591–600 of 769 posts
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You came up with an analogy that doesn't make sense.
the similarity is that they store images for viewing neuro-typical people got it
I'm probably too thick to understand it. But please keep repeating your bullshit analogy.
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> Addresses should be portable You need centralization for that. And in fact, you can already do it. Just register a domain name and use it for your email address. Most registrars offer a mail redirection service. And if you don't like your registrar, there is an official procedure to transfer your domain name, and therefore you email address. There are also official procedures regarding getting back a stolen domain…
ENS names on Ethereum work this way and are decentralized
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I never claimed they were not - I said they were a big FU to nation state fiat. I don't work on web3 or own crypto. Nation State fiat is a scam too - I'm not really sure what point you're trying to make to me... Am I trading one hierarchical power structure for another? Maybe? Does that mean blockchains hold no promise? No. With POS an eth node will supposedly be able to run on a rasp pi - is that too much electricit…
If we assume that you're trading one hierarchical power structure for another, then can we agree that proof-of-work blockchain is worse, just for the electricity waste? What's the point of an electricity-guzzling PoW blockchain if it's just a new hierarchical power structure, the same as the old boss? "Proof of stake" (POS) is really the same as the old boss. There's no way to build a decentralized POS network, becau…
Just because AH and other VC's have dumped money into the space, and because of the nature of blockchain and the fact that it is not regulated in any manner and is ripe for exploration currently, doesn't make the technology worthless. Your stance would have one believe so.
I'm not going to sit here and dive into the details of blockchain technology because I don't know them as well as others, but afaik, levers exist where if a token becomes too centralized, action can be taken by the stakers. Blockchain is basically just digital fiat without nation state backing - so I don't understand how you can sit here and shill for one and condemn the other. It's pretty hypocritical in my mind, even if one is the status quo.
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Maybe it's just me, but unless I'm crazy you've just listed all of the reasons it's actually an entirely workable analogy.
I dont get it- how does lack of blueprints and IP protection apply to blockchain, where all code is public?
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I can give you plenty of more feasible analogies; Do I make my own bread? Sure, sometimes I do. Baking bread isn't that hard. But do I do it every day? No. Why? Because it takes time to do, my kitchen counter is usually a mess afterwards, and the result usually doesn't taste anywhere near as good as the 20+ bread varieties I can buy at the corner store. I sometimes do it for fun, but I wouldn't do it every day. Let's…
'Let's go to macro scale: What's the better solution: 1000000 people each baking their own bread (1 loaf a day), or a giant company baking all the bread?' The same argument advocates monopoly or central planning by government? If not, you have to jistify where is centralised enough. Now, if we have a 20,000 different bakeries, is that actually centralised? Decentralisation of plumbers doesnt mean everyone does his ow…
But it is more about the problems than the methodology. Centralized/Cooperative methods are more appropriate to solving a complex problem for which you know the solution (building a house, mass transit, maintaining highways). Distributed/Competitive methodology is better for exploring a problem space (determining the most energy efficient house design, innovative bus or train engines, cost effective highway surfaces). If you use cooperative when you should be using competition, you get a cartel. If you use competition when you should be cooperating, you get extreme inefficiency and long delays (I don't think we have a word for when we force groups who should be cooperating to compete with each other for resources).
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I'm not a normal user of bitcoin or any crypto, but I have not seen large unpredictable fees in a while. My transaction fees are almost always 0.00001 BTC or less, with my typical transfer being anywhere from 0.0004 BTC to 0.002 BTC. Sure its a little different than most payment providers where the person initiating the payment pays the fees, but the fees are well under credit card rates.
Assuming you want to actually get bitcoin first you'll need to buy it on an exchange which will charge your absurd fees to transfer it into your own wallet. And if you ever want to do the reverse you'll get charged those same absurd fees again. In the middle you have the space where you can do BTC to BTC transactions with somewhat smaller fees, sure.
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> Run your own node. This is lazy reporting It isn't practical for the majority of people to run their own node. Even Vitalik Buterin acknowledges[1] this isn't realistic for the current state of things. Last year I was interested in running a sidechain node and I was shocked when I looked at minimum system requirements. I can't just run it in the background and I have a 5600X Ryzen. Plus my NVMe drive needed to be m…
Regarding Ethereum you’re right, it’s centralized. With Bitcoin I run my node and check the incoming transactions with it whenever I make a big money transfer (for outgoing transactions a full node is not really needed, as I don’t care if the network doesn’t accept it as long as my counterparty does). Running a Bitcoin node is practical (less than a day of running in the background on the first run) if the amount of…
I agree with most of the arguments within this write up but the racism in the final line is not very cool.
Some platforms like Ethereum are completely decentralized. You forfeit some of this decentralization bit by bit when using MetaMask, OpenSea or Alchemy, but the platform itself is still decentralized. The Web is completely decentralized, by you forfeit some of this decentralization bit by bit when using Paypal, Facebook, or AWS. The trend in technology has always been to trade control for convenience. This doesn't st…
As decentralized as in “someone stole my funds, let’s roll back the whole chain”. https://en.wikipedia.org/wiki/Ethereum_Classic