Scaling: Ethereum’s make or break challenge [video] • Hacker News Board

Re: Scaling: Ethereum’s make or break challenge [video]

#51

Post by nol13 » Tue, Jul 17, 2018, 12:03 AM UTC

mkirklions wrote: post #25

AltVanilla wrote: post #12

I 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.

but my currency runs on eth!

nolCoin is an experimental crypto-currency where anyone can make as many as they want for free (plus gas) but only in amounts of a maximum 255 at a time. then when total coins reach uint256 max no more can be made.

implemented as standard erc20 token, plus a make(address, amount) function you can use to create coins!

get yours now! -> 0xa698933897Cc176cbA5C0C31e7fF4bB5Cd3A9aE4

Re: Scaling: Ethereum’s make or break challenge [video]

#52

Post by robertk » Tue, Jul 17, 2018, 12:42 AM UTC

zby wrote: post #49

robertk wrote: post #34

Earlier quoted context omitted.

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 stan…

I think there is some typo in your comment - because otherwise - do you mean that permissionless DLT was obvious (as in anyone who read Foundations of Cryptography by Oded Goldreich could create it) and bitcoin was not a breakthrough?

Nope. I simply mean that it is not a fraud, and can provide a legitimate service in the form of a new abstraction implemented in software.

Re: Scaling: Ethereum’s make or break challenge [video]

#53

Post by niksakl » Tue, Jul 17, 2018, 11:33 AM UTC

obituary_latte wrote: post #2

Off topic but I am so entirely sick of amp/mobile pages like this that just fail so hard at delivering the advertised content. Multiple reloads, pop-up conditionals, auto-scrolling...yuck. Clicking the link briefly flashes the title of the topic followed by a blank square with a “close” X then flashes a couple of times and I land on a listing of videos none of which are the op topic. I’m not using ie4 or something -…

here is a youtube link to the video https://www.youtube.com/watch?v=976Q2cu1_DE

Re: Scaling: Ethereum’s make or break challenge [video]

#54

Post by akuji1993 » Tue, Jul 17, 2018, 11:42 AM UTC

mkirklions wrote: post #18

akuji1993 wrote: post #14

Earlier quoted context omitted.

There is the worry that there might be a whole new set of problems that will arise with this system. The other worry I have, and where I think, in the long run I will probably be right, is that, when the system collapses and cryptocurrencies' price crashes, nobody except for these few individuals will care for any philosophic reasons to support this product. People invested in crypto to make money, not to support fre…

This is why Bitcoin seems the most secure. 9 years of not breaking is pretty good. Things like IOTA and Nano use verification methods that are untested. ETH just seems wayy to expensive in POW, and seeing how they are already getting spammed in POW, POS seems insane.

The gold coin seems to be the most secure for me to be honest. If we're looking at monetary stability I'd rather have more than 9 years. Looking at our traditional ways of exchanging money, we have a history of about 6-7000 years, so that's a little more researched I'd suggest.

Honestly looking at the BTC prices right now and in the latest months, I'm seeing a few months of stability for the future followed by either a massive crash or some kind of small increase. Not really worth or secure enough to put my money into.