I don't understand why Ethereum devs aren't more dedicated to decentralization - it's the only thing setting apart ETH from AWS.
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I don't understand what you mean by dedicated to decentralization? Further decentralization = additional cost.
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People seem to readily forget that decentralization inherently compromises speed / efficiency in the name of security / redundancy...
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By that logic, why make Ethereum at all? It's an objectively worse AWS?
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Like I said, security + redundancy. In the case of a financial ledger, that's really useful.
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But I agree, having *every node* run general purpose computation is wasteful and will not scale.
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A more sensible solution might be an off-network compute layer where all that's verified on-network is completion of said work.
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My premise has been (since the late 90s!) that what is needed is for the 2 parties to create a proof, others confirm it. That can scale!
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On Ethereum you’re not buying computation, but transparent computation. Transparent computation, unsurprisingly, costs more.
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You can prove a computation without everyone computing it. That is what cryptographic proofs are for.
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is there a canonical way to represent a computation?
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Comeon Zvi... you surely did algo class
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there is a diff btwn arb. computation in theory & EVM or x86 code. All these zkSNARKs/STARKs papers using the term program P w/o defining it
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yeah... gotta know the algo to count the cost
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People pay $10 transaction fees with Bitcoin, there are cheaper alternatives. Are they secure, censorship-resistant and decentralized? Nope
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"We also need to understand that at the end of the day we are comparing apples to oranges."
今後は興味のあるツイートがもっと表示されるようになります。 取り消す -
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No one sane would use
@EthereumNetw directly to perform computation, it's consensus engine, look at#TrueBit or@golemproject.
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Will litecoin be worth a tenth of a bitcoin?
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It has to be! Because silver is found 10x more in nature than gold.
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Stupidity is found 10x more in nature than intelligence, yet stupidity has larger impact on markets.
#Economics isn't all supply and demand!
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読み込みに時間がかかっているようです。
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