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>These sorts of extreme costs are inherent to any trustless decentralized system like Ethereum. Do you have a demonstration of that proposition? I see no reaso
by prvc 5y ago
>These sorts of extreme costs are inherent to any trustless decentralized system like Ethereum.
Do you have a demonstration of that proposition? I see no reason why that needs to be true at all. There's a big gap between "free" and "extreme costs".
- 6nf 5y agoEvery contract has to be verified by every node on the network, usually many many times over. The network is huge.
- prvc 5y ago>The network is huge. That is only one factor in the equation. The cost of performing a calculation is tiny, on the other hand. How you would, even conceptually, be able to arrive at some minimum dollar figure for such a thing, that is large in comparison to, say a person's average income is unclear.
- theelous3 5y agoAs long as storage, electricity, and network costs are somewhat in the ballpark of where they are now, and interest in eth is sufficiently high, there's no way around it. You can't just put something on thousands of devices, indefinitely, for low to no cost. In fact, it _has_ to be at least more expensive that whatever the cheapest highly reliable storage provider offers. Otherwise I'm going to be using everyone's machines to host all sorts. Same with webhosting, and any other kind of hosting.
- toomuchtodo 5y agoIf one wanted to attack the network, and had the resources, could they scale up the network nodes they had control over to starve participants by making it too expensive to perform operations?
- theelous3 5y agonvm