What reddit users think about Ethereum & Ethereum’s Co-Founder?

submitted by mistrydeep from mistrydeep.com

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[–]AnarchySpeach 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (4 children)

Lowering the barrier to entry is a great way to introduce new people to the concept. That's all this is good for.

As cool as it is... it's just another bank. Transactions can be reversed. New coins can be instantly created without mining. Kind of defeats the whole idea of what cryptocurrency was intended to be: Outside the control of government.

It's the exact opposite of stuff like bitcoin and monero.

[–][deleted] 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (3 children)

Please educate me: HOW can new coins be instantly created without mining?

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

This is not my area of expertise, but coins like Ethereum, BNB, and Algo are made to allow user created derivative cryptos on their blockchains. Mostly these are what are called "shit coins," worthless junk that will never be worth much.

[–]JasonCarswell 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 3 fun -  (1 child)

"shit coins"

New name: cow pies.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

A cowpie is good for something tho, here's just a few of the innumerable amount of shitcoin They have no real value.