Ethereum hashing algorithm is optimized to be ASIC resistant, in other words you can mine it with GPU and CPU, a more accessible kind of hardware (in fact home hardware).

That's not an inefficiency, it's if anything more efficient with GPU.

The transaction problem applies to both, regardless of the mining algorithm.

The fact that I don't remember my mom ever buying us toys (dad was absent) I can say that it does make you creative.

I remember getting a few broken GI Joe from my cousin, with those, I used a screwdriver to pick up the good parts of them, and make good toys with weird arms and legs. These were supposed to be garbage but as usually having less stuff makes you more creative and I ended up with a few toys that nobody else had!

Everything, if you could, you would outsource everything, and just jump around one and it'd be so much fun.

that's this guy https://www.goodreads.com/book/show/368593.The_4_Hour_Workwe...

Tezos itself is written in OCaml: https://github.com/tezos/tezos So what you say is exactly what they did but to their chain not EVM.

I know, I was referring to that in my post. My question is why it required their own chain. Ethereum's is open source, so more bytecodes and functionality could be added to the EVM to make it appropriate for safer languages to compile down to it. I suspect the reason Tezos didn't do that is because they wanted to cash in on the hype.

Who was born first the chicken or the egg?

And Ethereum did a crowdsale. On Counterparty and Ommi. It’s literally in the first paragraph of their Wikipedia article:

>> Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale between July and August 2014.[5] The system went live on 30 July 2015, with 11.9 million coins "premined" for the crowdsale.[6] This accounts for approximately 13 percent of the total circulating supply

Ummm doesn’t a regular VC founded startup that IPOs does the exact same thing?

Some of them without even making money... actually loosing money!

If a startup never finds any paying customers, it will never IPO. The IPO is a separate step from the initial investment, governed by rules intended to protect the public. ICOs don't seem to represent anything of intrinsic value (e.g. a successful business) so the public probably faces greater danger from unscrupulous behavior.

In the biotech / pharma world, it's common for startups to IPO years before they have a single paying customer.

The difference between a biotech startup and many ICOs is that the former typically has years of validated and peer-reviewed scientific research backing up the hope of eventually having a product.

In that case, the "customers" are other scientists and drug companies that _consume_ the research, will pay for partnerships, will pay for research to be done by that lab, etc.. ICOs on the other hand don't have an acclaimed lab or anything special other than a PDF with some buzz-bullshit.

Or a startup could be paying for customers more than the customers pay them? And still IPO right? E.g.: Groupon?

That's why Altcoins moved out of SHA-256 since Doge and Namecoin days.

Find a coin in the top 100 that's not a Bitcoin fork and uses SHA256.

For Christmas, I'm giving books and I'll write a paper wallet seed in a page with some BTC in it already.

Hah probably some VC :D, really think about it.

Just tumble your coins, you'd need a super computer to find where they go. That's what things like Monero automatically do.

For tax purposes, it doesn't really matter that you laundered the money. They'll get you when you use it.

not for monero.