Quote from: stoat on February 20, 2016, 12:55:23 PM

Oh dear. More walls of text. I want to know what the ethereum paradox is. Can someone explain it in 6 lines or less please?

0x8d1b4e41652eacec5715dc5c4833f6b713573de6 If you agree with me, please support a friend of mine in need.

Readers see the games these retarded ETH shills play. stoat pretends he didn't already read this yesterday:

Quote from: TPTB_need_war on February 18, 2016, 10:07:47 AM

(1) What you need to know is that Ethereum as it is currently designed can't scale just as Bitcoin can't scale, but the level of scaling which the current Ethereum can do is much less than even Bitcoin's current limitation because verification/validation of Serpent scripts takes more resources than verification/validation of ECDSA signatures.

(2) For both Bitcoin and Ethereum, this is not just an issue of block size limitation. The issue is that in order to scale, the mining becomes more centralized. I think you will should note that Bitcoin and all other major coins are entirely centralized already and on the precipice of failure (all of them! study my links!).

(3) Thus Ethereum proposed Casper which is a design that attempts to use sharding (a.k.a. partitions) to improve scaling decentralized. But I explained in this thread, that can't work. To reduce electricity consumption, Ethereum also proposed PoS-like consensus-by-betting with forfeitable deposits. PoS has known failure modes that violate Nash equilibrium.

(4) So the point of all this is that Ethereum and all the rest of the crypto coins have not yet solved the fundamental issue of decentralized consensus.

Expect the shills to bury this post in more noise as they desperately try to sell you some bag holding shitcoins.