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bitbro

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BitShares vs Ethereum
« on: January 12, 2014, 04:41:05 PM »

Thoughts on Ethereum?

...will it catch on and when?

...and if/when/how to invest in it?

Offline oco101

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Re: BitShares vs Ethereum
« Reply #1 on: January 12, 2014, 05:18:51 PM »
« Last Edit: February 04, 2014, 06:50:28 PM by oco101 »

Offline toast

Re: BitShares vs Ethereum
« Reply #2 on: February 04, 2014, 05:30:39 PM »
Our technical team has evaluated the Ethereum proposal and design and have concluded the following:

1) Mining means the DAC will be operating at a loss or break-even at best.  No dividends.
2) Scripts will require more blockchain space and bandwidth resulting in lower transaction volume for the same level of decentralization.
3) We do not believe the scripts can efficiently implement a BitShares like market matching with automatic margin calls at scale. 
4) Merged mining would be required to secure parallel chains... this has its own challenges.
5) Mining will result in centralization one block at a time, something very bad for chains that implement markets.
6) Finding GPU developers is hard enough, defining a new dedicated language for this purpose will be even harder.
7) If you eliminate mining, then the cost of launching a new DAC is near 0 and you can simply use C++ to encode your contracts starting from a 'shell DAC' and launch without having to overload everyone not interested in your contract. 
8) NO 'competitor' thus far is willing to admit that multiple parallel blockchains will be required to handle the order of magnitude greater transaction volume an exchange experiences vs Bitcoin and this is for a SINGLE currency pair.  Imagine attempting to have every tradable market on one chain!   This will rapidly be centralized into trusted supernodes that can handle the bandwidth requirements.
9) You think bitcoin verification times have trouble scaling, imagine executing an interpreted language!

Conclusion: We believe Ethereum is an interesting computer science project with little compelling advantage in developing new DACs and many drawbacks.   

We wish them well and if their scripting language and contract design proves useful as a means for very special purpose contracts then we suspect we will be able to adapt it to a more efficient, profitable, AGS honoring DAC.
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Offline sfinder

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Re: BitShares vs Ethereum
« Reply #3 on: March 10, 2014, 02:13:34 AM »
http://www.youtube.com/watch?v=XA4O3uOxm5Ahttp://www.youtube.com/watch?v=XA4O3uOxm5A

here is a good comparison  video for BitShares vs Ethereum
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Offline xeroc

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Re: BitShares vs Ethereum
« Reply #4 on: March 10, 2014, 06:22:44 AM »
http://www.youtube.com/watch?v=XA4O3uOxm5Ahttp://www.youtube.com/watch?v=XA4O3uOxm5A

here is a good comparison  video for BitShares vs Ethereum
I am finally taking a look at that one .. thx
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Offline liondani

Re: BitShares vs Ethereum
« Reply #5 on: May 01, 2014, 03:41:55 PM »
http://www.youtube.com/watch?v=XA4O3uOxm5Ahttp://www.youtube.com/watch?v=XA4O3uOxm5A

here is a good comparison  video for BitShares vs Ethereum

the video is unavailable !!! Other link?
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Online Louis

Re: BitShares vs Ethereum
« Reply #6 on: March 13, 2016, 07:09:29 PM »
Where can I find good links comparing Bitshares and Ethereum technologies? (Pros and cons).

I need this to explain it to people.

Thanks.

Offline JonnyBitcoin

Re: BitShares vs Ethereum
« Reply #7 on: March 13, 2016, 07:34:00 PM »
Ethereum - A slow and expensive decentralised computer to be used for mission critical tasks in wider systems.

Bitshares - A fast dedicated decentralised exchange that runs on a blockchain.
I vote for liquidity and simplicity. Make me your proxy?
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Offline Tuck Fheman

Re: BitShares vs Ethereum
« Reply #8 on: March 13, 2016, 07:34:16 PM »
Where can I find good links comparing Bitshares and Ethereum technologies? (Pros and cons).

I need this to explain it to people.

Thanks.

I can't answer your question off the top of my head, but I'd like to say that BitShares and Ethereum can (and perhaps will) work nicely together one day.

So instead of (like the title of this thread) the "versus" mentality, perhaps explain how they will one day have a symbiotic relationship to defeat the current fiat based global banking system [*on knees praying*].

I think this is more important to stress to newcomers to cryptocurrency than, "Ethereum does this", "BitShares does that" ... "and no on knows which will win".

It gives the impression they are competing against each other, when in fact the only people competeting in each camp are the fiat chasing speculators who's greed has gotten the best of them [IMHO].

I'm not saying you have this attitude, but I think this should always be kept in the front of anyone's mind when discussing BitShares and Ethereum together.

BitShares does some things that Ethereum can't do (and that works both ways) or does/will do differently, but ultimately they are both doing the same thing (giving individuals a "swiss bank account in your pocket") in different ways and choice is good.

As Dan said Friday, Ethereum will be the Microsoft of Virtual Machines ... but BitShares can likely do it better, faster and easier (as of now).

Ethereum is way ahead in the funding and marketing departments, but BitShares is way ahead on the technology front IMHO.

I believe Dan once said this as well (in a better way), that one camp spends a lot of time talking to others about what it can do one day, while Dan and company sit behind their computers coding three years ahead.

If you look at some of Vlad Samfir's talks, Ethereum won't be approaching the speed of BitShares until their 4th hard fork many m00ns away.

So each one does something well and they compliment each other nicely when bundled together, I believe Rune could have something to say on that front.

Well that's just my opinion, but I'm just the village idiot so be sure to consult someone who actually knows something around here. ;)
« Last Edit: March 13, 2016, 07:37:10 PM by Tuck Fheman »
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Offline Akado

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Re: BitShares vs Ethereum
« Reply #9 on: March 13, 2016, 07:43:15 PM »
I agree with Tuck. I believe they can complement each other. Find a way for both chains to communicate (sidechains?) and we will have the first mega ecosystem with potential to do pretty much anything in the best way possible.

Like you said, Ethereum can do some things BitShares can't and vice-versa, so they just need a way to communicate in order to complement each other, giving birth to the first super crypto ecosystem with the best versatility and performance.

The best of both worlds, in a single one, while at the same time both keep their unique identities.

« Last Edit: March 13, 2016, 07:48:04 PM by Akado »
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Online Stan

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Re: BitShares vs Ethereum
« Reply #10 on: March 13, 2016, 08:03:46 PM »
I agree with Tuck. I believe they can complement each other. Find a way for both chains to communicate (sidechains?) and we will have the first mega ecosystem with potential to do pretty much anything in the best way possible.

Like you said, Ethereum can do some things BitShares can't and vice-versa, so they just need a way to communicate in order to complement each other, giving birth to the first super crypto ecosystem with the best versatility and performance.

The best of both worlds, in a single one, while at the same time both keep their unique identities.



This.

One could argue that it is even a woven braid of three chains the same way:  BTS - ETH - BTC playing nicely together.  BTS is the autobahn that ties them together while providing a DEX for all to use.  This could grow to include all blockchains that have something unique to offer.
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Offline Akado

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Re: BitShares vs Ethereum
« Reply #11 on: March 13, 2016, 08:22:43 PM »
I agree with Tuck. I believe they can complement each other. Find a way for both chains to communicate (sidechains?) and we will have the first mega ecosystem with potential to do pretty much anything in the best way possible.

Like you said, Ethereum can do some things BitShares can't and vice-versa, so they just need a way to communicate in order to complement each other, giving birth to the first super crypto ecosystem with the best versatility and performance.

The best of both worlds, in a single one, while at the same time both keep their unique identities.



This.

One could argue that it is even a woven braid of three chains the same way:  BTS - ETH - BTC playing nicely together.  BTS is the autobahn that ties them together while providing a DEX for all to use.  This could grow to include all blockchains that have something unique to offer.

Does any of CNX or Dan, assuming he does maintain contact, have the opinion of other lead devs on this, like Vitalik? What do they think about this?

We have two leading chains that would work better together, apparently. I think it would be worth having a discussion about this between both sides (BitShares and Ethereum)
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Offline BitShares News

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Re: BitShares vs Ethereum
« Reply #12 on: March 13, 2016, 08:35:02 PM »
Does any of CNX or Dan, assuming he does maintain contact, have the opinion of other lead devs on this, like Vitalik? What do they think about this?

We have two leading chains that would work better together, apparently. I think it would be worth having a discussion about this between both sides (BitShares and Ethereum)


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Offline Akado

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Re: BitShares vs Ethereum
« Reply #13 on: March 13, 2016, 08:41:20 PM »
Is that photo recent?

Would be nice if Dan could share any discussion they had in that sense,
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Offline BitShares News

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Re: BitShares vs Ethereum
« Reply #14 on: March 13, 2016, 09:11:56 PM »
Is that photo recent?

Would be nice if Dan could share any discussion they had in that sense,

No that's from a few years ago I believe. @Stan can probably confirm or deny.
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