Reviews by Tuur Demeester
All coin and product reviews by expert Tuur Demeester.
I’m skeptical of [hybrid POW/POS systems like Decred]. I’m open to it potentially working, but, to me, Bitcoin is really a mechanism to convert electricity into financial reliability. If you start to inject protocols with some energy and some voting . . . I struggle to see how that’s more efficient or better somehow or creates better reliability than what Bitcoin does.Full review
BTC/LN [analogy to] TCP/IPFull review
Bitcoin is becoming a platform—a protocol stack with many features:
- store of value
- low trust wealth transfer
- confidential transactions
- tokenized securities
- high volume payment network
- smart contracts / programmable money
[A] huge issue that Ethereum has is with scaling. By putting “everything on the blockchain” (which stores everything forever) and dubbing it “the world computer,” you are going to end up with a very slow and clogged-up system.
By now the Ethereum bloat is so bad that cheaply running an individual node is practically impossible for a lay person. ETH developers are also imploring people to not deploy more smart contract apps on its blockchain. As a result, and despite the claims that running a node in “warp” mode is easy and as good as a full node, Ethereum is becoming increasingly centralized. . . .
In my view, Ethereum is the Yahoo of our day — an unscalable “blue chip” cryptocurrency.Full review