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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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24442074 No.24442074 [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.24442083

>>24442074
Dilate & sage

>> No.24442086

So..... long ADA?

>> No.24442113

>>24442074
I agree OP. Ethereum cannot scale thats a fact. The ETH 2.0 roll out is protracted and convoluted, not too mention that the technology they are working on is inferior and antiquated in comparison to Cardano. There is an atmosphere of ambiguity as to when the Ethereum development team will release a fully working product. If ETH 2.0 launches too early there will be without a doubt a series of disastrous catastrophic errors and bugs that will severally impact the confidence of users and investors. If they release ETH 2.0 too late they are going be left behind. Cardano has already developed a superior network that's orders of magnitude more technologically advanced than Ethereum 2.0. The ETH development team are working on an insurmountable task. Personally my own experience of using Ethereum has been overall a negative one, where the majority of the time I have to pay exorbitant amounts of money in gas fees only for my transactions to get stuck pending for one hour. If people that are technologically literate hate using Ethereum what will normies think of it when they clog the network trying to trade imaginary cats.

>> No.24442122

>>24442086
Polkadot & ADA

>> No.24442138

>>24442074
Wow biz is on fire with truth tonight. Seriously, what is the point of Ethereum?

This is very funny and I laugh at the unquestioning vapidity of people who say "smart contract" and just let other people fill in the details as to what that should mean and what the value should be. The mistake here is that "smart" is a misnomer. A contract, as we have known them for many hundreds of years, is already smart because it can often require the work of a solicitor or barrister to argue for or against the individual clauses of a contract; contract wording requires interpretation and that can require some of the highest order thinking. It is therefore smart.

A contract on Ethereum, then, isn't smart. It is a dumb contract. It is dumb in the sense that it executes itself, whether it has been audited and validated or not. And for that reason, you get fraud, after hack, after loss, after gimmick, after scam and essentially fuck all in-between.

And for what reason would anybody need to run computer programs in a decentralised way? What the fuck is the point? I can understand a currency being decentralised; that is completely intuitive and innovative, but running programs is useless as it is so insanely inefficient. Anything you could run on Ethereum you can run on AWS and it will be cheaper, faster and more secure, therefore resolving the trilema and revealing Ethereum to be completely and I mean COMPLETELY redundant. Just because something can work doesn't mean it has value, much like a kettle connected to a dynamo on an exercise bike would work. Ethereum is a fucking joke.

>> No.24442159

>>24442074
Based OP
Now ETH 2.0 is finally here all these Normie Vitalik cocksuckers are going to get a massive surprise when Gas fees go up in price and cost $100

$100 in "GAS fees" to Buy Raj's curry token on Uniswap!
HUR DURRRR ETH 2.0 YAAAAY!

>> No.24442186

>>24442074
>>24442113
>>24442138

thanks. just bought 100 more

>> No.24442195

What kind of faggot FUDs ethereum it's pumping at 4am

>> No.24442233
File: 72 KB, 797x557, maxresdefault-7-e1532500087240.jpg [View same] [iqdb] [saucenao] [google]
24442233

Vitalik looks like a slave.

>malnourished
>bad skin
>autistic
>sits on his dad's lap in his 20's

Has anyone done a welfare check on him or looked into this more?

>> No.24442253

>>24442195
Fantom faggots

>> No.24442511
File: 222 KB, 1018x1018, very.rare.pepe_123826296_3442714492472117_3325016617670631301_n.jpg [View same] [iqdb] [saucenao] [google]
24442511

>>24442074
Just bought one ETH

>> No.24442515

>>24442074
I imagine Charles Hoskinson waking up, using his python web crawlers to see this. And then copy and pasting this from his official Cardano copy pasta notepad file.

>> No.24442541
File: 5 KB, 259x194, pepe.jpg [View same] [iqdb] [saucenao] [google]
24442541

>>24442233
>not having gay sex with your dad
ngmi

>> No.24442562
File: 252 KB, 749x906, D026D75D-7686-4E55-8FF3-3875FC1A68EB.jpg [View same] [iqdb] [saucenao] [google]
24442562

What is the point of Ethereum?


This is very funny and I laugh at the unquestioning vapidity of people who say "smart contract" and just let other people fill in the details as to what that should mean and what the value should be. The mistake here is that "smart" is a misnomer. A contract, as we have known them for many hundreds of years, is already smart because it can often require the work of a solicitor or barrister to argue for or against the individual clauses of a contract; contract wording requires interpretation and that can require some of the highest order thinking. It is therefore smart.

A contract on Ethereum, then, isn't smart. It is a dumb contract. It is dumb in the sense that it executes itself, whether it has been audited and validated or not. And for that reason, you get fraud, after hack, after loss, after gimmick, after scam and essentially fuck all in-between.

And for what reason would anybody need to run computer programs in a decentralised way? What the fuck is the point? I can understand a currency being decentralised; that is completely intuitive and innovative, but running programs is useless as it is so insanely inefficient. Anything you could run on Ethereum you can run on AWS and it will be cheaper, faster and more secure, therefore resolving the trilema and revealing Ethereum to be completely and I mean COMPLETELY redundant. Just because something can work doesn't mean it has value, much like a kettle connected to a dynamo on an exercise bike would work. Where is the value in ETH? It’s value is composed of people scamming one another. Look at the fucking /biz/ catalog. You tell me if you think ETH has a future with this nonsense RAMPANT low IQ shilling of erc-20 tokens that serve no purpose

Ethereum is a fucking joke.

>> No.24442573

>>24442074
>>24442074
IF I GROW MY OWN POPPIES AND PRODUCE HEROIN WHICH I CONSUME HOW DOES THAT IMPOSE RISK ON OTHERS?????

>> No.24442606
File: 506 KB, 902x720, 9nj1-8bANM1vvFun.webm [View same] [iqdb] [saucenao] [google]
24442606

>>24442074
NGMI

>> No.24442634

>>24442573
CAN ARGUE 1) AND 2) CAN BE FALSE AT SAME TIME
< VITALIK BRAINLET CONFIRMED

>> No.24442658

>>24442074
>It can't scale
I hear that a lot, but I still don't understand what it means. Every time I ask, I get 5 different responses.

>> No.24442733

ETH is great. Seethe more, faggot.

>> No.24442853
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24442853

Ethereum has billions in liquidity on it. OP is just trying to FUD the price lower to buy more

>> No.24442905

Why get exposed to one token ? ETH or not ...You can arb the shit out of the entire crypto market with just Base ... dinosaur motherfuckers can't be helped

>> No.24442954

>>24442905
Another base shill.You meeks are everywhere, get a life

>> No.24443264

>>24442074
just don't talk about this, okay anon

>> No.24443515

Forget scaling, shiterium is facilitating thousands of scams, 99% were frauds.

KILL IT WITH FIRE