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Using Ethereum as an example, the code is open source. The Ethereum Virtual Machine is a cloud computer. As in, when you execute code on the EVM it is executing

Using Ethereum as an example, the code is open source. The Ethereum Virtual Machine is a cloud computer. As in, when you execute code on the EVM it is executing on someone else's computer for a per-use price. Hence, "open source cloud computing". At least that's what I think the parent is getting at. I would agree it's a bit of an obtuse analogy and doesn't necessarily apply to all of crypto as a whole.

WalterSear 5y ago
Due to the massive redundancy and waste involved, the entire EVM performs less useful computation than one of AWS's smallest EC2 instance types; less than a current Raspberry Pi attached to a 100 gig SSD. In practical terms, the machine I'm writing this on is closer to cloud computing than the EVM is.
- leesalminen 5y ago
  > Due to the massive redundancy and waste involved, the entire EVM performs less useful computation than one of AWS's smallest EC2 instance types; less than a current Raspberry Pi attached to a 100 gig SSD. Ok, yes, that's fair. That doesn't totally negate the analogy, though. It just shows that it's a potentially inferior solution. > In practical terms, the machine I'm writing this on is closer to cloud computing than the EVM is. I think what the parent was getting at is the whole "cloud == someone else's computer" trope. Without knowing more details about the computer you're using to post on HN it's impossible to know but I think it's pretty likely you own the computer you're currently using. You wouldn't be using your employer's computer for non-work purposes, right? ;)