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24136502 No.24136502 [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 a fucking joke.

>> No.24136561

>>24136502
>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.

That's the stupidest fucking reasoning in the world. Is a piece of fucking paper smart because I think about what to put on it?

>> No.24136577

>>24136502
You are retrad

>> No.24136590

>>24136502
I love Boomer posting

>> No.24136601

https://www.youtube.com/watch?v=wm_IyyHM5Hk

Vitalik BTFO

>> No.24136617
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24136617

>>24136502
It's pretty difficult to understand if you're an abject retard.

>> No.24136644

>>24136617
>r/IamVerySmart

>> No.24136697

>>24136502
You're correct on that Ethereum smart contracts shouldn't really have the title "smart" when all it is, is an immutable piece of code that cannot sufficiently be autonomous without the use of oracles. However you're extremely dumb for thinking decentralization is pointless.

That is all I will give you.

Sent from my iPad

>> No.24136717

>>24136644
GO BACK YOU FUCKING FAGGOT KYS

>> No.24136742
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24136742

>>24136697
>Sent from my iPad

>> No.24136767

>>24136502
Jesus you're thick as shit.

>> No.24136805

>>24136717
>r/ShitRedditSays

>> No.24136829

Pure retardation, OP. Nice.