Post
Topic
Board Announcements (Altcoins)
Re: Ethereum: 2nd gen cryptocurrency with contract programming, "dagger" hashing
by
x0rcist
on 17/01/2014, 12:22:15 UTC
I don't get what the huge deal is with this . sure it is a big improvement over  SHA256/scrypt but won't resolve the fundamental issues with PoW.
if it becomes in any way profitable some manufacturer in china would take less than a month to come out with dedicated boxes/motherboards with 100s memory slots crunching the algo.
mining will always be polarized and will always be a waste of resources as it becomes more competitive/lucrative.
the only "advantage" PoW has over PoS is that it doesn't require an IPO to distribute the coins....but ethereum still went for some IPO wtf??....so might aswell go for full PoS without need for mining .  the mining community is not not only useless but a baggage for the progress of crypto.

Ethereum deliveres services like privacy management, distributed applications etc etc. NXT only has POS and nothing more.

like this clueless troll for example
privacy management, distrubuted applications etc can all be delivered just as well with PoS, and sustainable from end user devices Wink
because of this for dsitributed applications PoS is actually becoming the preferred choice....infact new development into PoS has led to PoB (proof of bandwith) which could actually be the real next big thing (for cloud applications especially)https://github.com/wetube/bitcloud/blob/master/Bitcloud%20Nontechnical%20White%20Paper.md


in conclusion : ethereum possibly the best of the PoW coins....but PoW is a now a dead/detrimental technology imo.





you really have no idea who are behind this right? Wink