Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Ethereum has blobs. Where do we go from here?

vitalik.eth.limo

Post reply on HN
Print view View original

481–490 of 515 posts

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

#481

Post by Shawnj2 »

leashless wrote: post #480
Shawnj2 wrote: post #475

Earlier quoted context omitted.

There are still significant fees doing transactions over blockchain and those giant hegemonies are what allow things like charge backs and fraud detection while if somone hacks your wallet and steals all your crypto, it’s gone forever. It’s great if you’re trying to launder money or pay for sketchy things but I still don’t get the draw for the average person, just decentralization is not that valuable

Think in terms of antimonopoly — VISA charges outrageous fees for decades because they’re the hub through which all payments go.

People use VISA because they like the convenience and assurance it gives them over cash or a bank transfer, both of which don’t have a fee. Crypto both has neither and is more expensive per transaction.

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

#482

Post by arandomusername »

defiamazing wrote: post #346
arandomusername wrote: post #310

Earlier quoted context omitted.

If it's not because of a blockchain, how come there is no other good way? It's not on it's own private blockchain because then no one would use it.

No one would use it because people don't actually want to send money internationally badly enough to create a profit opportunity. They want to interact with DeFi protocols, that's why USDC exists on eth, once the DeFi protocols die then so will USDC. There's no good other way because people don't actually want to send money internationally badly enough to create a profit opportunity.

Huh? International payments are a HUGE industry. What are you talking about? Western Union and Transferwise are both huge companies that specialize in international payments.

DeFi protocols are a benefit, but even without it USDC would still persist.

There's no good other way because of extreme regulations that harm law abiding citizens under the guise of AML and other junk.

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

#483

Post by leashless »

Shawnj2 wrote: post #481
leashless wrote: post #480

Earlier quoted context omitted.

Think in terms of antimonopoly — VISA charges outrageous fees for decades because they’re the hub through which all payments go.

People use VISA because they like the convenience and assurance it gives them over cash or a bank transfer, both of which don’t have a fee. Crypto both has neither and is more expensive per transaction.

Lot cheaper than bank wires! Vastly faster too.

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

#484

Post by arandomusername »

shuntress wrote: post #425
arandomusername wrote: post #256

Earlier quoted context omitted.

"I can't realistically use credit cards. I can't walk in a store and pay using my credit card. And if I want to send some money to my friend, I have to walk them through of opening a bank account which they won't do because it's pointless anyway and I can just hand them the $50 dollar bill" - Someone years ago. Do you expect every store to start accepting it instantly? Your argument does not disqualify Monero as a re…

This is not an appropriate comparison. > I can't realistically use credit cards. I can't walk in a store and pay using my credit card That was true at some point and I would agree that as long as it remained true "Why should I carry a credit card that I can't use anywhere?" would be a perfectly reasonable thing to say. > And if I want to send some money to my friend, I have to walk them through of opening a bank acco…

> That was true at some point and I would agree that as long as it remained true "Why should I carry a credit card that I can't use anywhere?" would be a perfectly reasonable thing to say.

But using it as an argument against credit cards is dumb.

> People very commonly use bank accounts and checks

Yes, now they do. Used to be that most people held their wealth in gold or literal cash.

> You could say the same thing about V Bucks but that doesn't make it a real currency.

V Bucks (to my knowledge) can only be used to buy Fortnite stuff. Can I even send it to anyone I want? Guessing not. And I'm pretty sure I can't sell it on a market to anyone else either.

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

#485

Post by arandomusername »

Semionilo wrote: post #370
arandomusername wrote: post #312

Earlier quoted context omitted.

You got a letter warning you? If they had proof you paid you would probably be in jail. Can still be painful, but way better than if they had proof you bought it. (Also, if any of your drugs dont arrive or were opened, never order any more)

It was for 5g and I have no record. It was from the state and it was dropped.

It was dropped because they would have no luck proving anything. But if they had your credit card making the purchase, things would have turned out differently.

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

#486

Post by Shawnj2 »

leashless wrote: post #483
Shawnj2 wrote: post #481

Earlier quoted context omitted.

People use VISA because they like the convenience and assurance it gives them over cash or a bank transfer, both of which don’t have a fee. Crypto both has neither and is more expensive per transaction.

Lot cheaper than bank wires! Vastly faster too.

ACH is free

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

#487

Post by arandomusername »

threeseed wrote: post #361
Destiner wrote: post #218

Earlier quoted context omitted.

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

The problem you have is that 99.999% of people aren't getting banned. And of those remaining the overwhelming majority deserve it. So you're trying to convince people to adopt Etheruem, Blockchain etc to solve a problem no one has.

Please explain to us how this user deserved getting banned, purely because they are Russian:

https://github.com/erthink/libmdbx

Not to mention all of the users banned from social media at the request(pressured) of the government [1][2]?

1: https://www.wsj.com/articles/facebook-bowed-to-white-house-p... 2: https://reason.com/2023/07/28/biden-white-house-pressured-fa...

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

#488

Post by yieldcrv »

yieldcrv wrote: post #470
mand1575 wrote: post #466

Earlier quoted context omitted.

as an omnivores I'm definitely not averse substitute meat. At times it's better if lathered with sauce.. define "their" myriad concern? this is not moving from a self managed data center to a cloud server. And curious what you think is the challenge with hyperleder other than it hasn't been pumped up by the VC's like SOL and others..

the challenge with hyperledger is that there you can run unlimited arbitrary executions of any computational time, but have to run all other nodes’ arbitrary executions of any computational time, so the whole network is DDOSing each other with these stupidly expensive computations all for the sake of saying “blockchain without crypto!” as if the crypto didn't serve the specific purpose of putting a cost on computatio…

> There is another more productive way they can improve the things deployed on blockchains and give confidence to investors

"they" being the SROs and securities regulators, here.

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

#490

Post by mand1575 »

yieldcrv wrote: post #488
yieldcrv wrote: post #470

Earlier quoted context omitted.

the challenge with hyperledger is that there you can run unlimited arbitrary executions of any computational time, but have to run all other nodes’ arbitrary executions of any computational time, so the whole network is DDOSing each other with these stupidly expensive computations all for the sake of saying “blockchain without crypto!” as if the crypto didn't serve the specific purpose of putting a cost on computatio…

> There is another more productive way they can improve the things deployed on blockchains and give confidence to investors "they" being the SROs and securities regulators, here.

this I agree.

The comment above seems more of religious believe and understanding on your part or maybe practical experience. I can't tell.

Post reply on HN