Bitcoin Forum

"Smart Contracts" will never amount to anything. It's just a phrase people throw around to create excitement to pump up the value of worthless coins. It's all pie in the sky. When people finally come out of the "ether", 'pun intended,' they will realize it was all smoke and mirrors.

K.

FUCK, really? how can we tell microsoft, jp morgan, intel, tesla, netflix, tesco, uber, sirius xm, viacom, and apple...?

OP is right. The stupidity and hype around "Ether" bullshit is unbelievable.. but i guess crypto people will pretty much believe anything.. that's why they support totally unscaleable premined stupidity like "Ether" along with all these bullshit ethereum tokens which will also never amount to anything

it is true, and the smart con tract is created by Nick Szabo, Google Nick Szabo but got scam by butterin.

what is actually smart contract means ?

How can you tell IBM, R3 or the DAO using etherium and now abundant or just f@ck up with it and hundred of millions being wasted? chance the employees of companies above being paid by this guy,
http://money.cnn.com/2017/04/20/investing/mike-novogratz-bets-big-on-bitcoin-ether-blockchain/index.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_latest+%28CNNMoney%3A+Latest+News%29

He invested tens and hundreds of millions in this scam etherium at around $1. Just imagine when he old or sick and decide to dump, it would be worth nothing.

It is a control and release mechanism, any coin can do this, example bitbay already able to code this in his working wallet, but this scam etheriuem hype is beyond control, probably because of that billionaire guy and polionex.

Ethereum may not have the best implementation but a blockchain capable of running smart contracts is indeed a big deal.  Don't know why you would be against this kind of thing, it's idiotic if every blockchain just tries to be digital gold or cash.  I don't own any ethereum mostly because I think the price runup is based on a lot of hype and hope but to dismiss it is ridiculous.

best argumentation ever. If you do really believe in what you say could you at least explain and give arguments ?

There's probably a lot of hype around ETH and ETH principle, some leggit, some not.
Believing that we could put any kind of process through a decentralized VM is probably stupid. Believing that all legal processes that requires trust into full automated mechanisms is being a fool.

But believing that nothing can be done from decentralized and trust-based decentralized system is being as stupid as the two positions i described before.

OP... I think time will prove you wrong. Smart contracts are in their infancy, and we already have useful ones. The space will take time to develop, as complicated smart contracts can't be developed overnight. Although you may not see the value now, I think the value will be more easily perceivable in a few years once more working smart contracts are in the wild.

Time proved this fool wrong already. There are alot of succesful usage of smart blockchain technology. Latest example is probably the book released by google on ethereum.

He is just hoping he can FUD the price down so he can buy more. This guy has a really inflated sense of his influence on this forum if he thinks he can do that hahahahaah.

I think ETHER is a really awesome platform, if you do more research, you would never publish such OP. ETHER is powerful, therefore so many big projects are based on ETHER.

Can you name some projects based on ETHER please?
And how ETHER is better than ROOTSTOCK, COUNTERPARTY or  OMNI LAYER?

Sure, you'll find many here : http://dapps.ethercasts.com/ (http://dapps.ethercasts.com/)

You're welcome  :-*

this is exactly why people hate ethereum so much and call it as shit. because it is full of shills like you who use any opportunity to spread lies in order to hype up the coin and make more money. this centralized overlords that you are advertising for are getting richer and richer while you earn pennies.

here is the lie part:
this book has nothing to do with google, but a google employee. there is a difference.
it also has nothing to do with ethereum nor smart contracts, but with blockchain technology that bitcoin has introduced. there is another big difference.

in the words of Tea Uglow, creator of this book (A Universe Explodes):

p.s. on a related note, i kind of disagree with OP, because i believe "smart contracts" are a good thing. but you shouldn't mistake "smart contract" with the projects like etehreum. it is the same as "blockchain technology" it can be used by bitcoin in a good way and have real adoption and usage but it can also be used by a shitcoin with 0 usage and only pump and dump.

Which one is big?

the DAO and R3 are big, both worth hundreds of millions each but all failed to oblivion

R3 is still around; but, they abandoned ETH after testing it early in 2016. They went on to test various competitors platforms and then developed their own. Now they are just another Ethereum competitor among the many.

R3 abandoned the etherieom because it failed, or some bad reason behind it, they can't just abandoned it in good term. IBM also about abandoned it.
everyone whose comes to use this crap got burned or abandoned after they have made ton of money. they hype and use this crap because it's easy to scam people, it a rich quick thing by mentioning it.

Smart contract are not something bad or unneeded feature. It is rather general problem with mass creation of useless atlcoins.
Even 'smart contract' platform will be worse and worse because there are too many of them.
Saying that smart contract is useless is like saying that blockchain tech is bad because we have some random altcoins.

R3 failed as a consortium, they reached the conclusion that they do NOT need blockchain technology for what they were testing. That has nothing to do with ethereum and they are not really an ethereum competitor, it's like comparing apples to oranges.

I would take a more nuanced approach. Something like: Smart Contracts may or may not have long-term value, but it's unrealistic to think a half-dozen smart contract based platforms can all succeed. If you think they can, I have some doge coin to sell you. Pick one or two most-likely winners, and hodl.