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Comment by zoshi | Hacker News Reader

Cash flow is for businesses.

Ethereum doesn’t know what it is. The rules are always changing, running a full node is practically impossible, and issuance is always changing. It’s not even clear that the features claimed in this paper will be true one year from now.

Multiple consensus failures (most recently this last month) and constant design changes do not provide a secure foundation for sound money.

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> running a full node is practically impossible

Can you elaborate?

I found it super easy to setup a full (non-mining) ETH1 node on an Intel NUC running Ubuntu. And on the same NUC I’m running two validator nodes on the ETH2 mainnet, which together have earned about 3 ETH in rewards so far. The NUC is hooked to a cable Internet connection at home, nothing fancy.

The above comment is based on a disproven conspiracy theory that claims no one knows the true number of ETH in existence, and misinformation that a single client (of many) failing to sync for ~6 hours after an upgrade was a problem with Ethereum.

So what you’re saying is that this random pdf website is the ultimate say on what Ethereum is? Not maybe what the EF has to say?

https://ethereum.org/en/what-is-ethereum/

It could be a case of the perfect is the enemy of the good though.

I mean Ethereum isn't perfect but not much else is either.

If I’m going to stick my savings in a cryptocurrency, I want the network to be stable for the foreseeable future (and be private, but that’s another story).

You can have your own network/blockchain but none would pay for it. Hence the problem.

By “private” I meant transaction privacy, which is offered by Monero.

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