the way the blockchain is built
its just a computer right?
following orders with strict guidelines is what im getting about this
hard fork would be meaning there not giving in to this fuck who was able to find an exploit right?
also its a computer who decides what happens after
coins wont be usable and will never be accessed again correct?
the value of the coin is calculated by amount that exist and the more people who use them right?
taking a large sum of it and making it inaccessible will only make it rare right?
since there is less coins around and its a computer who decides how its gonna be handled correct?
same thing with btc ?
the blockchain is not a computer, it is a distributed ledger
value of the coin is calculated by whereever the demand is of buyers vs sellers. but i suppose there is also the suppy argument with bitcoin being an finite resource.
The problem is that bitcoin was old blockchain technology that you can't really call a computer. The ethereum virtual machine, is something that can fit that definition much better with its almost turning-complete capabilities. it is nice for bitcoin to log the transactions and to facilitate hashing and matching but people call ether or ethereum bitcoin 2.0 because it does all of everything it does but a lot more. that's always why they cal it the decentralize world computer or the 4th industrial revolution.
sure bitcoins may be a collectors item someday down the road but ether is the up-to-date version of how far we've advanced with blockchain technology. (or even something like the "altcoin" lisk that lets you connect your transaction-blockchain to a dapp)
>>1337782
>le ethereum is better than Bitcoin meme
enjoy your bugs and hacks mate. hopefully vitalik will keep hardforking every single time there's a fuck up
>>1337788
the bailout of a very heavily funded smart contract someone wrote to try to use the additional functionality of the evm (which bitcoin does not possess) ,
most of why the price dropped after that dapp/program/smart contract, the dao, was hacked was due to people like you that don't understand the blatant difference. But there is a reason it's going back up, and it's not because anyone is happy with a fork bailout.
if you can name any legitimate way that bitcoin is technologically more advanced than ethereum, besides just not offering comparable features in general, I will be surprised.
but ethereum is the next phase of both cutting out the payment middle men, maintaining the transaction safety and trustability of the blockchain and also added a lot more. that's why people call it bitcoin 2.0. (not just because the bitcoin mining reward will be cut in half in 2 weeks and lots of miners will switch to highly fuctional ether )
so how will bitcoin react
and thanks m8
so its not a computer but a ledger that is distributed among all computers sharing the system right?
will the halving also happen to ether?
and will the fork make ether more valuable ?
>>1337894
this halving of which we speak will affect only bitcoin specifically.
the fork could make ether more valuable because the publicity of that power will make banks and governments want to get involved in ether. they will see it as regulateable and there might be a huge influx of participation in ETH.
but the fork could make it go down because suddenly the "decentralized world computer" (the ethereum virtual machine (evm)) is not so decentralized-seeming (even though miners still have to choose prominently to go the direction of the fork and possibly more than half of them have to do so. but, one draw to cryptos that your money can't really be fucked with unless you fuck up. now the notion is out there that maybe your money can be fucked with just because someone doesn't like what you're doing...and even in the land of the free.
dapps (decentralized apps on the evm)
http://dapps.ethercasts.com/
