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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?

#501

Post by mteam88 »

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…

Farcaster is not a tool for building social applications. It is a social network with 70k+ DAU [1] You can use it through multiple frontends, the officially developed one is Warpcast [2]

[1] https://twitter.com/dwr/status/1774490997789241709 [2] https://www.farcaster.xyz/

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

#502

Post by mteam88 »

Mahn wrote: post #74

Key quote from the article: > Many have argued that the lack of large-scale applications for the past ten years proves that crypto is useless. I have always argued against this: pretty much every crypto application that is not financial speculation depends on low fees - and so while we have high fees, we should not be surprised that we mainly see financial speculation! > Now that we have blobs, this key constraint th…

L2s do not fundamentally add any significant UX complexity.

There are some wallets that make this a pain (Metamask) but newer wallets like Rabby (https://rabby.io) and Rainbow are huge improvements.

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

#503

Post by dartos »

everfree wrote: post #40
dartos wrote: post #34

Earlier quoted context omitted.

It’s decentralized in the same way lobbying a politician is decentralized. Unless I’m remembering incorrectly, you need a ton of eth to partake in eth PoS voting.

Distributed validator tech (DVT) has made it so you can participate in PoS voting with much less ETH than was required before, if you choose.

So like a PAC?

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

#504

Post by hot_gril »

IanCal wrote: post #183
ArtTimeInvestor wrote: post #111

Earlier quoted context omitted.

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?

The UK has "faster payments" which is usually instant (sometimes held up for fraud checks). I'm not aware of any bank that charges for this.

There's Zelle in the US, but it has limits, and it's pretty easy for your money to get stuck being "verified."

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

#505

Post by arandomusername »

defiamazing wrote: post #498
arandomusername wrote: post #496

Earlier quoted context omitted.

Not sure why you are bringing in ICOs in discussion with USDC/stablecoins and international payments. > The revenue has to justify the legal headache involved with processing payments in under a minute. See how AML regulations just harm law abidding citizens? Please explain how defi bubble is supporting it.

AML is good, no I don’t. My turn to ask the questions. Is there literally any scenario where you'd accept that maybe crypto isn't actually useful and maybe it is just a big scam? Think about it hard, otherwise you'll waste years of your life in an internet libertarian larp. Bro USDC is multisig'd, it isn't decentralizing anything and it doesn't even need a blockchain except to interact with DeFi.

> AML is good, no I don’t.

Kinda crazy how willing you are to let government step all over you under the disguise of AML, when it does jackshit for it. Soon enough you will be convinced that government being able to intercept all communication is good because think of the children!

> Is there literally any scenario where you'd accept that maybe crypto isn't actually useful and maybe it is just a big scam?

What scenario? Crypto is useful in current world. Not useful to everyone, that's fine, no one is forcing you to use it, but a lot of people do find it useful, myself included. Disregarding something as a scam just because you don't find it useful in your life is shortsighted. Think about it hard, otherwise you'll waste years of your life whining about how others are enjoying their lives and you will miss out on yours.

Blockchain/DeFi allows USDC to exist, even you admitted to that. The fact is, USDC exists on the blockchain. Sending international payments is the easiest with blockchain (provided both parties have a way to ramp on/off).

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

#506

Post by nikita_789 »

chrisco255 wrote: post #308
tootie wrote: post #164

Earlier quoted context omitted.

In the many, many years they have spent building a pile of gibberish tech, traditional finance has begun transitioning to T-0 settlement on centralized platforms. FedNow is going to replace ACH and wires and allow 24/7 real-time transactions.

It hasn't at all. If you try to transfer money internationally, you will still pay huge fees and it will take sometimes days to settle. Crypto is truly international, and ERC20s like USDC remain fully programmable in a way that cash will never be. It makes things like permissionless 24/7 exchanges (see Uniswap) possible. Which is more than just point to point or account to account transfers. It's an exchange from one…

This is if you send through banks, but if you use payment systems, such as Arbonum, it will be fast and profitable, they have a small commission.

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

#507

Post by hot_gril »

troupo wrote: post #476
ArtTimeInvestor wrote: post #468

Earlier quoted context omitted.

No, you miss the point. It's a high barrier for users to pay online. That's why they don't pay $1 on a whim on a small site, even if it offers something they like. Paying online is more like a marriage these days. You pray that the other side will not disappoint you and then you jump in. That's why big popular sites with brand names worth billions gobble up unproportional more paying users.

Yes, the barrier is high because paying is a high-friction activity whenever cards are involved. That's why the various quick checkouts are all the rage the past 10 years or so. This has very little to do with the original claim of "Users dislike paying on the web because it is a security risk". Users have no issues paying for stuff online.

They have no issue paying for stuff on well-established sites like eBay and Amazon. If it's a random site, there's a problem.

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

#508

Post by defiamazing »

arandomusername wrote: post #505
defiamazing wrote: post #498

Earlier quoted context omitted.

AML is good, no I don’t. My turn to ask the questions. Is there literally any scenario where you'd accept that maybe crypto isn't actually useful and maybe it is just a big scam? Think about it hard, otherwise you'll waste years of your life in an internet libertarian larp. Bro USDC is multisig'd, it isn't decentralizing anything and it doesn't even need a blockchain except to interact with DeFi.

> AML is good, no I don’t. Kinda crazy how willing you are to let government step all over you under the disguise of AML, when it does jackshit for it. Soon enough you will be convinced that government being able to intercept all communication is good because think of the children! > Is there literally any scenario where you'd accept that maybe crypto isn't actually useful and maybe it is just a big scam? What scenar…

Idk what to tell you. Profit model that can’t work without a speculative DeFi bubble, which will die eventually because it’s not useful. AML is good and there’s a lot of history there. I don’t care much about the libertarian stuff.

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

#509

Post by hot_gril »

orthecreedence wrote: post #154
benreesman wrote: post #124

Earlier quoted context omitted.

I made a typographical error because I typed that with my thumb: the gentleman’s name is Dr. Philip Wadler FRS FRSE ( https://en.m.wikipedia.org/wiki/Philip_Wadler ), I also forgot his proper title as a Fellow of the Royal Society. The contributions that merited his inclusion in a group that includes (in computing alone) people like Charles Babbage KH FRS and Alan Turing OBE FRS are too numerous for any HN comment: h…

> I agree that git is a blockchain Wait, isn't git more of a merkle-DAG? I thought one of the defining features of blockchains was effectively branchless global state. My understanding is that DAGs are a superset of blockchains. Is this a wrong? My comment about "blockchain junk" is mainly in response to the fact that it's nearly impossible to find any investment/involvement in the space without running into complete…

Indeed git is not a blockchain.

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

#510

Post by hot_gril »

lern_too_spel wrote: post #316
hot_gril wrote: post #266

Earlier quoted context omitted.

It's what I said above, it's a lot of work for a new game to create/maintain its own collectibles marketplace that people can trust, and even a well-established game like Counterstrike doesn't properly support third-party trades. Ethereum provides all that out of the box with NFTs. There's also the issue that Valve controls all the assets, but that's mostly a moot point because they control the game anyway. I guess s…

That's what SAAS is for. Cheaper and easier than building NFTs on a blockchain and integrating them into your game.

Hosting a p2p marketplace isn't just a software problem. You'll find it challenging even with a service like Stripe. And not cheap.
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