ethereum, and now he hopes people will buy his CRAP Cheesy

ETHEREUM IS FINISHED

Lost all of its credibility

Only valuable among IDIOTS

If you spent more time attacking issues than people with rude comments, you might be taken more serious. I'm even willing to overlook the litecoin in your name.

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: ?? on ??

Quote from: Minecache on June 19, 2016, 02:44:44 PM

Quote from: bitcoinlitcoinbtcltc on June 19, 2016, 02:38:55 PM

Lol! He is one of the small dicked IDIOTS who bought Ethereum, and now he hopes people will buy his CRAP Cheesy

ETHEREUM IS FINISHED

Lost all of its credibility

Only valuable among IDIOTS

You have ZERO idea what his investment portfolio or purchase history is so quit trying to FUD the facts. AA has more knowledge and intelligence and humility in his left testicle than you have in your whole miserable bitter body. Read and learn from AA. He's genius.

PS Ethereum wasnt hacked you tard.

No he's an idiot and you are too

The crypto-currency ecospace is bifurcating. On one side are the mETH addicts who support forking and moral hazard.

That is good. Now our side needs a smart contract offering to kick Ethereum's delusional butt with.

It is time to show these script kiddies how to do this in a more professional way. Who is with me? You are welcome to wait until code is announced. I wouldn't support vaporware either. It goes against our creed.

Vitalik will not change. He will remain the person is his. Choose him if you like what he has done. Otherwise read this:

https://bitcointalksearch.org/topic/m.15273183

Minecache

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Quote from: bitcoinlitcoinbtcltc on June 19, 2016, 02:38:55 PM

Lol! He is one of the small dicked IDIOTS who bought Ethereum, and now he hopes people will buy his CRAP Cheesy

ETHEREUM IS FINISHED

Lost all of its credibility

Only valuable among IDIOTS

You have ZERO idea what his investment portfolio or purchase history is so quit trying to FUD the facts. AA has more knowledge and intelligence and humility in his left testicle than you have in your whole miserable bitter body. Read and learn from AA. He's genius.

PS Ethereum wasnt hacked you tard.

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: bitcoinlitcoinbtcltc on June 19, 2016, 02:38:55 PM

Only valuable among IDIOTS

There is a huge market of n00bs apparently.

Let's go build something better to show them how it should be done. If we don't have something better to offer for smart contracts, then Vitalik et al will continue to addict more of the youth on mETH.

Competition is good.

While we are at it, let's fix the scaling problem and avoid the clusterfuck Troika of SegWit, Side-chains, and Lightning Networks. There is a better technological solution.

bitcoinlitcoinbtcltc

hero member

Activity: 717

Merit: 501

Lol! He is one of the small dicked IDIOTS who bought Ethereum, and now he hopes people will buy his CRAP Cheesy

ETHEREUM IS FINISHED

Lost all of its credibility

Only valuable among IDIOTS

Topic: Andreas M. Antonopoulos is "bullish on Ethereum" - page 4. (Read 5989 times)