3 ms·
> Theoretically, ETH can only do around ~2.5M transactions a day. Not exactly ready for widespread usage either. This is besides the point. There are many scal
by 1996 6y ago
> Theoretically, ETH can only do around ~2.5M transactions a day. Not exactly ready for widespread usage either.
This is besides the point. There are many scaling solutions - and technology improves with time.
Your point is equivalent to saying "yeah but you can't put full videos online or even distribute them in digital format" in 1996, or predicting youtube is doomed to fail (like most nerds did back then)
Even with the storage technology of 1996 (700 MB CD) with the help of new algorithms you can compress a full movie at NTSC resolution or better.
And today, youtube is one of the most popular websites if not #1 in most of the world.
You may say "hindsight 20/20", I will say instead "old geeks can't understand the market or the potential of new things" - like the iPod. Less space than a nomad! Lame! Young impressionable geeks parrot these words instead of thinking by themselves.
Meanwhile, those who can see beyond the present limitations understand how wrong this all is.