Post
Topic
Board Altcoin Discussion
Re: The Ethereum Paradox
by
TPTB_need_war
on 12/02/2016, 11:00:45 UTC
It's interesting going somewhere like Ethereum Reddit.  It's a place full of professional software devs who should be able to figure out things discussed in this thread, but they honestly do not care one bit.  They aren't worried about the underlying aspects of Ethereum like it's consensus mechanism, scalability, or execution costs.  They think, hey, somebody else will fix that.  They have a laser beam focus and only care about what can be created inside the VM.  

Instead of being an Android developer, they want to be an Ethereum developer, imagining millions of different apps blasting off per second controlling every device in the world that uses a transistor.  Too bad the current state of crypto is attempting to figure out how to do the most primitive things imaginable in a reliable, secure way, like a time stamp.  These guys have skipped the basics and have gone straight to making video games on-chain.  Soon, I think Vitalik will catch Eth fever from his subjects and attempt to release Mortal Kombat Ethereum edition himself.

n00bs seem to be oblivious of the distinction:

Are there any useful smart contracts that working already?

Yeah there are quite a few already live on the Ethereum network

Check the DappsList: https://dappslist.com/dapps

It's obvious that most are still in development though, as this is still completely new technology

These are my favourites so far:

https://app.augur.net/

https://www.reddit.com/r/ethereum/comments/456abv/could_i_write_a_ponzi_scheme/

Those haven't been scaled yet and they can't be because Ethereum can't be scaled decentralized. Moreover Ethereum will blow up because it violates the fact that the speed-of-light isn't infinite.

n00bs are easily fooled by what they don't understand about the technology. "Oh I see Dapps, therefor Ethereum works". Sorry that is not correct.