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↩ replying to Globe99
The first that should be mentioned is the fact that there have been no real successful implementations of a DAO with any real economic value, by which I mean an actually, functionally autonomous (that's the "A") corporation or entity living on the Blockchain. The titular "DAO" that failed back in the 2010's and caused the split between Eth and Eth classic was a sort of attempt at this... but the problem goes deeper....
↩ replying to Globe99
The real issue is the fundamental ways in which ownership is constructed in modern society. The "Eth bros", the entire VC world, essentially relies on the State to validate ownership. Thus there is a fundamental conflict between an entity or corporation that "owns itself" on the Blockchain and an actual (real-world) company that could have shareholders, investors, owners, & etc in the meat-world. So this is a situation where one system must dominate; either the Fiat or the Blockchain. Your traditional wealth, your Big houses, your Lambos, all require Fiat to ultimately be the "value base layer."
1/ I’m pro-Bitcoin. But let’s be honest: network effects are the strongest force in money and platformsβ€”and they can shift. 2/ In 2004, almost no one could forecast Facebook’s eventual dominance. Likewise, we can’t predict how Bitcoin vs. Ethereum network effects will evolve with high confidence. 3/ Different design bets shape those effects: β€’ Bitcoin: minimal surface area, monetary credibility, slow/rare changes (β€œossification”). β€’ Ethereum: programmability + faster upgrade cadence (L2s, account models, hard forks). Both attract users/devs for different reasons. 4/ Quantum risk (today): big, fault-tolerant quantum computers would threaten current signature schemes. – Bitcoin: secp256k1 (ECDSA) for transactions. – Ethereum: most accounts use secp256k1; validators use BLS12-381. None of these are quantum-safe. 5/ Path to mitigation: migrate to post-quantum signatures (e.g., lattice or hash-based). Coordination is the bottleneck, not math. Systems with more centralized/streamlined governance can usually ship such upgrades faster; highly decentralized systems move slower by design. That’s a real trade-off, not a value judgment. 6/ I still favor Bitcoin for monetary neutrality and resilience. But network effects are dynamic, and upgrade agility vs. governance risk is the core tension. Anyone claiming certainty about the end state is overconfident.
It’s really insane how there’s smart people who still don’t get it. Make me Wonder if it’ll ever get better. I mean I get why Tom Lee is doing it. He saw the opportunity with eth treasuries co to dump mnav on people so now he has to lie through his teeth and act like eth will outperform. Sadly it all comes down to money
i still don’t. know what etheruem is, and i still don’t care enough to find out. bitcoin is more than enough for me, i don’t understand how anyone has any capacity for anything other than bitcoin. how is bitcoin not so large, and monumental by its self, why so much bullshit? Something I will never understand.
I'm pro bitcoin.Till the day I die.And I'm all in with all these power-back-to-the-people...nobody-can-stop-it consensus mechanism...powerful- cryptography-and-hard-to-break mathematically-designed layer of security creation trait that bitcoin has etc.But let's be real.When we talked about ' money '...it means ...the participation of 8 billion people around the world using it as a medium of exchange for goods and services.Presently...are 8 billion people around the world using bitcoin as a medium of exchange for goods and services or aren't they? If not...then why's the value so high and where does it come from? That's right. Bitcoin's value is still based on ' fiat-ponzi-scheme ' that's being sadly manipulated by BlackRock in the market place.So is bitcoin a scam ? Let the people decide for themselves.For me..bitcoin's creation is not a scam but what is happening to it right now...is.
Mr. Mallers, others, explain to me how the Bitcoin Core Dev Team does not represent a MASSIVE form of counter party risk. Ruminating on the OP_RETURN thingy dingy ... I'm literally contemplating selling everything and just walking away. This Bitcoin has become so interpersonal , I want to scrub myself with a wire brush in an acid bath for an hour.