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RE: What’s the Problem with Ethereum? What Does the Future Hold?
There are two main problems.
- Badly written smart contracts (or purposely badly written). Eg. The DAO, parity and heaven knows how many early exploits that haven't come to light yet due to lack of auditing governance. How many hard forks can the system bear?
- The timescale for the improvements to the chain. Because what you are doing is adding tape and bolting on bits. They aren't planned to be in place until 2022. That's a long time.
Ethereum was an amazing project and deserves a place in history but developers should move on and use the knowledge they have learned from it to produce something better. Something they can design from the ground up. An EOS killer, IOTA killer, Red Belly killer or whatever they consider to be the current state of the art.
Interesting, but the problem is that walking away from Ethereum wouldn’t inspire much confidence is the next project, or Buterin’s ability to solve problems. People will wonder how long will he stick around for next time. If they started again with a state of the art project, an EOS killer etc, then further down the line something else would come along to kill that, so they would be better off pursuing ways to make Ethereum scale. We have learnt that EOS has bugs in some Dapps and they say this has been resolved, but we’ll have to wait and see. PM what you think about that.
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