Ethereum is an "idiotic idea", says Monero's principal conductor


/ Ultima / 2018/11 / moneros-riccardo-fluffypony-Spagni-says-Ethereum-is-an-idiot-idea /

Recently the main maniac of Monero, Riccardo Spagni raised some critical points of Ethereum on Twitter while answering a tweet from Joanna Rutkowska, Golem's Chief Strategy & Security Officer. Spagni, who writes under the name of Twitter "fluffypony", has characterized Ethereum as a

"The idiotic and non-scalable idea that has never promised its" world computer "promises, nor has it created decentralized useful applications with real use, nor created a robust and scalable decentralized system."

He noted that ConsenSys, one of the Ethereum development companies, has over 1,000 employees and more than all decentralized applications, except two.

Build on "things that have been tried"

A little further down in the Twitter thread, Spagni argued that the best way to create a "secure decentralized system" is to build "proven and solidly proven stuff". He believes that something like the Lightning network on bitcoins would fit the bill, but "Ethereum no".

Spagni's comments came in response to a Twitter thread from Rutkowska, who meditated on figuring "the essential characteristics _ of the details of The Ethereum (computer) vs. mere _implementation_".

Rutkowska asked on the microblogging platform if the launch of a "traditional server in the Earth orbit" would be "reasonably" a good solution like Ethereum. "

He was clear to explain that his comments should not be seen as a proposal to replace Ethereum with the satellites of Elon Musk, but he characterized his observations as more than a mental experiment on the roadmap and the essence of Ethereum.

Smart contracts are "pretty broken"

Spagni intervened on a variety of other topics in the same discussion on Twitter. He believes that smart contracts are "pretty broken" … especially because of Ethereum that encourages JavaScript developers to write smart contracts. "

Spagni also said that platform-based systems must start by solving real needs. He stressed that dApps are mostly "all solutions looking for a problem" and said that he still has to see who has defined different markets.

Spagni, who lives in South Africa, has forked the basic code of Monero with other developers to prevent the technology from dying, even if "none of us really wanted an altcoin of ours".

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