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24095066 No.24095066 [Reply] [Original]

This is very funny and I laugh at the unquestioning vapidity of people who say "smart contract" and just let other people fill in the details as to what that should mean and what the value should be. The mistake here is that "smart" is a misnomer. A contract, as we have known them for many hundreds of years, is already smart because it can often require the work of a solicitor or barrister to argue for or against the individual clauses of a contract; contract wording requires interpretation and that can require some of the highest order thinking. It is therefore smart.

A contract on Ethereum, then, isn't smart. It is a dumb contract. It is dumb in the sense that it executes itself, whether it has been audited and validated or not. And for that reason, you get fraud, after hack, after loss, after gimmick, after scam and essentially fuck all in-between.

And for what reason would anybody need to run computer programs in a decentralised way? What the fuck is the point? I can understand a currency being decentralised; that is completely intuitive and innovative, but running programs is useless as it is so insanely inefficient. Anything you could run on Ethereum you can run on AWS and it will be cheaper, faster and more secure, therefore resolving the trilema and revealing Ethereum to be completely and I mean COMPLETELY redundant. Just because something can work doesn't mean it has value, much like a kettle connected to a dynamo on an exercise bike would work. Ethereum is pure spaghetti code.

>> No.24095094

>>24095066
Checked

>> No.24095099

didnt read lol

>> No.24095230

>>24095066
Who is the qt on the right, I must coom

>> No.24095349

>>24095066
>
oh no. we have one that's still thinking. maybe you should go away sir. this board is not for you.

>> No.24095374
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24095374

>it can often require the work of a solicitor or barrister to argue for or against the individual clauses of a contract
Oy Vey!

>> No.24095423

ETH haters are getting tiresome.

>> No.24095462

eth is just one of many L1s using Chainlink

>> No.24095484

>>24095230
think you mean on the left, fren

>> No.24095587

>>24095066
I think the famous trilemma can solve with layer 2 solutions. with these, we can focus on security more. so the projects like tokamak network can present baby chains by plasma but also can improve the security side with that way.

>> No.24096399

>>24095066
>He thinks decentralized software is completely, and he means COMPLETELY redundant

>> No.24096949

The code for a SC can never be altered after it's deployed. No other system can be this secure. With oracles the applications for SCs are almost endless.