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RE: Bitcoin is becoming a forking nightmare
Do you believe that Bitcoin can scale after all this time? Do you really believe Ethereum can scale? Have you heard of cryptokitties?
Do you believe that Bitcoin can scale after all this time? Do you really believe Ethereum can scale? Have you heard of cryptokitties?
Ethereum might not scale yet (hence cryptokitties) but several great scaling solutions are worked hard on by the dev team (sharding, state channels, POS, plasma), and some of them are even talked about being implemented in the near future (2018).
I believe Vitalik said that scaling Ethereum wouldn't be possible for 2-3 years. That's a long time in crypto. Ultimately, it appears they are tying themselves into knots attempting to re-engineer poor design. It was an experiment and from that perspective, potentially valuable, but other than the speculative mania in price, where is the value? POW bad, tx fees bad, solidity (when used by non experts to build smart contracts) bad, governance bad, centralisation bad, on and on. If Ethereum does become fixed, it will be completely different....forked into something else entirely.....more akin to blockchains that have been developed under a more successful set of guiding principals that have tested far better in the real world.
He said that it wouldn't scale to "visa levels" in a few years... But yeah, I agree that this is still the wild west, but I have hope that Ethereum can achieve all these things, but it is obviously far from guaranteed. I just believe that Ethereum has the best shot at coming out on top, seeing what they have done in the past. Also Vlad said that Casper should be out soon (whatever "soon" means). Value is there, but the inflow of the money (i.e. speculation) has caught up with the technology unfortunately.
I don't want any genuine project to fail or lose it's investors capital if they have invested with a degree of precaution. My overwhelming interest is that someone somewhere gets it right. If Ethereum succeeeds, that great well done those who believed. Looking at the fundamental facts in the present, I feel that is increasingly unlikely. Therefore my message is to be aware and take care. It was lovely chatting with you, thank you bud.