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File: 411 KB, 1390x792, eth.png [View same] [iqdb] [saucenao] [google]
19240241 No.19240241 [Reply] [Original]

IT CAN'T FUCKING SCALE. HOW MANY TIMES DO WE HAVE TO SAY THIS?!?!

ETH is pure spaghetti code. ETH was without a doubt a great idea; I will not deny that at all. However, most people in crypto don't have the comprehension or knowledge to be able and look at the code-base and identify flaws that could be catastrophic, both in terms of economic, security, and overall functioning in cost signals.

Vitalik is smart. However, he's the most retarded smart person in all of crypto. He's a fucking child who doesn't own up to his inability to produce a creation and has longevity. Him and his cronies wrote shitty-ass code. It can't scale. The only way it can scale is constant upgrades each time they feel things are getting congested. This is where the problem lies. It is impossible for ETH to implement a scaling solution to where it doesn't need upgrades anymore. For ETH to work, it will need constant upgrades of ETH 2.0, 3.0, 4.0, so on and so forth for an indefinite amount of time - just kicking the can down the road. Off-chain scaling won't work either because ETH's security is already shit on a stick. Making something more complicated that is already a piece of shit is 100% pointless. People can never steadily develop something on ETH because with each 'scaling upgrade', those who are creating on ETH will have to pivot each time to ensure their product is compatible to work on ETH. To sum it up, each time ETH decides to upgrade to scale, it just gets worse.

For ETH to work to the level needed, the amount of ETH in ever single wallet needs to be known after each transaction. Since ETH cannot implement SPV, it's impossible for ETH to scale because it does not have the capabilities to know the exact amount of ETH in every single ETH wallet after each transaction at a massive scale.

The only way to permanently fix ETH would be to roll back the chain to the beginning almost. Vitalik is just your average Russian retard who can't produce anything of value.

>> No.19240267

you wanna know the real fucked up part?

>YEAH I DID NOT SAY JULY

COPING METH HEADS BTFO. ETH 2.0 FUCKING NEVER.

>> No.19240342

>>19240241
This is true, but the reality is block chain cant scale. So its not so much an eth problem as it is a whole of crypto problem. Holochain is one of the only projects in crypto attempting to address this, because the reality is a dapp the size of facebook cant run on a block chain, period, and that makes blockchain distributed computing practically worthless

>> No.19240380
File: 110 KB, 668x445, 1B5E9435-C354-4042-BA3A-2B31E778BE0D.png [View same] [iqdb] [saucenao] [google]
19240380

Based. Gavin Wood is my leader now

>> No.19240547
File: 593 KB, 1581x2862, liquidity_network.png [View same] [iqdb] [saucenao] [google]
19240547

LQD solves this

>> No.19240726

>>19240380
How to get Kusama? Kucoin's KYC seems like a pain in the ass. I'm Australia btw if that's relevant.

>> No.19240781

>>19240342
So all crypto is worthless then?

>> No.19240915

>>19240241
Which is why you buy the 3rd wave of crypto and don't be an impatient baby.
Btc cant scale either, still gonna moon regardless

>> No.19240924

>>19240241
It will scale, faggot

>> No.19241149

>>19240241
v e t h will save ethereum

>> No.19241167
File: 629 KB, 680x778, 1544427578377.png [View same] [iqdb] [saucenao] [google]
19241167

>>19240241
It can though, with 2.0 it will scale, combined with loopring it will scale massively well for extremely cheap, fast, efficient and secure transactions.

Stay mad, maxi pad.

>> No.19241252

>>19240241
ethereum doesnt need to scale
it needs to serve as a basis of connectivity for private blockchains and thats it.

it'll store cryptographic proofs

>> No.19241256

>>19240241
But it can and will scale.

>> No.19241899

>>19240342
you do realise that biggest hard drives were 2MB some 30 years ago right? imagine living in this world and believing technology cant improve rapidly

>> No.19241960

>>19240241
decades, not centuries

>> No.19241993

Chainlink + arbitrum
Problem solved

>> No.19242168

>>19240342
Why would you ever want a decentralized facebook? You understand people generally use facebook to keep up with friends and plan events. Normies want curated content not a feed filled with gore and pedo shit

>> No.19242226

>>19240342
Just checked and holochain isnt even permissionless. There "dapps" will be censored as fuck. Whats the point? AWS is distributed enough

>> No.19242240
File: 4 KB, 376x134, 41555661faf.png [View same] [iqdb] [saucenao] [google]
19242240

>>19240241
>scales your shitcoin

>> No.19242590

>>19242168
>Why would you ever want a decentralized facebook? You understand people generally use facebook to keep up with friends and plan events. Normies want curated content not a feed filled with gore and pedo shit
Surely the NEET judges will step in

>> No.19242820
File: 251 KB, 500x580, 1514376550214.png [View same] [iqdb] [saucenao] [google]
19242820

Anon if you feel that way you shouldn't own any eth. I'm sure it will work out for you.

>> No.19242865

>>19240241
ETH doesnt even need to scale. Bitcoin does though. No wonder it can't break 10k when there is a 100MB mempool backlog. Right now, with the current state of Bitcoins segwit adoption 10k is the upper price limit it can possibly get.

>> No.19242890

>>19242865
>>19242820
so ETH is better hodl than BTC?

>> No.19242915

>>19242890
Unless you see Bitcoin suddenly scaling, then yes.
With staking, ETH will even become a better 'store of value' than BTC.

>> No.19242978

>>19240915
except BTC took the conservative approach and it can scale.

>> No.19242999
File: 162 KB, 1903x796, wen.jpg [View same] [iqdb] [saucenao] [google]
19242999

>>19242978
wen Blocksize increase?
wen ppl allowed to even start talking about an increase?

>> No.19243033

>>19240342
he doesn't know
>tocial.io

>> No.19243085

>>19240241
Explain exactly why ETH 2.0 is not enough. That has the theoretical potential for VISA-level activity. And that was always the plan, it is not unforeseen maintenance or feature creep. Why do they strictly need "ETH 3.0", "ETH 4.0" afterwards as you say?

>> No.19243158

>>19240241
Is this pasta? I think I have seen it before.
Spv clients work way better on ethereum, and sharding with rollups is sufficient for global scale.

>> No.19243181

>>19243085
>That has the theoretical potential for VISA-level activity.
What's visa level? Full eth2 scales to literally millions of tps with rollups. The entire world can run on it.

>> No.19243199

>>19243181
Well that's theory but I accounted for the fact that things are always somewhat limited by practicality.

>> No.19243227

>>19243158
it is pasta

>> No.19244187

>>19241993
Based. Eth will become the chainlink transfer network