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posted by martyb on Thursday November 16 2017, @11:33AM   Printer-friendly
from the ethereal-ethereum dept.

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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  • (Score: 2) by FatPhil on Thursday November 16 2017, @02:15PM

    by FatPhil (863) <reversethis-{if.fdsa} {ta} {tnelyos-cp}> on Thursday November 16 2017, @02:15PM (#597703) Homepage
    That's not what's driven its value up, though. There might be a positive correlation between such use and value presently, but when the inevitable crash occurs, they'll probably completely decorrelate (and might even become negatively correlated), as the property that makes them useful is almost orthogonal from their value - which is easier to carry across an international border, .001 BTC, or 1000 BTC?
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