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Ethereum has blobs. Where do we go from here?

vitalik.eth.limo

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

#171

Post by pa7x1 »

PoignardAzur wrote: post #137
everfree wrote: post #89

Earlier quoted context omitted.

The actual quote is "we are not *currently* at the point where we can be confident enough in the complex code of an optimistic or SNARK-based EVM verifier". The article seems to imply that "in the end", they will be.

Something tells me that even if/when the optimistic or SNARK-based EVM verifier is production-ready, the person you're replying to will still feel somewhat unconvinced.

Very likely, but if they get it sorted out one day he will be using it without knowing.

If you have no interest whatsoever and they start explaining to you all the cryptography behind establishing a secure connection to your bank most people would dismiss it as mumbo-jumbo. But now you can tell your grandma to look out for the little green lock on the web that makes her account secure.

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

#172

Post by hot_gril »

vernon99 wrote: post #129
hot_gril wrote: post #110

Earlier quoted context omitted.

But you're sending that $100 from another computing device, and if you're not trusting a bank-like entity to hold the cryptocurrency for you, you're responsible for securing all your money on that device without locking yourself out. On the other hand, having some money outside a bank is nice. I've had them freeze my assets before just cuz they felt like it, until I spent a whole day telling them to fix it.

Having a couple hardware wallets in different places + a paper backup split in a couple pieces gives you enough redundancy not to worry about this. Source: my own experience of close to 10 years now.

So where do you store the paper?

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

#173

Post by shuntress »

Version467 wrote: post #127

As far as I can tell, the only cryptocurrency that actually delivers on its name (i.e. being used as a currency) is Monero. Sure, it's all drugs and stolen credit cards, but it does undeniably solve a real world problem for its users instead of just being used as a vehicle for speculative investment. With that said, I think if anyone comes up with a "killer-app" for crypto, then it'll be on the Ethereum chain. They s…

The "Killer App" for a cryptocurrency would be the ability to use it as a currency.

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

#174

Post by ForHackernews »

> On March 13, the Dencun hard fork activated, enabling one of the long-awaited features of Ethereum: proto-danksharding (aka EIP-4844, aka blobs). Initially, the fork reduced the transaction fees of rollups by a factor of over 100, as blobs were nearly free. In the last day, we finally saw blobs spike up in volume and the fee market activate as the blobscriptions protocol started to use them. Blobs are not free, but they remain much cheaper than calldata.

> proto-danksharding

> rollups

> blobscriptions

> calldata

I realize this post is the High Priest of Ethereum preaching to his disciples, but we are deep deep into "how many angels can dance on the head of a pin?" territory here.

Does anyone know if you can use multiple slurp juices on a single danksharded blob?

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

#175

Post by Zetaphor »

PufPufPuf wrote: post #121
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.

I wouldn't be surprised if all that was just a made up jargon and this was a joke article. But again, it's about blockchain, so the line is thin.

There's actually interesting technology being developed here in the areas of distributed computation and zero trust systems. The implementations of Zero Knowledge Proofs and ongoing work on ZK-SNARKS I personally find most fascinating.

There's a lot more to this ecosystem than just speculation. At it's core is a distributed world computer but all anyone knows about is money.exe because this stuff is immensely complex.

If you look into the researcher rather than paying attention to the soyjack youtube thumbnails you'll find the actual substance. Nobody is going do the work for you. Or you know, just write it all off with a snide joke because "crypto bad".

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

#176

Post by ForHackernews »

orthecreedence wrote: post #6

I'm so out of the loop these days...I've written off blockchain junk almost entirely. Can someone break down what blobs are? Is this some kind of temporary place for transactions to go so they aren't charged fees individually? EDIT: NVM, I RTFMed https://ethereum.org/en/layer-2/ . I wonder what the trade-offs of layer 2 protocols are. Less secure?

Layer 2: It turns out "blockchain technology" works a lot better if you do all the important stuff off-chain.

I predict that by 2030 the cryptocurrency nerds will have discovered SQL and transaction audits.

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

#177

Post by pazimzadeh »

pavlov wrote: post #168
rglullis wrote: post #139

Earlier quoted context omitted.

One of the things that made me less skeptical of Ethereum was that Vitalik has consistently argued based on his view of "Ether as digital oil to power the blockchain", which is to say that the point is not to just hodl, but to create a core technology that can enable different applications. I still think that we should not forget the "I need a censorship-proof way to send money to someone overseas" story, but mostly…

> “Ether as digital oil to power the blockchain” This has made you less skeptical of what he’s peddling? That slogan is a series of red flags in only eight words. He could be selling actual snake oil.

Actual snake oil has actual benefits. It's fake snake oil you want to avoid.

Effect of Erabu Sea Snake (Laticauda semifasciata) Lipids on the Swimming Endurance of Mice https://karger.com/anm/article-abstract/51/3/281/41756/Effec...

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

#178

Post by ForHackernews »

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…

> What could be a near term use case?

Ransomware, evading currency controls, funding North Korea.

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

#179

Post by Zetaphor »

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]

Just because you're unfamiliar with the technology doesn't mean it's nonsense. The failing is yours in actually looking into these things rather than trying to be funny.

If you explain to most people how a TLS handshake works it will sound to them as equally nonsensical. This technology is complicated, this article is targeted at an audience that understands the technology, not one that needs a "My first introduction to distributed computing"

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

#180

Post by maxcoder4 »

angry_albatross wrote: post #35
everfree wrote: post #28

Earlier quoted context omitted.

This article isn't about tokens. If you believe blobs are "nonsense" that should be called out, I think that's an interesting discussion space to enter.

I was just repeating the quoted comment from the post I was replying to. Wasn't intending to say that the article was about tokens. More generally, I would say that Etherium itself is mostly nonsense. I will admit I don't understand very well what the purpose of the "blobs" are that are being discussed in the article, but from my perspective the entire idea of blockchain technology is not useful. I have yet to be con…

>More generally, I would say that Etherium itself is mostly nonsense.

It's "Ethereum". You can't even write the name of the project correctly, so how can I trust you expertise on that?

>I will admit I don't understand very well what the purpose of the "blobs" are

But we're talking under a link to a post about blobs? Sounds like an important context.

>from my perspective the entire idea of blockchain technology is not useful

Instead of trying to discuss that (and I could) - on HN there are plenty links to thinks I don't consider useful, like retrocomputing, programming in AGDA or yet another rust rewrite of some tool. I don't go around and leave nonproductive comments there, i just don't click them. Why do you feel a need to do so?

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