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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?

#221

Post by hot_gril »

benreesman wrote: post #214
hot_gril wrote: post #165

Earlier quoted context omitted.

I'm not against cryptocurrency at all, but you're saying that Dr. Liskov was researching algorithms for that purpose when she really wasn't. Byzantine fault tolerance has lots of other applications, in fact if you search "currency" in the paper she worked on, you'll only find a single match: "concurrency." https://pmg.csail.mit.edu/papers/osdi99.pdf

I didn’t say Dr. Liskov was doing pBFT research for the express purpose of promoting cryptocurrency as an application, I said Professor Liskov was working on “blockchain tech”, it’s therefore pretty cheeky to call “blockchain” “junk”, and I said that she not only persisted in but increased the scope of such research during a period of time when it was impossible not to know this is how the technology is being adopted…

Ok, you said Professor Liskov was working on blockchain tech. Is that the point? Because no, she wasn't.

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

#222

Post by defiamazing »

smoovb wrote: post #169
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…

My (non-crypto) company uses USDC daily on L2 Arbitrum for international settlement, and have seen the fees drop to a few cents per transaction with the release of blobs. We have replaced the need for wires/TransferWise/Revolut on several of our routes.

There is absolutely no reason for USDC to be on a blockchain other than to interact with DeFi. Once DeFi hype dies USDC will be outcompeted by a centralized solution. It's multisig controlled anyway so it's the same thing.

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

#223

Post by thisgoesnowhere »

SideburnsOfDoom wrote: post #203
danpalmer wrote: post #163

Earlier quoted context omitted.

In many parts of the world people are basically cash-only and don't pay fees for handling money most of the time. The "unbanked". This is the market Ethereum wants to serve. Also I'd challenge 10-20 transactions per month. I think in many near cash-less societies it might be closer to 5 per day.

> The "unbanked". This is the market Ethereum wants to serve M-Pesa got there first, and without the taint of cryptocurrency. It's a real, deployed, working system at scale, and has been for years. The idea that a "hope to serve" after a bit more crypto tech innovation will open an untapped market ... well, I wouldn't take it seriously. It's wishful thinking at both ends of the supply and demand equation.

You can't invest in M-Pesa tho so it's obviously very bad /s

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

#224

Post by agumonkey »

Zetaphor wrote: post #175
PufPufPuf wrote: post #121

Earlier quoted context omitted.

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…

coti is also using dags for some reason

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

#225

Post by shuntress »

dinobones wrote: post #73
hot_gril wrote: post #47

Earlier quoted context omitted.

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…

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.

This is something that feels pretty lost in most modern crypto discussion.

It's evident in literally the first line of the bitcoin whitepaper:

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution"

If paying a random person online was as easy as dropping a quarter in a cup the internet could be a very different place.

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

#226

Post by thisgoesnowhere »

Destiner wrote: post #218
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…

Here's an elevator pitch. Your twitter/facebook/github account gets banned, what do you do? With farcaster/lens/radicle, it's impossible.

Direct RSS from the source does this as well. What's the difference?

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

#227

Post by conradev »

> 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.

> The Daimo wallet is explicitly describing itself as Venmo on Ethereum, aiming to combine Venmo's convenience with Ethereum's decentralization

I will forever point this out, but Venmo has a “Private” setting. Your balance on Ethereum is public, as is any transaction you send.

It just isn’t a viable replacement for cash

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

#228

Post by tayo42 »

486sx33 wrote: post #208
shuntress wrote: post #201

Earlier quoted context omitted.

"Bitcoin but its anonymous" does not make Monero a real currency. I guess it helps that its value is relatively stable. But I still can't realistically use it. I can't walk in a store, buy something, then pay with Monero which is obviously disqualifying on it's own. But in addition to that, if I want to give a friend some Monero I would have to walk them through making a new account with some new app which they won't…

Shopify for monero is an idea being kicked around, there are also monero marketplaces for non- illegal things Monero could be used in a store and some stores do take monero! Its quick, with low fees

Is moner just quick for now but as it scales it'll be slow like bitcoin? Or is there something unique about monero that makes it fast?

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

#229

Post by valzam »

hot_gril wrote: post #202
MichaelZuo wrote: post #197

Earlier quoted context omitted.

Counter-strike had a market for collectibles well before?

It took work by a large parent company. And I don't know how third-party websites can trade those, but it must mean either Valve is managing an API or people are doing something hacky to work around that.

They can't. There are third party websites but there is no way for them to initiate trades. They work around this bysome crazy peer-to-peer trust-me-bro scheme.

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

#230

Post by troupo »

ArtTimeInvestor wrote: post #111
dgellow wrote: post #105

Earlier quoted context omitted.

In Europe sending money from one bank account to another is generally free and often almost instant

Thats news to me. Can you link to a page of a bank in Europe where they state that they offer free instant money transfers?

Besides SEPA which mandated the upper ceiling and an upcoming regulation which forbids banks from de-prioritising payments to/from other banks (can't remember what it's called now) many European countries have had instant bank transfers locally. For example, Swish in Sweden: https://www.swish.nu/about-swish
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