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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?

#371

Post by kinakomochidayo »

Cloudef wrote: post #348

Maybe ETH should focus on solving their scaling so the layer 1 doesn't cost arm and leg to do transfer on. Layer 2 becoming expensive as well and people already talking about Layer 3.

Eventually, statelessness will help increase gas limit on L1.

However, Ethereum L1 is supposed to be the settlement layer for rollups, and high security requirement transactions, not for shitcoin trading.

Recursive rollups (L3s,L4s) have also been talked about for years now, and it should be pursued; that's how you can increase transaction throughput and decrease fees with the magic of zk.

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

#372

Post by tdudhhu »

darby_eight wrote: post #291
scyclow wrote: post #196

Earlier quoted context omitted.

People love shitting on NFTs, but there's still a really good art scene based on NFTs and smart contracts. And once you have digital objects that you actually care about, all the web3 infrastructure is surprisingly useful.

> there's still a really good art scene based on NFTs and smart contracts I'm still not quite getting the idea here—these assets only really "exist" in web3 apps, right?

Yes, they can prove ownership of an art peace but can not prove the art peace even exists.

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

#373

Post by 1vuio0pswjnm7 »

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…

A "solution" looking for a problem.

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

#374

Post by Shawnj2 »

leashless wrote: post #320

7. The blockchain is now at a stage in its development equivalent to where the internet was in or around 1995. The internet was unstoppable in 1995 and blockchain technology is unstoppable now. It will become ubiquitous in all major industrial and financial sectors, simply because it allows for the immutable recording of data, thereby reducing friction in commercial and consumer transactions and obliterating the scop…

I still don’t understand what a fully realized crypto ecosystem would allow people to do that isn’t already being done well by standard technology. Like it or not, for most people doing most things, the government or large companies are suitable enough of a store of trust which is the problem crypto solves by being decentralized. I think it’s a neat technology for tech people but I still struggle to see why normal people doing most things would want to pay for things with bitcoin.

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

#375

Post by pa7x1 »

mand1575 wrote: post #206
yieldcrv wrote: post #52

Earlier quoted context omitted.

a better question is to look at how people use it, the frictions they encounter, and who works on solving those frictions just saying “speculation” as if thats not a use case misses that “financial services” are our biggest industry on the planet and thats mirrored in the blockchain space, many people solve frictions and compete with each other. it willfully ignores that all currencies are 99% held as stores of value…

Given that we are now entering another crypto hype cycle and blockchain technology, discussions often veer towards crypto and the allure of embedded tokens. I’m going to stick to the realty and opportunity: utilizing blockchain in fixed income finance. Having spent two decades navigating the complexities of Wall Street, I know the critical problem plaguing the fixed income market: the overwhelming amount of data gene…

In case you are curious BlackRock launched last week a money market fund on Ethereum. You can see it onchain here: https://etherscan.io/token/0x7712c34205737192402172409a8f7cc...

And here the press release: https://securitize.io/learn/press/blackrock-launches-first-t...

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

#376

Post by Shawnj2 »

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.

ActivityPub solves this problem without using crypto

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

#377

Post by teekert »

Zetaphor wrote: post #179
teekert wrote: post #91

Earlier quoted context omitted.

[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…

I agree with you, but I was just trying to be funny.

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

#378

Post by camillomiller »

everfree wrote: post #288
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.

Chill, I guess? The technical jargon sounds stylistically a lot more made up and playful than the one you suggested. When did HN become so unbearably stuck-up?

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

#379

Post by dewey »

DennisP wrote: post #302
MadnessASAP wrote: post #267

Earlier quoted context omitted.

Unfortunately I will never be willing to entrust my financial safety solely to an algorithm. An algorithm cannot be reasoned with, it cannot understand that your house burned down and destroyed your ID. It cannot accept liability for it's actions. If I lose my bank card I go to a branch, verify my ID, and get a replacement. The bank is liable if they allow somebody other then me access to my accounts, regardless of h…

Key redundancy and social recovery are pretty much solved problems in crypto.

On a technical level, not a human level.

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

#380

Post by kemotep »

maxcoder4 wrote: post #192
pavlov wrote: post #168

Earlier quoted context omitted.

> “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.

I'll rephrase a bit for the HN crowd: "The Ethereum currency (Ether) value proposition is that it is used to pay for decentralized apps on the Ethereum Blockchain. The more application and users are there, the more Ether is needed and hence it's value goes up". At least that's how I understand it. OPs point is that most cryptocurrency advocates go for "but my token and hold, it is sure to grow 10x in a few months" an…

Should you not want the price to be stable? If an arcade game’s price went from 50 cents per play to 5 dollars per play because more people are using a delivery application on the other side of the world that doesn’t make much sense from a consumer perspective.
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