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MediaChristopher Allen on Twitter: AWS cost: $0.000000066 for calc, Ethereum: $26.55. This is about 400 million times as expensive. World computer? (twitter.com)

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[–]rdnkjdi 54 ポイント55 ポイント  (3子コメント)

Ethereum was massively marketed as "Decentralized Web" incorrectly when Charles Hopkins left the project and turned it over to Tual. Originally it was marketed as "Smart Contracts with the power of a single smartphone". The power didn't lie in the processing power of a world computer the size of a smartphone - but one that could do consensus calculations with an insane amount of security and agreed upon state similar to that of bitcoin with the added features of touring complete contracts to enable insurance contracts, betting markets, decentralized exchanges and apparantly commodified "how to get around the government regulations for ICOs"

Morons started talking about programming games, etc. From what I can tell it only has 4X the transaction thruput of bitcoin and that's only IF it sticks to simple transactions. And if miners raise the gas prices.

That said, PoS + Sharding should improve it 100 fold if that ever becomes a thing. There is very little computation to move a currency from one address to another compared to run calculations.

In the end I suspect something like sharding or modified zSnarks where the chain is able to validate work was done on a single machine with 1/1000th of the processing power. So the code can be run on a single machine and quickly validated by the network.

https://hackernoon.com/scaling-tezo-8de241dd91bd

tl;dr Contrary to what moonboys think. "Decentralized", "Scalable" & "Secure" are years away at best.

[–]BurpingHamster 5 ポイント6 ポイント  (1子コメント)

World computer? Is that how he signs his name?

[–]ExplodicleHobbyist 0 ポイント1 ポイント  (0子コメント)

That's how Ethereum maintains control over humanity - Twitter sockpuppets with very few bugs.

[–]Dunning_Krugerrands 21 ポイント22 ポイント  (4子コメント)

2 years after eating an apple man complains that it is not an orange.

But if you want computation try Golem, iexec, truebit ...

[–]mxforest 2 ポイント3 ポイント  (0子コメント)

Or sonm

runs for cover

[–]killerstormProgrammer -4 ポイント-3 ポイント  (2子コメント)

I think Christopher Allen's point is Ethereum's stupid and confusing marketing. A new site which is presumably supposed to educate newcomers makes it even more confusing:

Computing Platform - this is a fancy way of saying a network of computers that run programs together.

Ethereum is a decentralized computing platform that executes programs anyone can create. In order to pay for the computing power used to execute these programs you pay with a cryptocurrency called Ether.

Decentralized computing platform, really?

[–]3hackg 8 ポイント9 ポイント  (1子コメント)

Ethereum is not meant to be a computing platform. It is meant to run smart contracts that handle the 3rd party trust and verification. Yes it can run some basic calculations, but that is just to handle the aspects of the contract.

[–]killerstormProgrammer 2 ポイント3 ポイント  (0子コメント)

I know what Ethereum is. My point is that people who try to explain Ethereum shouldn't use misleading metaphors and simplifications.

[–]Wishmaster90 25 ポイント26 ポイント  (6子コメント)

He is comparing apples with oranges. You would think the Principal Architect at Blockstream would know better than that. He is spreading pure FUD with that tweet.

[–]3hackg 4 ポイント5 ポイント  (3子コメント)

In a sense yea

Read the article, I thought so too until towards the end, he is trying to make a point that developers should be aware of what data they SHOULD store on-chain, and which data SHOULD be kept off-chain, and processed elsewhere. Keep in mind like you said this is comparing apples and oranges, especially with a project like Sia or Storj - totally different concept

[–]Wishmaster90 9 ポイント10 ポイント  (2子コメント)

I read the article a while ago. Yes that's the point of the article but him tweeting such headline is purely spreading FUD. That headline doesn't say shit. It's purely a sort of click bait tweet that attracts users. And how many of the people that saw that tweet will actually read and understand the article? 25 % ? 15 % ? 5 % ? It's not a lot that I can say.

That tweet is such bad marketing for Ethereum and it spread lies and misinformation to the common people.

[–]3hackg 3 ポイント4 ポイント  (0子コメント)

fair point - the tweet is misleading your right

[–]marcoski711 2 ポイント3 ポイント  (0子コメント)

bad marketing for Ethereum and it spread lies and misinformation to the common people.

Yep and that's the goal. I long ago lost good faith.

Ethereum may be nascent but it's still world-changing tech.

[–]div_username_divredditor for 26 days 2 ポイント3 ポイント  (0子コメント)

He literally says it is apples to oranges

[–]SirBellender 5 ポイント6 ポイント  (0子コメント)

This guy obviously doesn't understand the advantages of decentralised blockchain. Using the phrase makes you sound like a wizard.

[–]eeksskee 10 ポイント11 ポイント  (2子コメント)

Sending Vendmo is free. Sending with Bitcoin costs $2. Bitcoin is division by zero more expensive than Venmo. Awesome point. Not tendentious or FUDful at all. That guy works at Blockstream -- does company policy require all Blockstream social media to be political and disingenuous and attacking?

[–]ex_nihilo 1 ポイント2 ポイント  (1子コメント)

Your premise isn't wrong but it's worth noting that you can send bitcoin for a lot less than that right now. I've been paying 5-10 cents per transaction and having them clear within 30 minutes. Usually closer to 5 minutes.

[–]phor2zero 5 ポイント6 ポイント  (0子コメント)

Fees are too high. They need bigger blocks. 400 million x bigger. /s

[–]SamSlate 1 ポイント2 ポイント  (0子コメント)

yea and what's up with these tractors that don't get 40 mpg? so inefficient and dumb!

[–]DebianSqueez 1 ポイント2 ポイント  (0子コメント)

This guy computes

[–]Metasaurus_RexNEM fan 1 ポイント2 ポイント  (1子コメント)

NEM says what's up cuz. Been hanging over here the whole time with off-chain contracts but on-chain multi ledger data. Try it ETH, you'll like it!