全 25 件のコメント

[–]Coioco 3ポイント4ポイント  (2子コメント)

I am a software developer.

  • Blockchains are useless

    • It's basically an incredibly slow and unwieldy database with the worst I/O times and latency of all time. Ten minutes to write to a freakin' database, as with Bitcoin? A minute as with litecoin? Pass. To put this in real world terms, imagine your garage door is hooked up to bitcoin and once an address is paid some small amount it opens. Great, right? So you pull in to your driveway, you pay your garage door and.... nothing happens. You sit there for 10 minutes. Wow, incredible technology there. How did these Captains of Industry pull off such an audacious feat of tech.
    • For the record, MongoDB is a database that is universal mocked and disdained by enterprise software developers because it is slow, and it is around 10,000 times faster than blockchains.
    • It solves zero problems -- as the old saying goes, blockchains are a solution in search of a problem.
    • If the blockchain is immutable (i.e. can't be corrected) it means it is possible for an intern to accidentally destroy the company by programming a bug that sends coins to a blackhole address like bitcoineater
    • If the blockchain is mutable, then why the fuck would you use a blockchain in the first place, the entire point is that it is immutable.

Edit:

  • As for Etherium, the entire thing is just straight up retarded from the start. The primary selling point of Etherium is 'smart contracts' aka we agree that you mow my lawn, and once my lawn is mown, I give you some etherium butts

    • The obvious stupidity here stems from an old CS bit of wisdom: "garbage in, garbage out". That is, a program that received garbage input will invariably produce garbage output. In the case of the lawn mowing example: what data source definitively establishes that my lawn was mown? There must be one for such a 'smart contract' to key on. But any such source is completely unreliable, and therefore the 'smart contract' fails before it even starts.

[–]AnythingForSuccess[S] 0ポイント1ポイント  (1子コメント)

Great answer, I will research it through. Upvoted.

Speaking of speed of blockchain - I agree. But Ethereum is much faster than Bitcoin/Litecoin.

As for smart contracts, few days ago daohub.org was released. You can check it out and tell me why you think it sucks. I made this thread for this exact reason. To find out more about dao hub from third parties.

[–]TenjouUtena 0ポイント1ポイント  (0子コメント)

Further on Ethereum:

  • Oracle problem as above and at jstoli's links. Who's to say my grass is mown (or that the Cubs won the world series)

  • Binary interpretable logic doesn't always map well to contract positions. (I couldn't mow your grass, but that's because you never locked your dog/kid up and gave me a reasonable opportunity.)

  • Actual contracts aren't implemented in plain language understandable by all parties who need a contract. It's easy for me to make a contract that I say does X but actually does Y. (Also it's entirely possible for contracts to have programming errors.)

[–]Rycross 1ポイント2ポイント  (4子コメント)

Nah. You're not going to listen.

[–]AnythingForSuccess[S] 0ポイント1ポイント  (3子コメント)

Why would I not? I asked the question, can you just paste your analysis please? I listen to all sides and then make an informed decision. I prefer fundamental and technical analysis accompanied with mathematical proof.

[–]roidragequit 0ポイント1ポイント  (2子コメント)

Why would I not?

your post history reads like a compulsive gambler adamant about playing the ponies and just looking for someone to validate his horse choice

[–]AnythingForSuccess[S] 0ポイント1ポイント  (1子コメント)

Ad hominem is not a legitimate discussion technique. Therefore your post has been discarded. My post history has nothing to do with arguments for and against specific cryptocurrencies. Please paste your research and analysis AGAINST betting on these currencies. Thank you.

[–]roidragequit 0ポイント1ポイント  (0子コメント)

far be it from me to tell you how to invest - feel free to stuff every last dollar into it if you are going to be smug and dismissive of the fact that you seem to always be searching for high risk investments in vehicles of...dubious value

[–]JeSuisEuphorique 1ポイント2ポイント  (5子コメント)

Listen here, buddy. If you think buying these tokens now and selling them for fiat profits in the future is a good idea, you could very well be a gambling addict.

Bitcoin is not a company or a stock. It produces no dividends and its marginal value is predominantly using it to do illegal stuff online. Ethereum is nonsense, tech bubble 2.0 sort of crap. It'll be worth something if it's the new darknet currency, but right now it's worth practically nothing.

gambleaware.co.uk

[–]AnythingForSuccess[S] 0ポイント1ポイント  (4子コメント)

Ethereum is nonsense, tech bubble 2.0 sort of crap.

Can you just paste your technical and fundamental analysis that confirms it is nonsense? Please.

[–]roidragequit 0ポイント1ポイント  (2子コメント)

Shouldn't the burden of proof fall on those asserting it is a good investment, when there is no reason why

[–]AnythingForSuccess[S] 0ポイント1ポイント  (0子コメント)

I have read the arguments FOR investing in these assets, now I would like to read arguments AGAINST. This sub is the best place.

[–]JeSuisEuphorique 0ポイント1ポイント  (0子コメント)

Of course, but you're dealing with a bitcoiner here.

[–]JeSuisEuphorique 0ポイント1ポイント  (0子コメント)

That is my analysis. It's a new age dotcom bubble. Just buzzwords and sparkly non-features.

If it's used as a medium of exchange for criminal activity then it will have a measurable value, but that criminal market share belongs to the all mighty bitcoin today.

[–]apollo888 1ポイント2ポイント  (1子コメント)

It's all in the wiki.

[–]AnythingForSuccess[S] 0ポイント1ポイント  (0子コメント)

Link? No joking, solid analysis only. Otherwise no reason to believe statements.

[–]jstolfi 1ポイント2ポイント  (1子コメント)

This question was asked here a month ago, and the answers given then still seem to be valid.

[–]AnythingForSuccess[S] 0ポイント1ポイント  (0子コメント)

Thanks, this is what I needed. Obviously, there was not really a way to find that via search and asking was a quicker and better option.

[–]roidragequit 1ポイント2ポイント  (0子コメント)

your best bet would be listing the reasons you think these things are viable investments and letting us dissect them

[–]many_mushrooms 0ポイント1ポイント  (3子コメント)

"Investing" is not a fancy word for "speculating". Please learn the difference before you hurt yourself.

[–]AnythingForSuccess[S] 0ポイント1ポイント  (2子コメント)

Do you have the evidence against these assets? Please paste it here.

[–]roidragequit 1ポイント2ポイント  (0子コメント)

there is no evidence that it is anything but speculation.

investing implies that you are taking a stake in something that creates value

[–]many_mushrooms 0ポイント1ポイント  (0子コメント)

Also, "asset" is not a fancy word for "gambling token".

[–]EnUnLugarDeLaMancha 0ポイント1ポイント  (0子コメント)

I do not deserve getting free money for no reason, so I'm highly sceptic of any "investment" scheme that promises me to become rich without risk. Be it bitcoin or anything else.

[–]NotHyplon 0ポイント1ポイント  (0子コメント)

Do your own homework assignment.