Ethereum is full of bugs
That is the view of tech entrepreneur Jack Dorsey, who says that Ethereum contains many flaws that could have significant consequences.
We know Dorsey as co-founder of Twitter. He has become very rich with this and he is now also active on the blockchain. Of course there is an opinion on that. He claims that when developers build on Ethereum, they have “at least one, if not many, single points of failure”.
Errors in Ethereum
Jack Dorsey doesn’t seem interested in anything related to the Ethereum network. He criticized the project last week. The Twitter conversation started when Ethereum co-creator Vitalik Buterin talked about Elon Musk and Twitter. “I’m not against Elon running Twitter, but I don’t agree with the more general enthusiasm for rich people/organizations that hostilely take over social media companies,” tweeted buterin. According to him, this can go wrong very quickly.
Dorsey agrees with this tweet. After Buterin’s tweet, Dorsey replied “same thing”, going on to say: “I don’t believe any person or institution should own social media, or media companies more generally. It must be an open and verifiable protocol.”
Comments
In response, Dorsey explained that in his opinion, the Ethereum protocol has one and maybe even many single points of failure. “If you build on Ethereum, you have at least one, if not many, some points of failure and therefore not interesting to me.” There were many reactions to this.
Bitcoin proponent Jeff Booth agreed with Dorsey’s criticism of Ethereum. “More entrepreneurs are going to figure this out the hard way in the coming years,” he said. “Building on quicksand is a terrible long-term strategy,” Booth added.
However, software developer and former Slock.it executive Christoph Jentzsch disagreed with Booth’s view. “If you’re building on the Ethereum protocol, no,” Jentzsch said. “If you’re building with a single dependency on Infura, Metamask, and a few others, then yes.
