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> I am excited about ethereum, which turns the global mining network into a Turing complete engine for arbiterless smart contracts

Until the owners (and there are owners) of Ethereum don't like the outcome of a particular contract and roll everything back for their profit/gain.

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Yup. I think the authority-less-ness of Bitcoin is what is harming it the most right now. The theft reversion was actually the moment I gained confidence in ethereum and moved half my holdings out of BTC to it. Consensus liked that move and the price went up.

If segwit becomes merged, it suffer the exact same central authority criticism, but the divided community will likely cause a shock selloff.

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