This submission is an ethereum pump article.
It has never made sense to have turing complete currencies. Ethereum will continue to be a great idea in the short term and a terrible idea in the long term.
It has never made sense to have turing complete currencies. Ethereum will continue to be a great idea in the short term and a terrible idea in the long term.
> I believe in 50 years, cryptoeconomics may be a discipline as widely studied as physics and Satoshi may be as widely revered as Galileo.
Holy cow. I stopped reading at that point. Did the author read that over before publishing?
But then on top of that there's this Turing-complete language that basically makes every client hugely complex while enabling use cases which are little more than zero-sum games.
It's totally possible that Ethereum will be wildly successful and overtake Bitcoin -- the advantages above are significant. But I have to imagine that just as non-standard transactions in Bitcoin never took off, so the contract support in the future will be seen as a slightly embarrassing anti-feature that continues to exist but is increasingly rarely used, like 402 "Payment Required" or any other similar remnants.