News for hackers. Stuff that matters.
Re:Why I’m so “against” Ethereum by hackernudes on Friday December 28, 2018 @11:10PM (#18781759)
What you have to show at the end of the day is a digital currency that has no central authority and yet still prevents double spending.

The cycles are not wasted - they secure a digital currency.

Banks and governments use immense resources to secure fiat currency.

Re:Why I’m so “against” Ethereum by Dylan16807 on Saturday December 29, 2018 @01:06AM (#18782189)
> The cycles are not wasted - they secure a digital currency.

If I use a car that gets 1 mile per gallon to visit my grandma, I'm wasting basically all the gas I buy, despite it getting me to my destination.

Proof of work is waste.

Re:Why I’m so “against” Ethereum by stillbourne on Friday December 28, 2018 @11:25PM (#18781822)
>The cycles are not wasted - they secure a digital currency.

But why though? Is the USD that insecure? Is fraud so prevalent that its debasing the value of currency? Do we literally need to spend 70TWh per year, and that's just in its current state as a semi novelty currency/commodity, to secure the concept of money? Can you imagine how much it would cost to run bitcoin if it was the primary reserve currency of the world?

[dead]
Re:Why I’m so “against” Ethereum by stillbourne on Friday December 28, 2018 @11:50PM (#18781906)
It's ok, if you believe hard enough and know that your heart is pure then the Emperor's New Currency will have value. I'm just the guy asking why.
Re:Why I’m so “against” Ethereum by erulabs on Saturday December 29, 2018 @12:05AM (#18781974)
Your comments violate rule #1 of Hacker News comments.

> Be civil. Don't say things you wouldn't say face-to-face. Don't be snarky. Comments should get more civil and substantive, not less, as a topic gets more divisive.

https://news.ycombinator.com/newsguidelines.html

We're discussing ideas here, there is no reason presuppose others ideas or behave snarkily.

Re:Why I’m so “against” Ethereum by trishmapow2 on Saturday December 29, 2018 @12:16AM (#18782013)
I think you replied to the wrong person.
Re:Why I’m so “against” Ethereum by erulabs on Saturday December 29, 2018 @12:18AM (#18782021)
To both of them, but in the case of stillbourne particularly, because he is responding to every post in this thread with that tone.
Re:Why I’m so “against” Ethereum by stillbourne on Saturday December 29, 2018 @12:38AM (#18782089)
I don't think he's being entirely partial in targeting me. One of my replies was to him, in that reply I was mostly civil with the exception that I accused him of being a libertarian. My comment got downvoted to oblivion anyway.
Re:Why I’m so “against” Ethereum by stillbourne on Saturday December 29, 2018 @12:28AM (#18782049)
I was not trying to come off as snarky. I was being civil, My first and my second comment were actually civil but as others attempted to offer retorts to my metaphor it sort of degraded. I didn't get real snarky until vitaliksghost called me an asshat. I'll exit the conversation now.