Re:The future of cryptocurrency is at stake in Ethereum’s sw...
by JumpCrisscross on Wednesday September 07, 2022 @01:59AM
(#32746901)
> You have to pay many orders of magnitude more than simply using a database
"You" here is essential. For a participant in the blockchain, it's expensive. That's the cost of eager evaluation. For a non-participant just verifying, it's cheap. Cheaper than auditing bank records.
Ninety-nine percent of blockchain and web3 is easy-money folly. But there are technical advantages to the system. Had Hadoop had better marketers...
"You" here is essential. For a participant in the blockchain, it's expensive. That's the cost of eager evaluation. For a non-participant just verifying, it's cheap. Cheaper than auditing bank records.
Ninety-nine percent of blockchain and web3 is easy-money folly. But there are technical advantages to the system. Had Hadoop had better marketers...