Thread: Ethereum
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Old 21st March 2017, 15:06     #13
Lightspeed
 
My understanding is that we're trusting that humans are rational, we work for our interests. Ethereum only fails when a majority of nodes act against themselves. We already rely on smart people acting hopefully in our interests. With an open source system at least there is a window into what's actually going on.

The DAO perfectly demonstrated the system works. Two sides disagreed, now both sides exist simultaneously and in harmony. No one lost anything.

Ethereum is still VERY basement level. It'll be five years before we see the real power of the system. There is still much to be built, including reputation systems.

Not everything will benefit from smart contract decentralisation. But so much will.

The article is wrong is its headline. Currently we've only seen the rise and rise of Ethereum. If there is a fall, it hasn't happened yet.
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Last edited by Lightspeed : 21st March 2017 at 15:08.
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