/biz/ - Business & Finance

I agree with your general sentiment (there were more than 2000 ICO's on ETH and a few dozen will have brought good innovation), but the fact that you fall back to memes doesn't speak for you as a smart contract or crpyto platform coder.

The Bitcoin store of value meme only came up when the BTC shills realized that bitcoin doesn't do what it should, namely, as Nakamotos paper says, be a
>A-peer-to-peer electronic cash system
and the title wasn't
>A-5-companies-do-the-mining-store-of-value (that fluctuates more than any other widget in the market)

The name for Ethereum,
>first decentralized computer
is of course also a marketing gag. Thousands of computers running the same routine and then syncing for consensus is just that - consensus. Proof of work for consensus was main Satoshis contribution and Bitcoin coders before 13 actively discussed to strip away the capabilities that make for Ethereum. A
>first decentralized computer
would hopefully parallelize routines over different distributed computers and compute something together. Not just do the job of agreeing results and have each operation computed redundantly (from a computational perspective) thousands of times.

And proof of work turned out to be not at all scalable, so the merit of bitcoin was just to curb the research on classical distirbuted systems that use consensus algorithms such as EOS or NEO does. Something that you could have build in the 70's already, in principle, but which wasn't so much of interest then. Mind you, proof of work is from 90's, just like the broad smart contract idea
https://en.wikipedia.org/wiki/Proof-of-work_system
https://en.wikipedia.org/wiki/Smart_contract
Blockchain as data structure (or even Merkle trees), are an idea from the 70's!

I also do smart contracts - in particular I'm interested in voting - but all my code ends up being tools that my grandmother could never use. The ease of things will only creep in over the years, when good apps to invoke contracts emerge.

>>8266262
no, they are still there, but once the demons affected the host (you), you can't see or defend yourself against them anymore.

wow epic crash lads