Vitalik:

Eth is a mess

did cardano finally release smart contracts?
>Bitcoin-NG with PoW
ok that's an advantage, but only over ethereum with PoW, PoS still wins on scalability, not to mention cost
>has integrated oracles, smart contracts are executed off chain
these are all layer 2 solutions, a bloated core protocol is not an advantage, it makes changes and competition harder.
>With PoS, anyone with enough $ can easily take over the chain
The exact opposite is true. Anyone with enough $ can take over a PoW chain, but with PoS buying enough may be simply impossible. Even if it were possible, attacking PoW is cheaper, as you only have to pay the energy cost for a gpu PoW.
For asic PoW it's better, but still insecure because anyone external can/buy make his own asics.

A bored billionaire recently acquired ~5% of bitcoin's hash power, thus proving that PoW is insecure against any sufficiently rich attacker.

Ethereum needs to change its POW to asic resistant.

It’s pow is becoming centralised. Over half of the hashrate right now is coming from asics that are mostly owned by 1 person

Yes. See you in 2020.

tl;dr

bitcoin and ethereum are the only two crypto that matter. every other shitcoin can disappear today and nobody apart from late adopter speculators would notice. neither are going anywhere long term, that's already been obvious for a long time given their distinction in the market, developer communities, and unmatched institutional interest.

surprise, development of a huge security-critical software product takes time. crypto "investors" get on my nerves

if they're going to do that issuance needs to drop to < 1 eth per block at the same time, otherwise it's just free money to small miners which no sane person wants to see

so basically in 2 years ETH is going to swtich to a poormans copy of Rootstock

rootstock requires trust in few companies that run the nodes, it's 100% centralized

Free money to small miners is exactly what we need. Small miners means decentralisation.

>PoS still wins on scalability, not to mention cost
>with PoS buying enough may be simply impossible
it is easier to buy off enough supply in PoS than it is to adquire the hashpower required in PoW, especially during this bear market when everything is cheap. Besides the fact that it is better having some real world resource (ie electricity) backing/tied to your crypto, it raises confidence in investors.
>a bloated core protocol is not an advantage, it makes changes and competition harder.
the AE team has thought all this stuff, and they have tailored the chain so as to be easy to make relevant changes, which are voted upon by the community with dPoS. The core is far from bloated, Erlang is a language designed for massive networks which require 24/7 uptime, and the devs are very competent.
>as you only have to pay the energy cost for a gpu PoW.
There will be cellphones, gpu and eventually asics mining AE. The Cuckoo cycle algo makes it so that there isnt as extreme disadvantage for mining with mobile phone vs asic, as opposed to for example gpu vs asic with eth now.
>A bored billionaire recently acquired ~5% of bitcoin's hash power, thus proving that PoW is insecure against any sufficiently rich attacker.
that same billonaire would absolutely rek any PoS chain with the same or less amount invested.

Read this stuff, the ae team's been on this space for a long time they know their shit. The founder was friends with Vitalik, maybe he still is i dont know.

finder.com.au/aeternity-and-decisions-in-cryptocurrency-design-part-1-consensus

and eth doesn't?
nobody even knows how many full validating nodes ETH has but I would guess it's under 100 and shrinking

Arab Emirates. Miners love getting shat on by rich oil magnates

HAHAHA this faggot ( ) knows nothing about ecnomics

t. tezos bagholder. Enjoy your plebbitor fuckfest

>it is easier to buy off enough supply in PoS than it is to adquire the hashpower required in PoW
absolute bullshit, there's no 52M eth for sale and trying to buy it would pump the market cap into multiple trillions.
For PoW with asics it's only a matter of buying/producing enough asics, at worst it's a fixed cost of producing own asics (~$50M + cost per chip).
>The core is far from bloated
It by definition is, as bloat is anything that's not necessary. State channels work perfectly as smart contracts on the blockchain.
>Erlang is a language designed for massive networks which require 24/7 uptime
Completely irrelevant point
>The Cuckoo cycle algo makes it so that there isnt as extreme disadvantage for mining with mobile phone vs asic, as opposed to for example gpu vs asic with eth now.
That's a disadvantage, because asics lose value after the network is destroyed. If gpus or even cpus can mine efficiently it's much easier to rent them. Even if there's not enough to rent, after a successful attack they can be sold with a very small loss.
There are 12088 full nodes
ethernodes.org/network/1
ethereum network is more decentralized than bitcoin's
arxiv.org/abs/1801.03998

All claims about ethereum blockchain being impossible to verify are lies from the bitcoin camp. Download parity, even on old pc you should finish in three days, on a modern one even in one. Ssd needed.

alright then, enjoy your eth backed by absolutely nothing. There's is a reason why Satoshi implemented PoW and not PoS. By the time eth goes PoS it will be a dead coin anyway

PoS requires preexisting value, which was impossible for bitcoin.
Bitcoin is not backed by anything, mining is a cost. It wastes billions every year and can't compete with PoS. Imagine if these billions went instead into market demand.
The only question is whether ethereum manages to get PoS fast enough before some other PoS coin becomes adopted.

Why can't ETH keep PoW, but use the mint() function for token generation?

good to see at least a few people know what they are talking about and aren't just blindly shilling their shitcoins.

>There are 12088 full nodes
>ethernodes.org/network/1
these ARE NOT full validating nodes
ETH lies about their actual node count to hide the problem

they're pruned and non validating they provide nothing to the network itself and it's false advertising on ETH's part to present them as nodes

>these ARE NOT full validating nodes
they are, light nodes aren't counted as they don't accept connections.
It's not that hard to check it, you can fully verify all old blocks with parity 1-3 days.
>they're pruned
both bitcoin and ethereum have an optional pruning mode in which old blocks are deleted. In ethereum case, only Parity has it at the moment.

is this pasta?

>shilling BAT and HOLO

Patrician AF. Listen to him if you want to make it.

fuck off HOT dev.

Nope just a fren trying to help other frens.