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Which Die Shrink do you want this Friday? (Patreon)

Published:
2020-02-12 15:55:01
Edited:
2020-02-12 17:23:52
Imported:

Content

Of these 3 subjects, which do you want to hear me and Dan discuss this Friday?



P.S.  Voting for next season will be soon!

Comments

DeusNightFire

Just a small question that is not related to any of this. But could you tell me the difference between ETH and BTC? Maybe that'll be a banter at the beginning of the podcast?

MooresLawIsDead
>>32398575

Next week will be a Tom and Dan episode, after that is the Bitcoin episode (still finishing editing it). I may do a last minute telegram for the Tom and Dan episode though, you can ask there. Otherwise I will say this: Bitcoin is about store of value, and stay decentralized so no one can control it. Ethereum was supposed to be about decentralized apps, but it cannot scale - and it is controlled by an oligarchy.

Edward Huff

Didn’t vote for it but self driving from a chip perspective may be interesting. TESLA, Qualcomm, Nvidia and Intel all of custom chips out or in the pipeline.

Matt Hartley
>>32398575

Two months late, but I just subscribed. BTC is merely a currency. You can transact with it, you can save it, its great. ETH is an attempt to do more with blockchain technology than mere money. They do this with smart contracts. A typical example is rent, you could have a rental smart contract, and if there is not a transaction of you sending money to your landlord each month, you get locked out of the apartment, depending on the terms of the smart contract. Frankly, I think that this aspect is useless as the hard parts of contract enforcement still involve lawyers and strongmen, so the value add is small at best. However, the biggest smart contracts on the Ethereum blockchain are virtual tokens, which are their own cryptocurrencies with any features the developers want, but share the Ethereum blockchain. This can lead to bloat as cryptokitties bought Ethereum to its knees back in the day. The biggest use of these as of a year ago when I was really paying attention was developing new cryptocurrencies. Developers could sell featureless coins to people promising that after the coin is ready they will get the actual coins, and the developers could use the money to pay themselves and their staff. This is the history of EOS, for example. As far as the scaling is concerned, it scales worse than bitcoin cash does (this only helps if you know the difference between bitcoin and bitcoin cash), and as stated previously, could not scale well enough for the first truly popular smart contract. As Tom said, it is controlled by a guy named Vitalik Buterin. There was a bug in a huge smart contract that completely destroyed lots of people's portfolios. If Ethereum was decentralized, then the response would have been "tough, you trusted your money to a bunch of coders who made a mistake and got burned". Instead, the response was "we are going to fork off before the bug destroyed everything, abandon the old blockchain, and develop only on this new fork". The old fork is now called "ethereum classic". I don't know if this was the wrong decision, but the idea that Vitalik can look at a transaction, say "I don't like that", and the transaction goes away gives people pause. Hopefully this gives the context you wanted