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Goodbye Gas Fees

every.to

51–60 of 109 posts

Re: Goodbye Gas Fees

#51

I don't really get why we have a thousand coins trying to solve the same problem that Bitcoin Cash solved in 2017. (Or, in 2009, if you accept that BCH is the same formula as original Bitcoin, and that it is Bitcoin Core that changed its design. They share the same history.) If you want cheap transactions, for actual cash-like usage rather than a "settlement layer", you need big blocks. It is not rocket science.

Big blocks cause centralization which makes the whole thing kind of pointless.

Re: Goodbye Gas Fees

#52
post #28

Earlier quoted context omitted.

They could put the resume file on ipfs and be done. They made what looks like a tech course final project.

or even better, put it on github or google drive.

or just email it or attach it to a form for whoever needs it when you're applying (which is how they'll ask for it)

Re: Goodbye Gas Fees

#53
Why is nobody talking about IOTA?! 7 years of development on feeless smart contract development and tangible results bolstered with robust private and public partnerships. Germany is bullish on IOTA

Re: Goodbye Gas Fees

#54
post #53

Why is nobody talking about IOTA?! 7 years of development on feeless smart contract development and tangible results bolstered with robust private and public partnerships. Germany is bullish on IOTA

> Germany is bullish on IOTA

that's ... not exactly an endorsement.

Re: Goodbye Gas Fees

#55
post #44

I am amused by the mental gymnastics deployed by Ethereum holders such as "It was meant to have high fees", or "High fees keep it decentralized". Guess what, BitTorrent is decentralized they charge nothing. It's okay to admit that you made a wrong investment / choice and pick another option, you can always change mind and pick a better option (I will not recommend or shill any one of them here).

...and look at the sea of unseeded torrents, basically all that is older than a few weeks and not backed by some paid/autseeded tracker or devout datahoarder (not defending Ethereum's approach here though).

Re: Goodbye Gas Fees

#57
post #22

Earlier quoted context omitted.

I still don't get it - when you give your resume to a recruiter they can rework it as they see fit, but they can't change your original. That's on your hard drive/wherever. What does Blockchain add to that? And as to a promise that the resume is truthful - thats just your assurance, what does block chain have to do with that either? Asking with genuine interest as we are in the HR space so often discussing these sort…

> That's on your hard drive/wherever. What does Blockchain add to that? Whomever is responsible for hiring can instantly and independently verify the authenticity of the resume without the friction of communicating with the applicant. > And as to a promise that the resume is truthful - thats just your assurance, what does block chain have to do with that either? We've seen lying on the resume as a huge problem that w…

> Whomever is responsible for hiring can instantly and independently verify the authenticity of the resume without the friction of communicating with the applicant.

How does whoever is responsible for hiring know to look for it on the blockchain? I have a blockchain verified resume, the recruiter exports it to PDF and modifies it, and erases any words about the blockchain from that copy. If the hiring manager is going to go looking somewhere else to check if it's on the blockchain, they can already just look at my website or my LinkedIn.

Re: Goodbye Gas Fees

#58

Doesn't this just make on-boarding users even more convoluted? You'll have to probably get a large amount of Ether and then 'commit' it to another L2 to receive whatever their backed token equivalent is. Then you'll use this token to pay for things which will have no network effect, apps, or merchants in the beginning. Basically all adoption goes back to square one while providing a confusing and worse user-experienc…

Even if you can withdraw straight to L2s, the main problem I have with this scaling solution is it is too convoluted. I have no faith in being able to explain this to people who aren't already crypto enthusiasts. It seems much easier to explain how to use a single scalable L1 than to explain a cluster of ever growing L2s and sidechains. I know there is a lot of work in the ecosystem but really this has to be masked hard with a fantastic web wallet UI if it has any hopes of widescale and longterm adoption imo. This is why I have more hope currently for Solana than Ethereum.

Re: Goodbye Gas Fees

#59
post #45
post #40

> What most people don’t know is: Gas fees on Ethereum are supposed to be high. Count me among those not in the know! I...really don't get it. Bitcoin was supposed to be a currency. Then we realized that it's too slow and too energy-hungry for that. So we retcon'ed it into, it's a store of value! Etherium was supposed to be a place for smart contracts. Then we realized it's too slow and gas-hungry for that. So...we r…

Think of Ethereum instead as the tamper-proof store for the audit log of the history of all smart contracts in the world. While in the early days you could just transact on that, it doesn't scale if everyone's trying to "write to disk" for every single transaction all at once. So the article, and the companion piece by the same author at https://every.to/almanack/defriday-2-polygon-s-surge-ethereu... describe ways to…

What guarantees there are for what happens off-chain? Because if that is garbage, the Ethereum will store tamper-proof garbage.

Re: Goodbye Gas Fees

#60
post #44

I am amused by the mental gymnastics deployed by Ethereum holders such as "It was meant to have high fees", or "High fees keep it decentralized". Guess what, BitTorrent is decentralized they charge nothing. It's okay to admit that you made a wrong investment / choice and pick another option, you can always change mind and pick a better option (I will not recommend or shill any one of them here).

...and look at the sea of unseeded torrents, basically all that is older than a few weeks and not backed by some paid/autseeded tracker or devout datahoarder (not defending Ethereum's approach here though).

If people are not interested anymore on that torrent, it disappears. Same how it happens with an IPFS file.
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