You are viewing a single comment's thread from:
RE: The Fate Of Ethereum: All-Awesome Or Destined To Doom...?
I don't know the details, so I can't comment on Ethereum specifically except by saying that it looks like a very good concept so it will be sad if it will fail.
What I can say, in more general terms, that if someone who was working on the project say, "It won't scale", that's very bad news. When software doesn't scale, it means that it is very poorly written. It implies that either something is very flawed in the design, or that the company hires bad programmes. Either way, it shows that they are very unprofessional.
I do think they've been working on turning over to a different Proof Of Stake system that may help solve the scaleability issue.
Though I don't understand the more detailed technical matters, meeting the Consensys team and getting some insight to their perspective on the blockchain and what types of projects they're working on did inspire some confidence, reading between the lines to sense there may indeed be some valid reasons Ethereum could be game-changing... and perhaps any comparable type of platform will always have its bugs come up - just as Microsoft's stuff does decades later...
Regarding their professionalism - could present arguments for both sides. On one hand, while they managed to market it well - the leadership seems more like computer geeks than business people, and their rather casual non-chalent response to The DAO occurance... on the other, they have partnered with Microsoft, and there are some pretty impressive developments in the works, such as partnerships for smart cities in China, that would definitely suggest these kids aren't just playing around...
I suppose time shall ultimately tell...