Topic: I think Ethereum or counterparty will be solution to all these bitcoin heist! (Read 835 times)
March 20, 2015, 05:42:32 AM
We, as the believer of cryptocurrency,, have high expectation of the potential usability of Ethereum and counterparty. But there are always some issues arising from the reality. Hopefully they won't let us disappointed, as the Bitcoin brought to us!
March 20, 2015, 04:40:23 AM
Bitcoin was supposed to be decentralized and that means it solves the problem of trusting the central authority, by completely working on basis of zero trust..
Most Humans are cunning selfish animals who will betray and run of with your money if you trust them and especially when there no central authority is there to check.
So the solution is to trust the Code(open source verifiable contracts) by which decentralized exchanges, decentralized markets etc are done..
We can be happy and safe that we wont lose our wealth or items.
Jeremiah 9:4 “Beware of your friends; do not trust anyone in your clan. For every one of them is a deceiver,[a] and every friend a slanderer.
So trust thy machines and codes, never humans!
Ethereum and counterparty has lot of scope to make this happen!
Most Humans are cunning selfish animals who will betray and run of with your money if you trust them and especially when there no central authority is there to check.
So the solution is to trust the Code(open source verifiable contracts) by which decentralized exchanges, decentralized markets etc are done..
We can be happy and safe that we wont lose our wealth or items.
Jeremiah 9:4 “Beware of your friends; do not trust anyone in your clan. For every one of them is a deceiver,[a] and every friend a slanderer.
So trust thy machines and codes, never humans!
Ethereum and counterparty has lot of scope to make this happen!
Who has created the codes and machines? Humans or another machines? I trust only honest people.
March 20, 2015, 04:29:28 AM
Quote
Most Humans are cunning selfish animals who will betray and run of with your money if you trust them and especially when there no central authority is there to check.
Jeremiah 9:4 “Beware of your friends; do not trust anyone in your clan. For every one of them is a deceiver,[a] and every friend a slanderer.
None sense! Yes, I have to admit that some of ppl are the type you mentioned. But we still have trustworthy friends and family. Otherwise we are living in a cold world, nothing matters and is to cherish! Jeremiah 9:4 “Beware of your friends; do not trust anyone in your clan. For every one of them is a deceiver,[a] and every friend a slanderer.
And the code is code, which cannot adapt to the changing environment! We, the human, create the code to suit our needs otherwise it will be dumped.
March 20, 2015, 01:44:40 AM
You should start writing new Gospel Op. Gospel of Deus Ex Machina... But I would like to back to the topic here. You think that Ethereum is the panaceum
for all that is happening in bitcoin's world? It it true that bitcoin is foolproof but various satellites services of bitcoin can be used to scam people.
You think that people can't be trusted, ok I understand that. But people are made all these projects possible. And Ethereum is at so early stage of development that it needs to be monitored and tested. After some time we will be able to see if it is really that good and gamebreaking project.
for all that is happening in bitcoin's world? It it true that bitcoin is foolproof but various satellites services of bitcoin can be used to scam people.
You think that people can't be trusted, ok I understand that. But people are made all these projects possible. And Ethereum is at so early stage of development that it needs to be monitored and tested. After some time we will be able to see if it is really that good and gamebreaking project.
March 19, 2015, 08:08:18 AM
Bitcoin was supposed to be decentralized and that means it solves the problem of trusting the central authority, by completely working on basis of zero trust..
Most Humans are cunning selfish animals who will betray and run of with your money if you trust them and especially when there no central authority is there to check.
So the solution is to trust the Code(open source verifiable contracts) by which decentralized exchanges, decentralized markets etc are done..
We can be happy and safe that we wont lose our wealth or items.
Jeremiah 9:4 “Beware of your friends; do not trust anyone in your clan. For every one of them is a deceiver,[a] and every friend a slanderer.
So trust thy machines and codes, never humans!
Ethereum and counterparty has lot of scope to make this happen!
Most Humans are cunning selfish animals who will betray and run of with your money if you trust them and especially when there no central authority is there to check.
So the solution is to trust the Code(open source verifiable contracts) by which decentralized exchanges, decentralized markets etc are done..
We can be happy and safe that we wont lose our wealth or items.
Jeremiah 9:4 “Beware of your friends; do not trust anyone in your clan. For every one of them is a deceiver,[a] and every friend a slanderer.
So trust thy machines and codes, never humans!
Ethereum and counterparty has lot of scope to make this happen!
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