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Scaling: Ethereum’s make or break challenge [video]

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Re: Scaling: Ethereum’s make or break challenge [video]

#11

Post by Egidius »

pepesza wrote: post #8
Egidius wrote: post #5

Great to see these young guys attempting to tackle these huge problems out of their believe that they can make "the world a better place". Not sure DLT will live up to its promise, but these guys truly believe the world is better off with trustless systems. And I cannot blame them, intermediaries, wether it be Google or Facebook, standing in between the user and the content creators, or banks, standing between credit…

Offtopic. DLT is basically a marketing fraud. Both "permissioned" and "permissionless" DLT are packed into one term. Problem is - they are vastly different. Permissioned DLT is not interesting at all from technical and social point of view. We knew how to do them for a long long time. Openness, permissionless is the key innovation introduced with Bitcoin. "Permissioned blockchains" are just repackaged tech with lot o…

I use the term DLT as, for example, DAGs are not exactly blockchains if I'm not mistaken. They have no blocks, just transactions. It had nothing to do with permission.

Re: Scaling: Ethereum’s make or break challenge [video]

#12

Post by AltVanilla »

I think for a cryptocoin to be useful in the real world, scaling and quick transaction times has to be a priority from the start of the design. Its not something you can fix, as an afterthought.

That's why I like xrp. Low transaction times, and it scales well. It is permissioned in the sense that every validator-node needs to keep a list of all the other validator nodes it trusts. Which means validators without a reputatable company behind them, might find it hard to become trusted by anyone else. Thats a price worth paying for scalability, in my opinion.

Re: Scaling: Ethereum’s make or break challenge [video]

#13

Post by baby »

cslarson wrote: post #7

Ethereum is novel and ambitious technology. In my mind, and I think in the minds of most in the community, scaling had always been the big, important challenge on the horizon - but it builds confidence to see just how far the devs (and community) have brought it till now. It's like everything is in place for that final push over the mountain.

Another problem is the size of the blockchain

Re: Scaling: Ethereum’s make or break challenge [video]

#14

Post by akuji1993 »

Egidius wrote: post #5

Great to see these young guys attempting to tackle these huge problems out of their believe that they can make "the world a better place". Not sure DLT will live up to its promise, but these guys truly believe the world is better off with trustless systems. And I cannot blame them, intermediaries, wether it be Google or Facebook, standing in between the user and the content creators, or banks, standing between credit…

There is the worry that there might be a whole new set of problems that will arise with this system.

The other worry I have, and where I think, in the long run I will probably be right, is that, when the system collapses and cryptocurrencies' price crashes, nobody except for these few individuals will care for any philosophic reasons to support this product. People invested in crypto to make money, not to support free, distributed networks or smart contracts. It would be sad to see the entire idea vanish at that point.

Re: Scaling: Ethereum’s make or break challenge [video]

#15

Post by pas »

baby wrote: post #13
cslarson wrote: post #7

Ethereum is novel and ambitious technology. In my mind, and I think in the minds of most in the community, scaling had always been the big, important challenge on the horizon - but it builds confidence to see just how far the devs (and community) have brought it till now. It's like everything is in place for that final push over the mountain.

Another problem is the size of the blockchain

https://github.com/ethereum/wiki/wiki/Sharding-roadmap

Re: Scaling: Ethereum’s make or break challenge [video]

#16

Post by shinryuu »

StavrosK wrote: post #9
SwingingShips wrote: post #3

Ethereum is talking about 2020 as its target for scaling upgrades. There are other projects that haven't launched yet that probably have an advantage over them, as so long as it can integrate with Ethereum rather than claim it can totally supplant it. There are projects like Cardano and Zilliqa, but then there are some like Orbs that are using blockchain virtualization claiming it can work in tandem with Ethereum. I…

Cardano has stalled for so long that I stopped waiting. I hear great things about EOS from people I trust, though, I need to look into that.

The launch of EOS has not been very well received at all. Lots of mistakes and the governance is a mess.

Re: Scaling: Ethereum’s make or break challenge [video]

#17

Post by mkirklions »

cslarson wrote: post #7

Ethereum is novel and ambitious technology. In my mind, and I think in the minds of most in the community, scaling had always been the big, important challenge on the horizon - but it builds confidence to see just how far the devs (and community) have brought it till now. It's like everything is in place for that final push over the mountain.

I think people are overtly positive about ETH because they missed out on BTC and believed in ETH.

But dApps are unused. Customers are not paying 7x the price for decentralized verification. Centralized servers can be tampered with, but no one cares about your 4th of july pictures or saved games.

Unless currency, voting, or a timestamp is involved, you dont use expensive verification methods.

The sheer cost of blockchain makes it insane to imagine apps being built on it. Currency has typically required firepower to move money and different ways to verify money is real money. This is a real case for using blockchain.

Re: Scaling: Ethereum’s make or break challenge [video]

#18

Post by mkirklions »

akuji1993 wrote: post #14
Egidius wrote: post #5

Great to see these young guys attempting to tackle these huge problems out of their believe that they can make "the world a better place". Not sure DLT will live up to its promise, but these guys truly believe the world is better off with trustless systems. And I cannot blame them, intermediaries, wether it be Google or Facebook, standing in between the user and the content creators, or banks, standing between credit…

There is the worry that there might be a whole new set of problems that will arise with this system. The other worry I have, and where I think, in the long run I will probably be right, is that, when the system collapses and cryptocurrencies' price crashes, nobody except for these few individuals will care for any philosophic reasons to support this product. People invested in crypto to make money, not to support fre…

This is why Bitcoin seems the most secure. 9 years of not breaking is pretty good.

Things like IOTA and Nano use verification methods that are untested.

ETH just seems wayy to expensive in POW, and seeing how they are already getting spammed in POW, POS seems insane.

Re: Scaling: Ethereum’s make or break challenge [video]

#19

Post by leppr »

AltVanilla wrote: post #12

I think for a cryptocoin to be useful in the real world, scaling and quick transaction times has to be a priority from the start of the design. Its not something you can fix, as an afterthought. That's why I like xrp. Low transaction times, and it scales well. It is permissioned in the sense that every validator-node needs to keep a list of all the other validator nodes it trusts. Which means validators without a rep…

What a Crypto Currency needs too is price stability, and that isn't tackled by XRP, nor can it be added to it since it has no smart contract capability.

So you sacrifice decentralization for only one of the necessary characteristics of money. Not worth it, PayPal works fine for now.

Re: Scaling: Ethereum’s make or break challenge [video]

#20

Post by plasma »

obituary_latte wrote: post #2

Off topic but I am so entirely sick of amp/mobile pages like this that just fail so hard at delivering the advertised content. Multiple reloads, pop-up conditionals, auto-scrolling...yuck. Clicking the link briefly flashes the title of the topic followed by a blank square with a “close” X then flashes a couple of times and I land on a listing of videos none of which are the op topic. I’m not using ie4 or something -…

I hate AMP as well.

They’re less maintained, feature less pages (see reddit), and they have obnoxious script that prevents hold-tap from allowing “open in new window” from working.

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