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Ethereum will not scale. /Every/ single node will have to run these contracts. Not your node, not ten distributed nodes, but /every/ node has to run the contra

• SirensOfTitan 9y ago
  > Ethereum will not scale. I understand your not wanting to put your money into a bleeding edge technology, but there are /plenty/ of ways that Ethereum is working on the scaling problem: 1. Sharding and shard-based consensus algorithms are already in development and can be deployed after PoS hits. 2. Raiden offers scalability solutions for certain DApps.
  • ghayes 9y ago
    Can't you also snapshot state and start with a genesis block that covers all transactions up to that checkpoint?
  • tuxxy 9y ago
    > can be deployed after PoS hits. Why is this considered a solution? All it does is formalize Vitalik's control over the network. If he doesn't like it, it gets forked. Not to mention, do you know how few Ethereum nodes there are that /actually/ verify the contracts? Proof of Stake isn't going to incentivize anyone to execute the contracts on the scale that is needed to maintain this network. Sharding won't work if there aren't enough people to work with. What about DoS contracts? I know for a fact, that I can write code to brick SSDs by writing as much as possible to them. I honestly have no idea why anyone thinks joining into a botnet that allows arbitrary code execution is okay. Furthermore, all it takes is a single vulnerability in the Ethereum VM to cause a chain split that could, theoretically, throw every node off.