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MetaMask now has over 8M users

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11–20 of 61 posts

Re: MetaMask now has over 8M users

#11

I guess a lot of people want to spend $200 in gas fees to buy a URL to a JPEG that comes with no rights whatsoever to the image itself. What a time to be alive. Maybe I was wrong, maybe the Fed's loose monetary policy has gone too far after all haha.

I think the main point is that people are happy to do so cause they can sell that JPEG for more later on

The gas problem is well known and it has been addressed with the London upgrade

Re: MetaMask now has over 8M users

#13

I guess a lot of people want to spend $200 in gas fees to buy a URL to a JPEG that comes with no rights whatsoever to the image itself. What a time to be alive. Maybe I was wrong, maybe the Fed's loose monetary policy has gone too far after all haha.

BAYC gave rights to NFT owners, and that's why they became the example. Larva Labs / Punks is doing it wrong IMO.

Re: MetaMask now has over 8M users

#15

And all the calls go through Infura which runs on AWS. Joe Lubin (former Goldman Sachs) owns ~50% of both Metamask and Infura. Centralized much?

I vouched for this comment as I believe it has a point: I think decentralised systems in general have a tendency to yield centralised hotspots for convenience and scalability reasons as networks grow, but in the case of blockchains and Ethereum in particular, running a full node (that can provide the functionality of Infura for instance) is becoming extremely infeasible. I acknowledge that this is still much more dec…

You can run a full node on AWS in a couple of minutes, they've a managed Blockchain service that allows you to create an eth node in literally a few click.

Not sure what's infeasible for you, but to me that sounds pretty reasonable.

If you've the skills just download geth and run it yourself in your own hardware. There are people who do this on a daily basis to mine eth and they're not hackers.

Re: MetaMask now has over 8M users

#16

And all the calls go through Infura which runs on AWS. Joe Lubin (former Goldman Sachs) owns ~50% of both Metamask and Infura. Centralized much?

I vouched for this comment as I believe it has a point: I think decentralised systems in general have a tendency to yield centralised hotspots for convenience and scalability reasons as networks grow, but in the case of blockchains and Ethereum in particular, running a full node (that can provide the functionality of Infura for instance) is becoming extremely infeasible. I acknowledge that this is still much more dec…

You can buy a ~$500 intel NUC, install Geth, and run a full node in less than an hour.

For an archival node you might also need to buy a large hard drive, but it's feasible.

Re: MetaMask now has over 8M users

#18

Earlier quoted context omitted.

I used to mine ETH to heat my condo, but at some point mid way through H1 it stopped being interesting. I'd love to know if I'm being counted.

According to Joe Marini (previously Lead Developer Relations for Chrome Web store): > The number [of weekly users] you see in the Chrome Web Store is the amount of users whose Chrome browser has checked for an update of your app within the last week. It is not the number of people who have installed your item. Source: https://groups.google.com/a/chromium.org/g/chromium-apps/c/S...

Except chrome will check for update automatically regarardless of whether you use the extension or not.

Re: MetaMask now has over 8M users

#19

And all the calls go through Infura which runs on AWS. Joe Lubin (former Goldman Sachs) owns ~50% of both Metamask and Infura. Centralized much?

Yes, when infura dies - the music stops in eth world. And since lots of other tokens run on eth - music stops for them too. It’s a joke of a “decentralized” system, really.

Edit: don't read this as "when in future Infura dies", this has already happened in the past and huge chunks of crypto world were left stranding.

Re: MetaMask now has over 8M users

#20
post #16

Earlier quoted context omitted.

I vouched for this comment as I believe it has a point: I think decentralised systems in general have a tendency to yield centralised hotspots for convenience and scalability reasons as networks grow, but in the case of blockchains and Ethereum in particular, running a full node (that can provide the functionality of Infura for instance) is becoming extremely infeasible. I acknowledge that this is still much more dec…

You can buy a ~$500 intel NUC, install Geth, and run a full node in less than an hour. For an archival node you might also need to buy a large hard drive, but it's feasible.

That’s not a full node, that’s a “fast sync” node that has to trust third parties about state of the chain.
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