Ethereum has blobs. Where do we go from here? • Hacker News Board

Re: Ethereum has blobs. Where do we go from here?

#141

Post by root_axis » Thu, Mar 28, 2024, 8:39 PM UTC

hot_gril wrote: post #47

ArtTimeInvestor wrote: post #36

All this crpyto technology is fascinating. But is it used for anything? I asked this in an Ask HN today, but got no answer so far: https://news.ycombinator.com/item?id=39852389 It looks like not a single HN reader is using blockchain technology for anything. If nobody is using blockchain technology outside of blockchain projects, what are the reasons we expect that some day we will? What could be a near term use case…

Its main purpose is internet currency. The only serious uses surround that via smart contracts, like decentralized exchanges or provably fair gambling (unsavory as that is). Any time someone says "the currency aspect is separate from blockchain," I'd be wary, seeing how the entire point of blockchain is decentralization via proof of work or stake. NFTs can make sense in theory as an alternative to the already-popular…

NFTs make absolutely no sense for video games collectables. As it is, video game collectables work just fine, NFTs add nothing except cost and complexity.

Re: Ethereum has blobs. Where do we go from here?

#142

Post by bawolff » Thu, Mar 28, 2024, 8:40 PM UTC

> Basically, Ethereum is no longer just a financial ecosystem. It's a full-stack replacement for large parts of "centralized tech", and even provides some things that centralized tech does not (eg. governance-related applications). And we need to build with this broader ecosystem in mind.

I have respect for ethereum. It seems like one of the few cryptocurrency projects actually trying to push those ideas as far as they'll go, instead of just being endless scams.

But still, at the end of the day, this feels like endless complexity and in the end we are just back we started: applications we could already do much better using traditional technologies.

What even is the elevator pitch use case of all this?

Re: Ethereum has blobs. Where do we go from here?

#143

Post by twic » Thu, Mar 28, 2024, 8:42 PM UTC

ruuda wrote: post #3

Havoc wrote: post #2

> proto-danksharding Points for unique naming

I used to think it had something to do with dank memes, but I recently learned it's named after Ethereum researcher Dankrad Feist who came up with the idea.

I believe he developed the idea with another researcher, Diederik Loerakker, aka Protolambda, who contributed the other part of the name:

https://ethereum.org/en/roadmap/danksharding/

Re: Ethereum has blobs. Where do we go from here?

#144

Post by giantrobot » Thu, Mar 28, 2024, 8:42 PM UTC

lottin wrote: post #126

dinobones wrote: post #73

Earlier quoted context omitted.

The day a network exists where you can reliably send like $0.001 of value with little/no fees is the day the internet changes forever. So many ideas are infeasible right now because CC fees are high, and making any payment is extremely high friction.

Why would the internet change forever when people can reliably send $0.001 with no fees?

Then it could be way shittier because every GET request will be monetized. Also your whole browsing history will be public if you're ever tied to a wallet address.

Re: Ethereum has blobs. Where do we go from here?

#145

Post by twic » Thu, Mar 28, 2024, 8:44 PM UTC

somedude895 wrote: post #25

Hendrikto wrote: post #18

Earlier quoted context omitted.

As a German, I have never heard that name, but your translation is about correct. "Rat" as in "advice" is spelled with a T, but the name might be older than that spelling.

I found it here: https://de.m.wikipedia.org/wiki/Tankred_(Vorname) Apparently the name Tanqueray, like the gin brand, is related. Names are fun!

Oh, so Tancred in English:

https://en.wikipedia.org/wiki/Tancred

Re: Ethereum has blobs. Where do we go from here?

#146

Post by bawolff » Thu, Mar 28, 2024, 8:44 PM UTC

ArtTimeInvestor wrote: post #140

vernon99 wrote: post #133

Earlier quoted context omitted.

I’ve been paying multiple people and teams remotely via btc in the past years. Even if you can send a wire, sometimes it can be cheaper/easier to send crypto. But in many cases it’s not even possible to send large amounts of money without incurring massive fees (international paypal, western union, etc). Moved hundeds of thousands of dollars this way by now for purely legal economical reasons, helping a bunch of peop…

And how do you put the crypto payments into your tax reports?

Seems pretty easy. My country's tax forms dont distinguish between how you got paid, just that you got paid. Gov doesn't care if it was through a bank, in gold bars, bitcoin, etc (capital gains they care more about of course)

Re: Ethereum has blobs. Where do we go from here?

#147

Post by lottin » Thu, Mar 28, 2024, 8:48 PM UTC

bigyikes wrote: post #38

hanniabu wrote: post #11

> Today, we have all the tools we'll need, and indeed most of the tools we'll ever have, to build applications that are simultaneously cypherpunk and user-friendly. Really looking forward to the next couple years. Everyone has been writing this off as "no killer apps after 10 years" but there's a lot that's been happening to support adoption, from scaling to improved UX. In the next couple years those should percolat…

What value proposition does crypto offer that existing solutions do not? The only reasonable answer crypto advocates can ever offer is “decentralization” and the lack of trust required. The problem is, most people are perfectly fine trusting their financial institutions. Another commenter was downvoted for saying “No one cares”, but a more precise way of putting this is “the average person doesn’t care about decentra…

Exactly. I mean, you don't even have to trust financial institutions. You only have to trust the institutions that are in charge of maintaining law and order. Everything else follows from that. And if you can't trust those, then you have bigger problems that cannot be fixed with some damn cryptocurrency.

Re: Ethereum has blobs. Where do we go from here?

#148

Post by kinakomochidayo » Thu, Mar 28, 2024, 8:48 PM UTC

bawolff wrote: post #142

> Basically, Ethereum is no longer just a financial ecosystem. It's a full-stack replacement for large parts of "centralized tech", and even provides some things that centralized tech does not (eg. governance-related applications). And we need to build with this broader ecosystem in mind. I have respect for ethereum. It seems like one of the few cryptocurrency projects actually trying to push those ideas as far as th…

> What even is the elevator pitch use case of all this?

> It's a full-stack replacement for large parts of "centralized tech"

Anti-censorship, permissionless data that lasts longer than centralized companies..?

Re: Ethereum has blobs. Where do we go from here?

#149

Post by d-lisp » Thu, Mar 28, 2024, 8:49 PM UTC

teekert wrote: post #91

EMM_386 wrote: post #82

Hmm ... "proto-danksharding" which activated the "blobscriptions protocol" so that blobs are "much cheaper than calldata", all of this helping it to become an "L2-centric ecosystem". In the end, this leaves them "not confident enough in the complex code of an optimistic or SNARK-based EVM verifier". I'm sold ... just tell me where to transfer the money.

[flagged]

When setting up my DWS on the chain I performed a fresh implementation of the flex spanning system so that sharded stakes were accordingly modulated when dilution factors are on the rise. Retro validators should never rely on the sole consideration of performative liquidity, and that's why in most use-cases, distributive-non-passing underfitted categorization of assets is preferable. Every DNP-uca implementation has proto-failure systems that allow for better mining experiences, in fact every time assets are minted you obtain by-products of the initial dilution thanks to the false commitment that is produced when pseudo-stakers correct the current derivation according to the relative spike index. That's why the tech interested me at first.

Re: Ethereum has blobs. Where do we go from here?

#150

Post by ShamelessC » Thu, Mar 28, 2024, 8:50 PM UTC

tdudhhu wrote: post #90

ArtTimeInvestor wrote: post #36

All this crpyto technology is fascinating. But is it used for anything? I asked this in an Ask HN today, but got no answer so far: https://news.ycombinator.com/item?id=39852389 It looks like not a single HN reader is using blockchain technology for anything. If nobody is using blockchain technology outside of blockchain projects, what are the reasons we expect that some day we will? What could be a near term use case…

Some days ago ICP showed it can run ML on a blockchain. While this is nice and does show that distributed computing is a real possibility I also don't think that anyone is going to switch from Amazon/Azure to ICP any time soon. But I must say the idea is really nice. It's very easy to develop Actor model based software and deploy it on ICP.

> ML on a blockchain

I would actually love it if you had a link with more info on that. Don't take this the wrong way, but my first guess would be that that basically isn't true; either it's not actually machine learning (as is understood today) or it isn't actually a blockchain but rather normal distributed computing being "verified" via blockchain somehow?

Would love to be proven wrong though.