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Or, literally, a smart contract -- NFTs as governance tokens are gaining popularity.

Dogecoin is running on nearly the exact same technical specification as Bitcoin, so if you don't think that underlying tech is worth anything then Bitcoin being worth $36k is the more unbelievable meme here. I'll say. NFTs are implemented on the Ethereum network via the ERC-721 specification...

Who gives a shit? Do you understand that there are several multimillion dollar NFT collections, e.g. CryptoPunks, Beeple? Do you understand that Uniswap now issues your LP token as an NFT?

They've been growing substantially since the creation of each, and is exactly what I'm referring to when I say that you're going to be left with your dick in hand wondering the equivalent of where this YouTube thing came from in 2010. Do you think the concept of non-fungibility is a passing...

No it isn't. NFT markets are Ethereum's primary use case by value, and DeFi is its primary use case if going by transactions. Shitcoins on top of the Ethereum network are a fraction of those values -- BSC is the hotbed for shitcoin activity.

Tether will eventually implode, that I'm sure of. There's not a doubt in my mind that they're full of shit and don't have that much money backing their issuance. If it happened tomorrow, it would hit a significant portion of the crypto space -- I'm insulating myself from it as much as...

From June 2017 to July 2017 the price of Ethereum went from nearly $400 to about $130, and recovered by September to break ATH in November->January 2018.

Yeah, I've added another 10k Truebit to my stack so far. Still don't want to get rid of some of my stacks until they recover tho, hopefully there's still no tasks going through the system by that point!

I dunno, I think title goes to Silk Road, personally. That dude is in jail.

Yes you can read all about them at: Rekt - Home

Just one more reason to be bullish on Truebit: Truebit Ring signatures are what Monero uses to build plausible deniability into their transactions. If I had to guess, I'd guess that the first successful CDBC is developed on Ethereum with Truebit.

No, Vitalik's point was in regards to total computational/data complexity. As L1 power increases, more people will do obviously want to do more complex things with it -- a programming language is a natural step in that paradigm, not just some software functionality that needs to be developed...

Not without significant improvement on Bitcoin L1, it's literally impossible for all of the reasons Vitalik already laid out. If you think Bitcoin can achieve that improvement with no singular vision guiding them, you're nuts and I'm not going to pretend you're not.

So you have no point, you just don't understand perfectly acceptable English or the fact that math can be abused and twisted to promote a completely false narrative, i.e. Lightning can replace SWIFT. Of course I'm going to call you retarded, if I quoted some perfectly acceptable English and...

It was noows->fohguild.org->rerolled. Iirc Zamtil owned the firesofheaven.net domain, and he was kicked out when Furor unretired.

You'd think it wouldn't be necessary to highlight the fact that Vitalik's math is extremely qualified, but then Flobee goes and handwaves it away like it doesn't matter and continues to ignore when making totally unqualified statements like "LIGHTNING WILL REPLACE SWIFT!!!!" Do you have a point...

Well that's because you're retarded and don't understand the English language.

Math that's actually useful and agreed upon, and not just some stupid TOTAL EFFECTIVE HITPOINT calculation or some shit that's entirely meaningless. You know, the kind of shit Vitalik deals in, viable logic. You can go back to 2018 in this thread to find me shitting on Lightning and its...

Spoiler alert, Lightning will never be a finished product because, again, Vitalik's qualified math about building on top of L1 cannot be ignored or handwaved away. Do you have any idea what Lightning is currently used for, its security properties, or how you expect it to scale to the point that...

Nowhere in that point did you describe how the power centers of Bitcoin are decentralized, you have just assumed that this is the case because Satoshi himself could not influence them, but all that means is that Satoshi has been unseated from his position of power. Again, actually read...

No, but you need a system that can handle more than 7 fucking transactions per second, which Bitcoin does not.

I see you're still completely ignoring Vitalik's qualified math about building on top of L1, Bitcoin L1 is insufficient to run smart contracts built on top of it, period, and there's no guarantee Bitcoin's L1 won't change to retroactively invalidate any L2 solution that clashes with the...

No, you should understand why having someone smart like Vitalik, able to direct and coordinate bleeding edge crypto research, is an invaluable asset to blockchain development. You can't seriously believe that we figured out how to create a blockchain that will scale to the world's financial...

I understand exactly why Bitcoin was created. I also understand that the technology behind Bitcoin, without innovation, is insufficient at achieving those goals. The good intentions of Satoshi do not change this fact whatsoever.

That's such a bullshit take of the whole TheDAO situation that we've already gone over -- go ahead and read any of the numerous things Vitalik and others have written about that, and how it didn't destroy the community. Meanwhile, the motherfucker is innovating on the Ethereum blockchain like...

12 years on the lifetime of blockchains is a tiny amount. If you think in 60 years that PoW will be able to secure and maintain even a simple distributed ledger like Bitcoin on a global scale, you're dreaming. It was never going to be able to, hence all of the research behind PoS. Your entire...

Vitalik will be the richest man in the world in...5 years? Maybe sooner. Dude has a boner for life extension research, too, so he might be the first immortal.

You just handwaved away the foremost crypto expert's qualified MATH as an opinion not worth as much as speculative development by doomed to fail development teams. What else can you be other than retarded?

This is irrelevant, there exists two separate philosophies and incentives for base layer protocol development and L2 development. They may end up clashing, for all of the reasons described in Vitalik's post which you obviously did not understand. Just FUD, Ethereum has no "centralized...

Those are super dumb ifs, they will never happen. Even getting past the ridiculous argument that either of those development teams is at the same level of competency and understanding as the Ethereum devs, there's no guarantee that the base layer protocol won't change to prevent such...

Ethereum is the world's first triple point asset: it's a store of value, it's a commodity, and it's yield bearing. Bitcoin is just a store of value.

Vitalik's thoughts on running smart contracts on L1: Base Layers And Functionality Escape Velocity

You're retarded if you think Ethereum has not already worked out. Ethereum is not just a bet on the Ethereum core dev team, it's a bet on the entire ecosystem of developers -- of which, Ethereum has over 80% of all crypto developers working on it. You think it's all speculative because you...

I did read the article, it's full of shit, literally not a single good point made in it. Scaling Ethereum has always been a multi-pronged process, including both L1 options (Proof of Stake, Sharding, ZK-SNARKs, etc), and L2 options (rollups, sidechains, oracles, etc). To think this dumbass is...

This is an extremely ridiculous claim that was settled in 2013 when the Ethereum founders went from developing on top of Bitcoin to making their own blockchain. You should actually read the Ethereum whitepaper sometime. The article is shit, and completely ignores real world applications of...

No it isn't, and that's a ridiculous claim.

Yeah, that's a good one. Vitalik is surprisingly active on reddit, spend some time trolling through his posts if you want to see what the foremost crypto expert is thinking about. ZK rollups weren't supposed to be working for another 2-3 years, btw, which is why initially sharding was going to...

Proof of Authority blockchains are too centralized and therefore vulnerable, it's not a very appealing consensus mechanism for investors -- why move over to a centralized, vulnerable blockchain when several centralized relational databases for supply chain management have already been built and...

If you think $SHIB was created with the sole intent to be a rugpull then I don't know what to tell you other than I disagree.