>Ethereum is a decentralized platform that runs smart contracts:

There is literally a hello world smart contract on their github if you spent more then 30 seconds researching it.

>>61083260
>>>/biz/
back you go

>>61083260
>pay a bunch of contract processing fees and get several hour latencies and shit processing speed for your data!!!11
Why in the fuck would anyone do this instead of just paying for AWS or Azure?

>>61083343
Presumably because it's substantially cheaper.

>>61083343

The virtual machine part isn't even around yet. Right now it's just people making stupid shit like vending machine contracts and ICO's for other shitcoins.

>>61083353
>substantially cheaper
First I was laffin but now I'm just angry.

>>61083260
> applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
how is this different than running the program on your own computer?
this is significantly more complicated and if you really need the extra computing resources, AWS will do the job
I mean, I guess it's basically a jewish way of getting cloud computing? but it's vastly more complicated and error prone because you have to write your program as a smart contract?

on the plus side, it actually appears to be a way of providing the currency with some inherent value, as opposed to other cryptocurrencies which are inherently worthless

>>61083260
I feel like everyone is just criticizing this point:
>without any possibility of downtime

without considering how important this is:
> censorship, fraud or third party interference.

Having a decentralized system that can be trusted by everyone is pretty damn powerful when you can program anything on top of it.

>>61083260
It's unscalable trash.

>>61083467
>AWS will do the job

Having so much computing power centralized isn't always great for security. AWS has been under attack by DDOS multiple times and even went down when a database noob accidentally entered the wrong command in their system.

It's more about your application running on a trustless and decentralized system than trying to outdo AWS in pure hosting.

>>61085268
>It's more about your application running on a trustless and decentralized system than trying to outdo AWS in pure hosting.
Eth developer track record is so good they had a race condition and had to fork the fucking currency just to fix it.

File: 1493244050565.png (31KB, 416x436px) Image search: [Google]

31KB, 416x436px

>>61083260
>>61085225
>without any possibility of censorship, fraud or third party interference.
>just ignore how we undid a transaction caused by faulty code in our friends smart contract thus killing the entire promise of no third party interference
:^)

>>61086480
Ethereum classic is the real deal.

>>61086526
It would be if it wasn't still Ethereum
There's way too many things wrong with the EVM and everything around it
>http://nakamotoinstitute.org/mempool/ethereum-is-doomed/
Also, ETC it's still mostly made to spite ETH faglords, it doesn't have much purpose aside from keeping the immutability ETH promised at first

>>61086480
>uding the smiley with a carat nose