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Vinay Gupta, one of the main figures behind Ethereum, is having a meltdown. Someone he doesn't like (Gab.ai) was apparently considering using Ethereum for something. Gupta has posted some...interesting tweets. Key quotes:
"[Don't use] Ethereum. We are all communists"
"We will collude against you"
"We do infrastruture. You depend on us. We will find ways. Count on it".
Are these the kinds of things one wants to hear from the people behind a digital currency (and platform) that one is supposed to trust? They will "find ways" to "collude" against anyone they dislike?
Seriously, the more I learn about Ethereum, the less I like it. Full disclosure: I sold what few ETH I owned several months ago, for reasons related to "The DAO" mess.
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You are a fluke of the universe; you have no right to be here.
(Score: 1, Informative) by Anonymous Coward on Thursday November 16 2017, @12:51PM (6 children)
Hey, do that brand new thing and STICK IT TO THE MAN!
It's the FUTURE, it's the Internet, it's... WHERE DID ALL MY MONEY GO???
Only a fool would buy into this sort of thing.
(Score: 0) by Anonymous Coward on Thursday November 16 2017, @01:08PM (4 children)
Some fools got quite rich with this sort of foolishness.
What would really be foolish would be to put money in it that you cannot afford to lose. It's like everywhere: High profit comes with high risk.
(Score: -1, Troll) by Anonymous Coward on Thursday November 16 2017, @01:23PM (1 child)
There are winners and losers in life. Which group dominates SoylentNews?
(Score: -1, Troll) by Anonymous Coward on Thursday November 16 2017, @01:56PM
*hides it behind his back and whistles innocently until someone's forehead is withing range and their attention diverted.*
(Score: 0) by Anonymous Coward on Thursday November 16 2017, @02:02PM (1 child)
I think most people get the speculative risk.
What I find inacceptible is the risk from fraud and technical glitches.
There is nobody to turn to if some of your bitcoins simply go *poof*!
(Score: 0) by Anonymous Coward on Thursday November 16 2017, @02:04PM
Correct myself: "unacceptable"
(Score: 0) by Anonymous Coward on Thursday November 16 2017, @02:31PM
How much you want to bet that the NSA or CIA triggered whatever happened that locked up all those ETH?
However, the fact that something like that could happen should be a big red flag for anybody else. Personally, I do not think "smart contracts" are a good idea despite the compelling advantages of having a machine, which is not capable of being anything but impartial to the point of following through on absurdities, interpret a contract.