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My main Interest in Ethereum (and Maidsafe) like most developers in the community is not so much money but the dream of having a truly decentralised web one day
by brokenmachine 10y ago
My main Interest in Ethereum (and Maidsafe) like most developers in the community is not so much money but the dream of having a truly decentralised web one day
Can someone explain to me how Ethereum fulfils the "dream of having a truly decentralised web"? From my understanding, it just sounds like Bitcoin with programmable contracts tacked on.
How would I run, say, a reddit-like site using Ethereum?
- fivesigma 10y ago>Can someone explain to me how Ethereum fulfils the "dream of having a truly decentralised web"? It doesn't. It's hyped up bullshit. Every Ethereum node runs the exact same code (single threaded too) with heavy computing and storage restraints. There's no sharding or load balancing. Can you run the entire reddit website on a single 90s computer? The answer is no. Don't get me wrong, Ethereum is an interesting experiment and blockchains are useful for a number of things, but the notion of "lets put everything on the blockchain" is a shitty, terribly inefficient solution looking for a problem.