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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?

#181

Post by PKop »

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 point is not to just hodl, but to create a core technology that can enable different applications

This is has been said about every coin since the beginning of crypto.

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

#182

Post by schmichael »

imchillyb wrote: post #59
ArtTimeInvestor wrote: post #36

All this crpyto technology is fascinating. But is it used for anything? I asked this in an Ask HN today, but got no answer so far: https://news.ycombinator.com/item?id=39852389 It looks like not a single HN reader is using blockchain technology for anything. If nobody is using blockchain technology outside of blockchain projects, what are the reasons we expect that some day we will? What could be a near term use case…

Banks have been using the Ethereum blockchain for behind the scenes bad debt transfers for about seven years now. Banks don’t want to deal with treasury departments nor do the banks want to be beholden to federal governments regarding prime rates. Ethereum allows banks to circumvent these types of issues because rates are dictated by banks not by governments and their treasury departments. Crypto currency is coming s…

Citation needed (from a non-crypto-booster source)

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

#183

Post by IanCal »

ArtTimeInvestor wrote: post #111
dgellow wrote: post #105

Earlier quoted context omitted.

In Europe sending money from one bank account to another is generally free and often almost instant

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.

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

#184

Post by toenail »

ArtTimeInvestor wrote: post #36

All this crpyto technology is fascinating. But is it used for anything? I asked this in an Ask HN today, but got no answer so far: https://news.ycombinator.com/item?id=39852389 It looks like not a single HN reader is using blockchain technology for anything. If nobody is using blockchain technology outside of blockchain projects, what are the reasons we expect that some day we will? What could be a near term use case…

> But is it used for anything?

What people like you usually miss.. hodling bitcoin IS one of its uses, store of value.

> It looks like not a single HN reader is using blockchain technology for anything.

You haven't missed anything, that's why we say bitcoin, not blockchain.

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

#185

Post by [deleted] »

pavlov wrote: post #168
rglullis wrote: post #139

Earlier quoted context omitted.

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…

> “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.

[deleted]

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

#186

Post by anonymousDan »

smoovb wrote: post #169
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…

My (non-crypto) company uses USDC daily on L2 Arbitrum for international settlement, and have seen the fees drop to a few cents per transaction with the release of blobs. We have replaced the need for wires/TransferWise/Revolut on several of our routes.

Awesome. Can I ask the name of your company?

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

#187

Post by coffeebeqn »

gehwartzen wrote: post #162
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. 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

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

#188

Post by maxcoder4 »

shuntress wrote: post #173
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…

The "Killer App" for a cryptocurrency would be the ability to use it as a currency.

As the OP said, the cryptocurrency you're looking for is Monero.

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

#189

Post by medellin »

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…

I mean i have been using bitcoin for the past 6 years to send money to people outside the country with little issue.

I know it’s hard to imagine for the west but places exist where working around the local financial system is a huge benefit.

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

#190

Post by coffeebeqn »

orthecreedence wrote: post #55
ArtTimeInvestor wrote: post #36

All this crpyto technology is fascinating. But is it used for anything? I asked this in an Ask HN today, but got no answer so far: https://news.ycombinator.com/item?id=39852389 It looks like not a single HN reader is using blockchain technology for anything. If nobody is using blockchain technology outside of blockchain projects, what are the reasons we expect that some day we will? What could be a near term use case…

I think it could be used for some kind of permissioned, collectively crowdsourced database that's (mostly) free from the control of a single group of administrators/gatekeepers. I guess kind of like a decentralized wiki. In my view, blockchains shine where you need auditable global state, bonus points if you don't want central control in your operations (obviously this then kicks the can to the core devs). This use-c…

Shared append only, very slow database. It’s a very specific setup but maybe there’s some scenario for it.
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