but that stupid market attention, and "gas" for transaction of one established plattform is significant
Gas is paid for in ETH and is used really as a deception so that anyone using ETH to host a alt-coin will have trouble
understanding the billing system for the new token
it's based on resources used in contracts (These are not .pdf files like you said they were)
if you use ETH to host your shitcoin inside a "Smart (My ass) contract" then instead of saying it costs $0.01 to store a number (int32) for the coin amount
in the block chain they say it will cost 21.01 gas but later the price of gas is increased so instead of paying $0.01 it goes up to $0.55
So who can understand 1 ETH = $700 and gas is 0.00002000 and it costs 21.01 to just store a number and
this is by design but ETH offers something, hosting beans in a block-chain however your Waves and BTC don't
really offer anything in return apart from being a store for Hen's teeth but one is fast and cheap for sending them
(For now) and the other is expensive and slow.
All three are crap because they use a block-chain and therefore none of them will scale
ok for now i only understand that smart contracts are programmed computerprotocoll overviewd agreements, meaning the computer tells someone as soon a part of the contract is not met,
so if i had an agreement with you that i pay you 1 btc today, and you pay me back 0.1 bitcoin back every month,
the smart contract observes the process and tells me and you when something is broken?
wow great that means a smart contract is some form of helper that tells me when somone doesnt meet his obligations,
well we can observe enough protocolised software for contracts like this, i bet this kind of service will exist on all plattforms and on countless apps, on all mobile phones then,
no idea why we need this ethereum fixation
in the practical reality contracts cant that easily be defined as those ethereum freaks think, contract fullfilments are very though to interpret, and furthermore, there is also the case of not fullfillment, there is also interpretation needed which is quite thought,
this term "smart" and "contract" is completely misguiding, its just a computer protocoll that observers transerfers and checks weather they are as they are planned,
but its useless when it comes to contracting the construction of a building, because the norms and regulations are very though, and when you dont get a contracted company or if you have luck you get one only under tought limitations, they simply can tell you that "higher powers" have caused them not to be able to fullfill.
i am sceptical about this topic and it should be called "smart contracts" at all
regards