Subnostr

Ethereum maxis will even admit this... its not exactly controversial. Ethereum sacrifices objectivity to save electricity. #bitcoin burns electricity for objective consensus, because Bitcoin was built for the real world, where you can't trust your peers to be honest.

Huw 2y ago

I should have clarified what I meant.

Ethereum was built to build decentralised technologies with smart contracts and the EVM.

I know Bitcoin now has a form of smart contracts but they’re still simple in comparison.

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Discussion

geodesic 2y ago

Not sure how that relates to the OP, however, sacrificing objectivity does not empower decentralizaed consensus. At best you'll get decentralisation without consensus (e.g. everyone forms their own truth), but more likely you'll get centralization. As it pertains to OP, idk how this can be considered an improvement to Bitcoin

Huw 2y ago

I’m still new to decentralised technology and cryptocurrencies so I’ll get things wrong.

I’m not saying that Ethereum is overall better than Bitcoin. I’m saying it serves a different purpose through the use of smart contracts.

Bitcoin could develop its smart contracts out more but I don’t see that being the right move. Bitcoin is a form of currency. Ether is as well but it’s used more for paying fees for running smart contracts as opposed to goods and services