or: http://justpaste.it/nxt-introduction-4-journalists
Topic: BITCOIN VS ETHEREUM - page 2. (Read 2500 times)
if you compare Bitcoin vs. Ethereum, Nxt is a winner, read: http://justpaste.it/nxt-decentralized-internet
or: http://justpaste.it/nxt-introduction-4-journalists
or: http://justpaste.it/nxt-introduction-4-journalists
It has more potential than the altcoins I normally mine so my rig will spend a month or two on it.
its got a terrible name. thats what popped into my mind when i first heard about it.
> The well funded (by unknown party) Ethereum team
Ethereum is not yet well-funded, but we hope to be to enable us to execute our vision.
We have been self-funding using our own personal savings. There is no external funding. This takes the form of sharing living space in dorm-like conditions for some, buying our own plane tickets, conference attendances, …. Many of us are working full time on Ethereum, having left other jobs or projects. Many, many others are part-time volunteers.
> wants to be the Microsoft or Apple appstore walled garden of cryptocurrencies and
Ehtereum strives to produce the opposite of the centralized, walled garden effect. We will offer a distributed, OPEN app catalog for ease of use. This catalog will enable consumers of services to find services more easily. Ethereum will not charge anyone for the use of this catalog, neither service providers nor service consumers.
As early as possible, we intend to begin the process of morphing into a distributed, autonomous organization (DAO). (h/t to Stan for naming the concept of DAC)
> considers everything outside their own influence a disease (according to interviews with Charles Hoskinson) or paint them as inferior, instead of showing a superior concept that proves itself on it's own merits.
Ethereum considers many efforts in the Bitcoin space and cryptocurrency 2.0 space to have great merits and we are working actively with some groups (Open Transactions, Mastercoin, Colored coins, Sergio Lerner of qixcoin has also helped with commentary, …) and hope to work with others. Ethereum is in the process of defining its core principles but openness, transparency and inclusiveness will central be among them.
> I can come up with some other one-liners to counter the hype:
Is it productive to spend your time creating evil sounding fictions about a project that you don’t have much detailed knowledge of?
> Bitcoin allows you to use any turing complete programming language you want cooperating on a carefully scrutinized and well defined central information layer.
Everyone in the Ethereum project loves Biticoin and we expect it to remain a backbone system for value transfer for a very long time.
The Bitcoin system does a small number of things and does them well. The protocol serves as a secure, limited (scripting language is not Turing-complete), rock solid, backbone network for monetary transactions. When the BTC monetary base gets much larger, volatility should decrease and it will serve as a more stable store of value and numeraire. For such a network, it is likely best to keep the applications (scripting) layer simple, narrowly focussed, and secure as possible.
Alongside the Bitcoin currency backbone will sit Ethereum. Ethereum is a different sort of endeavor with different goals, constraints and demands. Whereas Bitcoin should maintain a slow-moving, conservative development arc, Ethereum, as a distributed, consensus-based application platform cannot afford to do so. The software services space moves very quickly and Ethereum must be designed to continually benefit from improvements and innovations.
It is no secret that the Bitcoin protocol has some issues/weaknesses. Ethereum, while targeted at solving different problems, will attempt to address as many of these weaknesses as possible. Some weaknesses will be research problems for some time. Ethereum intends to fund such research for the benefit of all projects in the crypto community if possible.
> E. is trying to force everyone onto a single costly and very limited scripting language, with
Very strange, unsubstantiable statement about a system that is not yet fully designed and developed. It is neither costly nor very limited.
> a monstrous non specialized blockchain. Satoshi suggested sharing the power of the bitcoin miners for other specialized use cases via merged mining on their very own specialized blockchains, and so contrary to the E-teams BS Satoshi most certainly was not pro centralization, nor was he advocating single central blockchains.
There is value in sharing the security of a single, large blockchain among many different projects. It is difficult to create a wholly new blockchain (define or clone the protocol, attract and incentivize miners, keep miners interested when the next new thing comes a long, …) for every new application. Any comers can use the Ethereum blockchain and get all of its security for free. There will be computation fees paid for executing code, but these fees will go to the miners for providing the resources to the network.
> E. is limitless transaction maleability ( turing complete scripting).
Transactions won’t be malleable, programs will. We’re taking a cue from von Neumann on this.
> Contrary to what car salesman mister Charles H. wants you to believe, limiting the scripting options in Bitcoin was and still is a very deliberate decision for security (anti malware, think excel-macros) and not some bogus like it being to difficult or to experimental.
Ad hominem attacks in such a young and almost completely cooperative niche are counterproductive. There are exceeding few people in this niche who would resort to such tactics.
> E. is a pay per move etch-a-sketch, yeah you can technically draw anything you want, but you're not going to make any dazzling artwork. Anything remotely successful on the limited ethereum blockchain has to move to a specialized custom built blockchain as fast as possible before someone else does it and creates a proper efficient version.
That is a slightly different model and we’ve seen it proposed and executed before. We wish you success in the implementation of it. This space will grow exponentially for a long time and we will all likely thrive. Your success will be a boon to us and our’s to yours.
> E. is rumored to be busy creating hardware licenses, which means they want to be the next patent troll.
Nope. Wow.
> E. wants to revert to centralization and monopolization instead of decentralization and evolution. So instead of bitcoin2.0 it's going in reverse bitcoin-(minus)0.1
Wow. Some of your points above had at least a specter that you could distort and magnify to manufacture your attack.
> E. wants to cater to its own exclusive group of privileged investors and friends and to leach of other peoples efforts. Or in their own words, remember Ethereum has no features. Or to put it simply, if you can't see the product being sold, then you are the product.
We are working to make the pre-sale of ether as open and fair as possible. Nobody will be excluded. Terms will be identical for all.
> In short, be very careful with who you trust, don't just go and buy everything a smooth salesman is trying to sell you.
Indeed.
It sounds like the post was written by someone who is scared of something, and possibly has an agenda which she/he considers to be under threat by a project which is not yet even released. You have likely built some great technology, so wouldn’t it be more productive to spend your time continuing to develop it. Many, many volunteers contributors on Ethereum are doing just that all day, every day.
Ethereum is not yet well-funded, but we hope to be to enable us to execute our vision.
We have been self-funding using our own personal savings. There is no external funding. This takes the form of sharing living space in dorm-like conditions for some, buying our own plane tickets, conference attendances, …. Many of us are working full time on Ethereum, having left other jobs or projects. Many, many others are part-time volunteers.
> wants to be the Microsoft or Apple appstore walled garden of cryptocurrencies and
Ehtereum strives to produce the opposite of the centralized, walled garden effect. We will offer a distributed, OPEN app catalog for ease of use. This catalog will enable consumers of services to find services more easily. Ethereum will not charge anyone for the use of this catalog, neither service providers nor service consumers.
As early as possible, we intend to begin the process of morphing into a distributed, autonomous organization (DAO). (h/t to Stan for naming the concept of DAC)
> considers everything outside their own influence a disease (according to interviews with Charles Hoskinson) or paint them as inferior, instead of showing a superior concept that proves itself on it's own merits.
Ethereum considers many efforts in the Bitcoin space and cryptocurrency 2.0 space to have great merits and we are working actively with some groups (Open Transactions, Mastercoin, Colored coins, Sergio Lerner of qixcoin has also helped with commentary, …) and hope to work with others. Ethereum is in the process of defining its core principles but openness, transparency and inclusiveness will central be among them.
> I can come up with some other one-liners to counter the hype:
Is it productive to spend your time creating evil sounding fictions about a project that you don’t have much detailed knowledge of?
> Bitcoin allows you to use any turing complete programming language you want cooperating on a carefully scrutinized and well defined central information layer.
Everyone in the Ethereum project loves Biticoin and we expect it to remain a backbone system for value transfer for a very long time.
The Bitcoin system does a small number of things and does them well. The protocol serves as a secure, limited (scripting language is not Turing-complete), rock solid, backbone network for monetary transactions. When the BTC monetary base gets much larger, volatility should decrease and it will serve as a more stable store of value and numeraire. For such a network, it is likely best to keep the applications (scripting) layer simple, narrowly focussed, and secure as possible.
Alongside the Bitcoin currency backbone will sit Ethereum. Ethereum is a different sort of endeavor with different goals, constraints and demands. Whereas Bitcoin should maintain a slow-moving, conservative development arc, Ethereum, as a distributed, consensus-based application platform cannot afford to do so. The software services space moves very quickly and Ethereum must be designed to continually benefit from improvements and innovations.
It is no secret that the Bitcoin protocol has some issues/weaknesses. Ethereum, while targeted at solving different problems, will attempt to address as many of these weaknesses as possible. Some weaknesses will be research problems for some time. Ethereum intends to fund such research for the benefit of all projects in the crypto community if possible.
> E. is trying to force everyone onto a single costly and very limited scripting language, with
Very strange, unsubstantiable statement about a system that is not yet fully designed and developed. It is neither costly nor very limited.
> a monstrous non specialized blockchain. Satoshi suggested sharing the power of the bitcoin miners for other specialized use cases via merged mining on their very own specialized blockchains, and so contrary to the E-teams BS Satoshi most certainly was not pro centralization, nor was he advocating single central blockchains.
There is value in sharing the security of a single, large blockchain among many different projects. It is difficult to create a wholly new blockchain (define or clone the protocol, attract and incentivize miners, keep miners interested when the next new thing comes a long, …) for every new application. Any comers can use the Ethereum blockchain and get all of its security for free. There will be computation fees paid for executing code, but these fees will go to the miners for providing the resources to the network.
> E. is limitless transaction maleability ( turing complete scripting).
Transactions won’t be malleable, programs will. We’re taking a cue from von Neumann on this.
> Contrary to what car salesman mister Charles H. wants you to believe, limiting the scripting options in Bitcoin was and still is a very deliberate decision for security (anti malware, think excel-macros) and not some bogus like it being to difficult or to experimental.
Ad hominem attacks in such a young and almost completely cooperative niche are counterproductive. There are exceeding few people in this niche who would resort to such tactics.
> E. is a pay per move etch-a-sketch, yeah you can technically draw anything you want, but you're not going to make any dazzling artwork. Anything remotely successful on the limited ethereum blockchain has to move to a specialized custom built blockchain as fast as possible before someone else does it and creates a proper efficient version.
That is a slightly different model and we’ve seen it proposed and executed before. We wish you success in the implementation of it. This space will grow exponentially for a long time and we will all likely thrive. Your success will be a boon to us and our’s to yours.
> E. is rumored to be busy creating hardware licenses, which means they want to be the next patent troll.
Nope. Wow.
> E. wants to revert to centralization and monopolization instead of decentralization and evolution. So instead of bitcoin2.0 it's going in reverse bitcoin-(minus)0.1
Wow. Some of your points above had at least a specter that you could distort and magnify to manufacture your attack.
> E. wants to cater to its own exclusive group of privileged investors and friends and to leach of other peoples efforts. Or in their own words, remember Ethereum has no features. Or to put it simply, if you can't see the product being sold, then you are the product.
We are working to make the pre-sale of ether as open and fair as possible. Nobody will be excluded. Terms will be identical for all.
> In short, be very careful with who you trust, don't just go and buy everything a smooth salesman is trying to sell you.
Indeed.
It sounds like the post was written by someone who is scared of something, and possibly has an agenda which she/he considers to be under threat by a project which is not yet even released. You have likely built some great technology, so wouldn’t it be more productive to spend your time continuing to develop it. Many, many volunteers contributors on Ethereum are doing just that all day, every day.
Its just a fancy scam.
Hahaha. I will come back to this thread in some years and I will laugh again,.
Not if you jump of a bridge because you lost a lot of money investing in this scam. Time will tell.
So i have been reading about it since last few days and want to know what community is thinking about ethereum.
Will it overcome bitcoin completely
Will bitcoin fall when ethereum come into the picture completely
Is it a threat for our community???
Everyone can discuss their views on it here !!!
Will it overcome bitcoin completely
Will bitcoin fall when ethereum come into the picture completely
Is it a threat for our community???
Everyone can discuss their views on it here !!!
Seems like a reasonable project with some decent devs.
I doubt it will overcome btc, but may compliment it, time will tell.
I'm already using a turing complete language with bitcoin, it's called javascript
Its just a fancy scam.
Hahaha. I will come back to this thread in some years and I will laugh again,.
Quote
The well funded (by unknown party) Ethereum team wants to be the Microsoft or Apple appstore walled garden of cryptocurrencies and considers everything outside their own influence a disease (according to interviews with Charles Hoskinson) or paint them as inferior, instead of showing a superior concept that proves itself on it's own merits.
I can come up with some other one-liners to counter the hype:
Bitcoin allows you to use any turing complete programming language you want cooperating on a carefully scrutinized and defined central information layer.
E. is trying to force everyone onto a single costly and very limited scripting language, with a monstrous non specialized blockchain. Satoshi suggested sharing the power the bitcoin miners for other specialized use cases via merged mining on their very own specialized blockchains, and so contrary to the E-teams BS Satoshi was not pro centralization or single blockchains.
E. is limitless transaction maleability ( turing complete scripting). Contrary to what car salesman mister Charles H. wants you to believe, limiting the scripting options in Bitcoin was and still is a very deliberate decision for security (anti malware, think excel-macros) and not some bogus like it being to difficult or to experimental.
E. is a pay per move etch-a-sketch, yeah you can technically draw anything you want, but you're not going to make any dazzling artwork. Anything remotely successful on the limited ethereum blockchain has to move to a specialized custom built blockchain as fast as possible before someone else does it and creates a proper efficient version.
E. is rumored to be busy creating hardware licenses, which means they want to be the next patent troll.
E. wants to revert to centralization and monopolization instead of decentralization and evolution. So instead of bitcoin2.0 it's going in reverse bitcoin-(minus)0.1
E. wants to cater to its own exclusive group of privileged investors and friends and to leach of other peoples efforts. Or in their own words, remember Ethereum has no features.
In short, be very careful with who you trust, don't just go and buy everything a smooth salesman is trying to sell you.
I can come up with some other one-liners to counter the hype:
Bitcoin allows you to use any turing complete programming language you want cooperating on a carefully scrutinized and defined central information layer.
E. is trying to force everyone onto a single costly and very limited scripting language, with a monstrous non specialized blockchain. Satoshi suggested sharing the power the bitcoin miners for other specialized use cases via merged mining on their very own specialized blockchains, and so contrary to the E-teams BS Satoshi was not pro centralization or single blockchains.
E. is limitless transaction maleability ( turing complete scripting). Contrary to what car salesman mister Charles H. wants you to believe, limiting the scripting options in Bitcoin was and still is a very deliberate decision for security (anti malware, think excel-macros) and not some bogus like it being to difficult or to experimental.
E. is a pay per move etch-a-sketch, yeah you can technically draw anything you want, but you're not going to make any dazzling artwork. Anything remotely successful on the limited ethereum blockchain has to move to a specialized custom built blockchain as fast as possible before someone else does it and creates a proper efficient version.
E. is rumored to be busy creating hardware licenses, which means they want to be the next patent troll.
E. wants to revert to centralization and monopolization instead of decentralization and evolution. So instead of bitcoin2.0 it's going in reverse bitcoin-(minus)0.1
E. wants to cater to its own exclusive group of privileged investors and friends and to leach of other peoples efforts. Or in their own words, remember Ethereum has no features.
In short, be very careful with who you trust, don't just go and buy everything a smooth salesman is trying to sell you.
Thanks for that. I had hunches about some of the points you brought up but you worded it so well.
The well funded (by unknown party) Ethereum team wants to be the Microsoft or Apple appstore walled garden of cryptocurrencies and considers everything outside their own influence a disease (according to interviews with Charles Hoskinson) or paint them as inferior, instead of showing a superior concept that proves itself on it's own merits.
I can come up with some other one-liners to counter the hype:
Bitcoin allows you to use any turing complete programming language you want cooperating on a carefully scrutinized and well defined central information layer.
E. is trying to force everyone onto a single costly and very limited scripting language, with a monstrous non specialized blockchain. Satoshi suggested sharing the power of the bitcoin miners for other specialized use cases via merged mining on their very own specialized blockchains, and so contrary to the E-teams BS Satoshi most certainly was not pro centralization, nor was he advocating single central blockchains.
E. is limitless transaction maleability ( turing complete scripting). Contrary to what car salesman mister Charles H. wants you to believe, limiting the scripting options in Bitcoin was and still is a very deliberate decision for security (anti malware, think excel-macros) and not some bogus like it being to difficult or to experimental.
E. is a pay per move etch-a-sketch, yeah you can technically draw anything you want, but you're not going to make any dazzling artwork. Anything remotely successful on the limited ethereum blockchain has to move to a specialized custom built blockchain as fast as possible before someone else does it and creates a proper efficient version.
E. is rumored to be busy creating hardware licenses, which means they want to be the next patent troll.
E. wants to revert to centralization and monopolization instead of decentralization and evolution. So instead of bitcoin2.0 it's going in reverse bitcoin-(minus)0.1
E. wants to cater to its own exclusive group of privileged investors and friends and to leach of other peoples efforts. Or in their own words, remember Ethereum has no features. Or to put it simply, if you can't see the product being sold, then you are the product.
In short, be very careful with who you trust, don't just go and buy everything a smooth salesman is trying to sell you.
EDIT
Edited for clarity and fixing of errors
I can come up with some other one-liners to counter the hype:
Bitcoin allows you to use any turing complete programming language you want cooperating on a carefully scrutinized and well defined central information layer.
E. is trying to force everyone onto a single costly and very limited scripting language, with a monstrous non specialized blockchain. Satoshi suggested sharing the power of the bitcoin miners for other specialized use cases via merged mining on their very own specialized blockchains, and so contrary to the E-teams BS Satoshi most certainly was not pro centralization, nor was he advocating single central blockchains.
E. is limitless transaction maleability ( turing complete scripting). Contrary to what car salesman mister Charles H. wants you to believe, limiting the scripting options in Bitcoin was and still is a very deliberate decision for security (anti malware, think excel-macros) and not some bogus like it being to difficult or to experimental.
E. is a pay per move etch-a-sketch, yeah you can technically draw anything you want, but you're not going to make any dazzling artwork. Anything remotely successful on the limited ethereum blockchain has to move to a specialized custom built blockchain as fast as possible before someone else does it and creates a proper efficient version.
E. is rumored to be busy creating hardware licenses, which means they want to be the next patent troll.
E. wants to revert to centralization and monopolization instead of decentralization and evolution. So instead of bitcoin2.0 it's going in reverse bitcoin-(minus)0.1
E. wants to cater to its own exclusive group of privileged investors and friends and to leach of other peoples efforts. Or in their own words, remember Ethereum has no features. Or to put it simply, if you can't see the product being sold, then you are the product.
In short, be very careful with who you trust, don't just go and buy everything a smooth salesman is trying to sell you.
EDIT
Edited for clarity and fixing of errors
Does Etherium still exist? is anyone actually using it for something?
ethereum's whole IPO and premine was a huge turnoff ...
Its just a fancy scam.
So i have been reading about it since last few days and want to know what community is thinking about ethereum.
Will it overcome bitcoin completely
Will bitcoin fall when ethereum come into the picture completely
Is it a threat for our community???
Everyone can discuss their views on it here !!!
Will it overcome bitcoin completely
Will bitcoin fall when ethereum come into the picture completely
Is it a threat for our community???
Everyone can discuss their views on it here !!!
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