I’ve been working on smart contracts for a while now. I’ve done a lot of work on various contracts focusing on things like different ways to move funds between blockchains, where I’ve gained a deep understanding of how truly terrible cross-blockchain compatibility really is.
You would think that a guy who has been working on smart contracts literally before Ethereum existed would have seen some of the benefits coming, but that isn’t the case for reasons I’ll reveal in this post… If anything my experience only made it easier for me to dismiss Ethereum.
Here are some of my worst beliefs about Ethereum so far (but these misconceptions are by no means unique.)
Mistake 1: Dismissing how useful general-purpose blockchains are
For those who know the history of Ethereum you will know it was mostly created as a response to how limited blockchains were at the time. If you had of tried to run
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