Noah Ruderman on Ethereum

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Noah Ruderman is an engineer at Facebook and also is an advisor for Storecoin.


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Ethereum is a Turing-Complete cryptocurrency that serves as a platform for programmable smart contracts.

Decentralized computer

Ethereum reviews by Noah Ruderman

🔑 0 positive | 💩 3 negative


  • 💩

    Ethereum would have been better off supporting applications that were banned from web 2.0 rather than trying to be "web 3.0."

    2019-02-11 | Full Review

  • 💩

    Bitcoin was a 10x improvement over the wire / ACH transfer.....Ethereum 1.0 was 10x worse compared to contemporary web architecture. It was an unherently unscalable system (monolithic blockchain) competing with an extremely scalable system (modern web). The situation is so bad that they need a complete rearchitecture. Wealth transfer on Ethereum (not intended to be the primary use-case) created a baseline transaction fee which drowned out all applications with low economic value (i.e. most dapps). The dapps that did survive were less numerous and successful than what was expected.

    2019-01-22 | Full Review


  • 💩

    Ironically, code which interacts with Ethereum assets is often better suited to be deployed on cloud infrastructure rather than on the Ethereum blockchain itself.

    2018-11-18 | Full Review

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The problem is I don't think XRP has a use case. Currently its intended use case is highly speculative, yet unproven. Banks are still uninterested in the token XRP six years after Ripple was incorporated. Banks are not clueless.

2018-06-09 | Full Review


The biggest competitors for LTC and BCH? Stellar and RaiBlocks. These coins were architected for payments that provide low / zero fees, high throughput, and fast confirmation. They provide these solutions today, and there are no hidden tricks like subsidizing transactions.

2018-01-01 | Full Review


IOTA is disputing this in part because

- they lack a functional understanding of cryptography to the extent that they are taking the informal answers of as rigorous definitions;

- they lack any natural intuition about how to think about security, to the extent that they are rolling their own crypto and testing it on production systems without peer review; and

- they lack the social skills to accurately interpret the more qualitative aspects of these textbook definitions, such as what the word “negligible” means.

2018-03-04 | Full Review

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The best venture investment of the last three years wasn't a venture deal. Ethereum — 750x, liquid, and open to all.

2017-06-02 | Full Review


I have often said that Ethereum is doing it right throughout the DAO fork, and Bitcoin devs, with their fetishistic dependence on "the longest chain," their inability to change ancient code, and their obvious conflicts of interest, are on weak ground.

2017-12-18 | Full Review


Every 10-15 years, there’s a major new transition. . . . To me, Ethereum is the most important technology of the decade, for sure. I don’t even think it’s going to be questionable.

2018-04-19 | Full Review

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