New Kid on the Blockchain
Ethereum could quickly outdate itself by defining a fixed language. How will the language adapt? Very slowly by consensus if Ethereum hopes to become a large market player.<p>Bitcoin could be easily made Turing complete. If each transaction can store 80 bytes of information, then one could use 48 bytes to store code and the remaining 32 bytes to refer to another transaction storing the next block of code and thus chain together code. Unless I am missing something, a new currency is simply unnecessary, and will always be at a second-mover disadvantage.<p>Soon, I am sure a prototype of what I described will be released on bitcoin thus obscuring Ethereum. A solid use-case for distributed computing would be distributed HTTP delivery. If ethereum could offer a product for decentralized web-hosting, then I would buy into their product, but until then the whole situation is just vaporware to me.