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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?

#281

Post by abnercoimbre »

maxcoder4 wrote: post #273
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…

I can't walk into a store and pay with USD either. It doesn't mean USD is not a currency, it's just not usually accepted by stores in my country. I use Monero semi-regularly to pay for things online (usually privacy products, because sadly nobody is interested in selling me groceries in exchange for xmr). You can absolutely buy things with it.

> usually privacy products

Could you offer examples? Straight-up curious.

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

#282

Post by defiamazing »

everfree wrote: post #274
defiamazing wrote: post #222

Earlier quoted context omitted.

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.

Why is it that no other solution has been developed in the 40 years of the internet, but you believe now is a particularly ripe time for one to pop up?

Because there's not enough demand to justify the regulatory headache for most types of international payments, unless you have the added benefit of interacting with DeFi protocols during a massive shitcoin bubble.

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

#283

Post by wslh »

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…

And Zcash and others doing the same?

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

#284

Post by wslh »

rglullis wrote: post #139
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…

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…

The problem is that this gospel has been said for almost a decade now and despite, literally, billion dollars of assets that Vitalik has, and others flowing this is not happening.

Not saying that this could not happen as an hypotheses but cryptocurrency foundations are far far from business execution basic practices.

As an insider I can say that most money flows to a very small group of people and the governance is not really decentralized. For example, very few people can decide on Bitcoin and Ethereum protocol changes, and these people cannot be changed...

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

#286

Post by everfree »

ForHackernews wrote: post #174

> 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…

Typically when there's a highly technical topic on HN that I don't understand, I don't comment on the thread about the domain jargon going over my head.

I didn't go into today's Babylon thread and comment "Node geometry? Gaussian splat rendering? We are deep into angels dancing on a pin territory. Just use jQuery."

I just don't understand the mentality of comments like yours, I suppose.

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

#287

Post by numpad0 »

coffeebeqn wrote: post #187
gehwartzen wrote: post #162

Earlier quoted context omitted.

>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. This is exactly my use case (the former not later) with Monero and it's been amazing. Only marginally more difficult…

So you pay with monero but you still need to give them an address to ship to which some probably store somewhere where the police might eventually find it ? I guess depending on the local police the chances of that leading to any trouble are lower than getting stabbed by a tweaker when you go out into the community to purchase your stuff

I've heard that drug abusers exploit legally protected status of snail mail to avoid search, and have substances sent to an innocent third party as a dead drop or a dummy address to be intercepted. I'd assume authorities will get to you anyway, though.

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

#288

Post by everfree »

camillomiller wrote: post #76

> 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…

Typically when there's a highly technical topic on HN that I don't understand, I don't comment on the domain jargon.

I didn't go into today's Babylon thread and comment "Node geometry? Gaussian splat rendering? Sounds like a Douglas Adams novel."

So I guess just don't really understand the mentality.

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

#289

Post by Solvency »

golergka wrote: post #277
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…

> As far as I can tell, the only cryptocurrency that actually delivers on its name (i.e. being used as a currency) is Monero. In the last two weeks I've paid to people who cleaned my air conditioning, my girlfriend's nails, our lawyer, for delivery of some goods from US, for food delivery, for a sightseeing tour, and for exchange to local currency (delivered to my home) — all in USDT. I've also got USDT from a friend…

Yeah where do you live, Izhevsk Russia or something?

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

#290

Post by everfree »

defiamazing wrote: post #282
everfree wrote: post #274

Earlier quoted context omitted.

Why is it that no other solution has been developed in the 40 years of the internet, but you believe now is a particularly ripe time for one to pop up?

Because there's not enough demand to justify the regulatory headache for most types of international payments, unless you have the added benefit of interacting with DeFi protocols during a massive shitcoin bubble.

Sorry, but I thought you said in your last comment that you believe USDC will be outcompeted by a centralized solution. Do you believe that, or do you believe that there is not enough demand to justify the regulatory headache of launching a centralized solution? Those seem to me to be opposing viewpoints.
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