Topic: The Ethereum Paradox - page 53. (Read 99910 times)

So far I've read a huge amount of FUD coming from all angles.

It used to be "vaporware!!! It will bever be released"
Then it was "price will crash to below ICO price!!" No one buy this coin!"
Now it's "pump and dump the market is manipulated!!!"
And "some highly technical reason why nothing in ethereum will work that is very hard to explain"


I will be increasing my investment in ETH because the price right now is artificially low because of this FUD which will melt away as ethereum once again proves all the doubters wrong.

I just read: http://www.multichain.com/blog/2015/11/smart-contracts-slow-blockchains/

they have some very good arguments, but does it mean ethereum is doomed? hard to say until they reach that point and possibly come up with another solution. you got to give it to them on the marketing front.

Just read the 1st Page and 1st TPTB_need_war first replay on the thread. Basicly i was very enthusiastic about CASPER and Scalability potential of ethereum.
Until i read some good technical counterargument, i'm reducing my investment in the ethereum project long term, which is best now since prices seems to be good enough for me.

do you have a summary of what these doubts are long term? 8 pages is a bit much to read.

I have yet to see someone that gives a detailed technical Counter Argument to the Guys here which making me have doubts about ethereum "Long Term". Following this thread now

Sounds like you just stumped yourself.

I explained that asset transfers (crypto currency, etc) are compatible with partitions. I explained that scripts are not and explained the distinction in terms of external chaos that destroys the Nash equilibrium.

I don't think UXTO or account balances has anything to do with why asset transfers are compatible with partitions while scripts are not.

I am very sleepy now. That is it for me today.

Hmm I must have missed where you mentioned that :|

Still, if you know that ETH is using balances rather than UTXOs, doesn't that mark the whole argument against partitions when using UTXOs redundant (at least as far as transactions are concerned)?

The points made about why it can't function are not applicable in the case of ETH anyway, and apply only to UTXO based block chains.

I mentioned in the video that Ethereum is using an account balances design.

There can't be any double-spend across partitions in the design I described in the video.

I understand if you want to allow spending across partitions, this complicates design issues. I had mentioned upthread that I deal with that in my design by requiring confirmation of such to wait for block confirmations. Where spending within partitions is instant in my design.

I think it is difficult to talk about every possible design variant in one video. I was already going off on too many injected tangents. That is not to say I have envisioned your design per se.

Thanks.

First of all, you should do more videos.

I was expecting something akin to the angry German kid playing Unreal Tournament, and instead I got a calm, comprehensive, thorough dictation of your thoughts with no indication of the crazy and manic sentiment your posts sometimes have

I'd like to point out a critical element that you seem to be missing/overlooking.  ~35 minutes into the video you start talking about unspent transaction outputs and the issues that partitions invoke with regard to them.

Ethereum does not have UTXOs nor does eMunie for that matter, account/address balances are recorded and credited/debited as per transactions they make and receive.  

Without the UTXO overhead, double spend prevention across partitions is much easier to achieve and can be done in an efficient manner.

Scripting/contracts might well be a different ball game, I haven't thought about it much, but I wanted to highlight the error with regard to transactions.

He had numerous guys getting him into Bitcoin and he was the one who tried to focus me more on it. I was in ER and ICU in May 2012 and dealing with my kids being yanked and I was too preoccupied. I just took a quick look in January 2013 and agreed with him that it was about to explode to the upside.

Rpietila was a very rational, ethical, fair and even amicable person to deal with on silver trading, as I used to sell him silver rounds that I had manufactured from my 18,000 oz of Comex bars. Any idiosyncrasies that flourished after becoming wealthy are not during the time in which I was interacting with him.

I remain cordial/friendly with rpietila, but we are both off doing on our thing and I haven't been able to make time or justification for any communications with him lately.

So we have you to blame for him? Ugh. Good to know.


Edit: I won't hold it against you.

I recorded a video of myself to try to explain some of these issues:

http://coolpage.com/commentary/economic/shelby/Shelby_Ethereum_Paradox.avi

The Ethereum MSM shrilling is out in full force yet I still managed to make the price decline yet again.


The insiders of Ethereum are ostensibly well connected professionals. They are fucking you over royally.

Sorry, we are talking cross purposes again; because I am working through various edge cases of partitioning in my whitepaper at the moment, I'm focused on that and missed that you were talking about Casper and SC.

According to every thread in this forum except for this one that's all it's really about. Try to find a recent technical post in the Ethereum ANN thread for example. It's all speculation when it will overtake BTC or whether it's going to 0.1 BTC or 0.25 BTC a piece instead.



What was your DD conclusion on ETH if you don't mind me asking? Did you find any better source than this thread?

How old you are? I am 50.7. Are you sure you are factual?


March 14, 2013.

That is quite irrelevant though. I was programming probably before you were born. When you registered doesn't indicate any particular skill for technological discernment. It just indicates you are quick to fuck any tree stump.

Btw, I also advised our whale rpietila to buy with both fists @ $10/BTC (he sold $100,000 of silver and bought 10,000 BTC).


Well some are different than others and that will be a lesson for you. Not everyone fits the same mold (I also studied Latin and French in 10th grade):


Great for you. Hope you've learned something and been profitable for you.


We have no idea if the manipulators haven't registered innumerable sock puppet accounts from long ago. Although I admit I didn't look at your registration date because I am very busy and there are so many newbie sockpuppets.


Obviously not, if you are criticizing my explanation of the technological issues. You obviously don't understand the technology. So keep trying to learn. You can start by reading this thread over and over again until you comprehend.


Absolutely do not invest in anything I do. I would very much appreciate being able to look at you as a great fool.

You are a poor judge of personality in this case.

Did you entirely miss upthread point about wasting $18 million of YOUR money.

And the reason for the current P&D being they ran out of funds and so they need to fool you, so they can waste some more of YOUR $millions.

Are you guys totally idiots or what  


And then you think you are qualified to speak about what Ethereum can accomplish   

Didn't read anything you wrote, I'm sorry, too brainy. Ethereum is the new Skynet and it's currently making another run to 0.02, I'm glad I didn't sell my ETH as it will help cure cancer by develop medical dapps. I'm not even joking.

My son, I have been registering my bitcointalk account June 06, 2011, 12:27:49 PM. At which date did you register?
Since that time I have seen legions of folks like you come an go. They mostly had one thing in common: they were strong with words and weak with action. Many of them should have better doing a walk in nature more often than sitting behind their keyboards day and night. 

And while I haven't been posting a lot, I have been doing lots of reading and learning about crypto currencies. And after doing my homework I have been buying up some chunks of BTC (at that time you had to pay about 14 USD ) because I was convinced that BTC had a great future. Definitely worth more than 14 bucks...

As a "paid Ethereum shrill" with a (4 1/2 year old) "newbie sock puppet account" I don't care what know-it-all folks like your are saying. I do my DD. This includes technical details of a coin, potential market and who is standing behind a coin.  And after that I'm spending some bucks or I don't. (Mostly don't )

As someone who is doing business with other "things" for a long time now, I have been always looking at the personality of my prospective business partners. And most of the time this was a very important criterion whether a business relation has been enjoyable and successful or not. And sorry to say that I probably wouldn't invest in your coin.

 

What does the price of eggs ether tokens have to do with anything? Is that what this is really about?