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The issue is what constitutes a sufficient amount of "decentralization". Extremists who may or may not have ulterior motives seem to oppose any change which by
by pmorici 5y ago
The issue is what constitutes a sufficient amount of "decentralization". Extremists who may or may not have ulterior motives seem to oppose any change which by their estimation might decrease the decentralization. They want to minimize the cost of running a full node without consideration for the fact that optimizing that to the extreme causes transaction fees to go parabolic and thus also prices less well off users out of participating in the network and if the fees are too expensive to transact why would you run a full node for a network you can't use. There is no balance in their thinking.
- TimJRobinson 5y agoI see you haven't discovered the wonders of ZKRollups yet. Have a read of the works of Polynya [0]. Ethereum will be a settlement layer for these execution chains that can do thousands of TPS at a fraction of the current fee, and their only limit on TPS is data storage, which will be expanded with data shards. [0] https://polynya.medium.com/ https://polynya.medium.com/
- pmorici 5y agoYeah, I'm aware of that stuff I don't think it will get traction and adds complexity w/o really solving the fundamental problem. My bet is a practical competitor will find a way to balance the different tradeoffs and the winner will be a so called L1 network.