Shouldn't an engineer be able to predict how a system will scale ahead of time? asking for a friend
Scaling: Ethereum’s make or break challenge [video]
31–40 of 54 posts
Re: Scaling: Ethereum’s make or break challenge [video]
#32Earlier quoted context omitted.
I think people are overtly positive about ETH because they missed out on BTC and believed in ETH. But dApps are unused. Customers are not paying 7x the price for decentralized verification. Centralized servers can be tampered with, but no one cares about your 4th of july pictures or saved games. Unless currency, voting, or a timestamp is involved, you dont use expensive verification methods. The sheer cost of blockch…
plenty of what you say is just not right (or plain wrong). btc = monetary/value transactions. i read the paper as early and 2008 and didn't miss out on it, i just didn't care then same as i don't care now. eth = dapps. just because dapps didn't take off immediately doesn't mean they aren't beginning to get used, increasingly so, and that there isn't a lot of valuable, useful, interesting and innovative applications b…
What do you find so interesting in Ethereum Classic?
The userbase?
Re: Scaling: Ethereum’s make or break challenge [video]
#33Is scaling the real reason there are no useful applications?
Re: Scaling: Ethereum’s make or break challenge [video]
#34Great to see these young guys attempting to tackle these huge problems out of their believe that they can make "the world a better place". Not sure DLT will live up to its promise, but these guys truly believe the world is better off with trustless systems. And I cannot blame them, intermediaries, wether it be Google or Facebook, standing in between the user and the content creators, or banks, standing between credit…
Offtopic. DLT is basically a marketing fraud. Both "permissioned" and "permissionless" DLT are packed into one term. Problem is - they are vastly different. Permissioned DLT is not interesting at all from technical and social point of view. We knew how to do them for a long long time. Openness, permissionless is the key innovation introduced with Bitcoin. "Permissioned blockchains" are just repackaged tech with lot o…
Why is it a marketing fraud? As a mathematician, I can see the solution of a fully public permissionless DLT as long as (1) there is a PKI — not too hard to accomplish, (2) the generation time of ZKPs and SMPC can cross below the network latency threshold — to which I can say that I know researchers in the space and even a simple run rate calculations indicates this will be feasible soon...
I wonder whether your stance would update if you were to read Foundations of Cryptography by Oded Goldreich?
Re: Scaling: Ethereum’s make or break challenge [video]
#35Is scaling the real reason there are no useful applications?
Fungible and Unfungible ERC token are used by a lot of people.
Re: Scaling: Ethereum’s make or break challenge [video]
#36Earlier quoted context omitted.
plenty of what you say is just not right (or plain wrong). btc = monetary/value transactions. i read the paper as early and 2008 and didn't miss out on it, i just didn't care then same as i don't care now. eth = dapps. just because dapps didn't take off immediately doesn't mean they aren't beginning to get used, increasingly so, and that there isn't a lot of valuable, useful, interesting and innovative applications b…
What do you find so interesting in Ethereum Classic? The userbase?
The dude has no clue.
Listed 0 applications but said "Yeahh man its gonna happen"
Sounds like the idiots on /r/cryptocurrency, doesnt sound like a programmer.
Re: Scaling: Ethereum’s make or break challenge [video]
#37I think for a cryptocoin to be useful in the real world, scaling and quick transaction times has to be a priority from the start of the design. Its not something you can fix, as an afterthought. That's why I like xrp. Low transaction times, and it scales well. It is permissioned in the sense that every validator-node needs to keep a list of all the other validator nodes it trusts. Which means validators without a rep…
It's easy to scale when your transactions are basically only tcp/ip messages between trusted nodes. There has to be a bettwer way...I'm personally in favor of dPoS (delegated proof of stake) networks, that can have high throughput without sacrificing decentralization, with consensus achieved by representatives that can be changed by everyone in the network. Still, xrp might have applications in the banking world, tim…
I am concerned that dPOS will lead to cartel like organizations in the long run as the rich get richer and can vote for themselves
Re: Scaling: Ethereum’s make or break challenge [video]
#38Earlier quoted context omitted.
I use the term DLT as, for example, DAGs are not exactly blockchains if I'm not mistaken. They have no blocks, just transactions. It had nothing to do with permission.
Not all DAGs have blocks however many DAGs do have blocks. BlockDAGs are usually considered blockchains.
I wasn't aware of that. Thanks for that insight!!
Re: Scaling: Ethereum’s make or break challenge [video]
#39Ethereum is talking about 2020 as its target for scaling upgrades. There are other projects that haven't launched yet that probably have an advantage over them, as so long as it can integrate with Ethereum rather than claim it can totally supplant it. There are projects like Cardano and Zilliqa, but then there are some like Orbs that are using blockchain virtualization claiming it can work in tandem with Ethereum. I…
Cardano has stalled for so long that I stopped waiting. I hear great things about EOS from people I trust, though, I need to look into that.
EOS has essentially taken the worst part about the blockchain technology (slowness and expensive operations compared to a centralized solution) and merged it with the worst part about a centralized technology (human mistakes, cartels, collusion, oligarchy).
Re: Scaling: Ethereum’s make or break challenge [video]
#40I think for a cryptocoin to be useful in the real world, scaling and quick transaction times has to be a priority from the start of the design. Its not something you can fix, as an afterthought. That's why I like xrp. Low transaction times, and it scales well. It is permissioned in the sense that every validator-node needs to keep a list of all the other validator nodes it trusts. Which means validators without a rep…
XRP is a currency, ETH is supposed to be a smart contract platform. I believe in cryptoCURRENCY, as people do pay extra for validation in currency. XRP and Monero are both designed for payments. ETH, is being used as a currency, but this is a mistake. ETH is designed to run apps, and is doing that poorly.
I would say that Ethereum is the smart contract platform, but that Ether (ETH) is a currency. That's based both on how it's used, and on how the protocol separates normal transactions from smart contract interactions (including token transfers).
I like the fungibility that Monero offers (making it similar to cash), but I just can't wrap my head around Ripple. I always associated cryptocurrencies with decentralized and trustless (at least at its core), neither of which seem to apply to Ripple. I would have preferred a "trusted party" system on top of a decentralized one to get higher transaction speeds, e.g. when the stakes/amounts are low.