Re:Vitalik Buterin is worried about crypto's future
by mwattsun on Monday March 21, 2022 @10:12AM
(#30754340)
I've been a computer programmer for 40 years so I'm interested in the computing parameters of the machines I run
Re:Vitalik Buterin is worried about crypto's future
by arka2147483647 on Monday March 21, 2022 @10:10AM
(#30754307)
Not the parent, and not knowledgeable about Etherium.
But does't such limitations fundamentally question the global ambitions of Etherium? Could you really run a global digital economy with such limitations?
To me it seems an apt analogy about the capacity of Etherium, assuming it is correct?
Re:Vitalik Buterin is worried about crypto's future
by omarfarooq on Monday March 21, 2022 @10:16AM
(#30754396)
It's all sorts of incorrect, incomplete and misleading.
It also invokes the corollary that this virtual computer weaker than a Raspberry Pi is the most efficient computer processor on a realized dollar basis: what other computing system with less processing power than a Raspberry Pi is settling $10 billion dollars of finance per day?
Re:Vitalik Buterin is worried about crypto's future
by newswasboring on Monday March 21, 2022 @12:16PM
(#30755843)
It is settling 10 Billion dollars per day... barely. I don't think anyone can dispute that Ethereum network is buckling under the pressure (represented by rising gas prices). I am not sure if OP was trying to be snarky, but they do have a point. This system is not scaling well and the problem is how slow EVM is. It is valid to criticize that and I think this has even the insiders worried.
I mean, if that's a fundamental point to be made, shouldn't you be able to purchase a machine stronger than a Raspberry Pi and take over the Ethereum marketcap? Maybe you can charge less for gas and win marketshare that way. After all, people are paying for the Raspberry Pi processing power... right?