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.
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?