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Author Topic: [2017-06-22] Vitalik's Quantum Conundrum - ETH's Ethical Quandry  (Read 4989 times)
TraderTimm (OP)
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June 22, 2017, 05:20:47 PM
 #1

Link: https://medium.com/@tradertimm/vitaliks-quantum-conundrum-34b4a6b30a28

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Vitalik Buterin, a russian programmer and co-founder of Ethereum, is the vocal leader of the ETH project. With such visibility, scrutiny is inevitable. What is starting to emerge from Vitalik’s past is not very encouraging.

Before ETH, Vitalik was interested in mining for Bitcoin. So much so, that he decided the only way to make any decent money would be to pursue the rather arcane method of simulating a quantum computer.

A brief overview of a prior project Vitalik was involved in, and some market events in the ETH ecosystem.

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June 22, 2017, 06:38:24 PM
 #2

TL;DR: Ethereum is doomed to failure because a previous Vitalik start-up failed (badly).

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June 22, 2017, 10:59:47 PM
 #3

It certainly raises some interesting questions about developer anonymity and whether the trustworthiness of an individual has bearing on the code they produce.  Would people feel differently about Bitcoin if Satoshi was ever identified and had made questionable decisions on any previous projects they might have been involved with?  It seems clear that something as groundbreaking as Bitcoin couldn't possibly have been someone's first rodeo, so it's likely that some errors were made on the journey to get there, we just may never know what they might have been.  Therefore, would we be treating ETH differently if Vitalik had never revealed his public persona to the world?  And does any prior transgression detract from what is now peer-reviewed code in the wild?

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June 23, 2017, 05:52:00 PM
 #4

It certainly raises some interesting questions about developer anonymity and whether the trustworthiness of an individual has bearing on the code they produce.  Would people feel differently about Bitcoin if Satoshi was ever identified and had made questionable decisions on any previous projects they might have been involved with?  It seems clear that something as groundbreaking as Bitcoin couldn't possibly have been someone's first rodeo, so it's likely that some errors were made on the journey to get there, we just may never know what they might have been.  Therefore, would we be treating ETH differently if Vitalik had never revealed his public persona to the world?  And does any prior transgression detract from what is now peer-reviewed code in the wild?

It is quite funny sometimes how we usually shout praises for somebody of his accomplishment and when there are no more  areas of that person we like to talk about, we go and scrutinize that person's past errors. This is also an approach popularized even by the mainstream media...like a love and hate relationship. We praise and then we surgically scrutinize.

Now, having said that, we have to realize that nobody is perfect. Steve Jobs was a great man but he had his share of failures and mistakes too. Expecting somebody to look and feel like an angel can be beyond comprehension. Maybe it is enough that somebody made a great contribution for the advancement of humanity.

Entrepreneurs are humans too and there is actually that tendency to get into failures before seeing some success. While there is nothing wrong to resurrect someone's past in light of how we have this tendency to scrutinize others more then we do ourselves, it should be made as an inspiration that somebody, despite some failures, decided to continue his journey for success.
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June 23, 2017, 06:45:23 PM
Last edit: June 23, 2017, 11:19:53 PM by Nagadota
 #5

It certainly raises some interesting questions about developer anonymity and whether the trustworthiness of an individual has bearing on the code they produce.  Would people feel differently about Bitcoin if Satoshi was ever identified and had made questionable decisions on any previous projects they might have been involved with?
But there's a very important difference.  By the time that Bitcoin was a significant project and the biggest bugs had been ironed out, satoshi no longer had any influence (post-December 2010).

Vitalik has a huge amount of power and responsibility as a public figure.  With the amount of control that he has over Ethereum to dictate its entire future, it's clear that he should be personally questioned and scrutinised.

Furthermore, when there are elements of ETH that appear problematic, like the scaling problems that it's experiencing similarly to Bitcoin, it's reasonable to think that when Vitalik is willing to take people's money for things he can't do, he might be out his depth with this one as well.

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