5 ms·

web3 is BS everything runs on centralized servers, where are the peers in these p2p networks?

whoisninja 5y ago
yes, because this is buzzword marketing using VC dollars so that they can pump and dump some stupid tokens on retail around the world without any oversight from regulatory authorities there's nothing p2p in these networks, for instance 75% nodes in Ethereum are running on hosting service https://www.ethernodes.org/network-types https://www.ethernodes.org/network-types Solana requires 128GB min. of RAM to run a validator node lolol Messari is a retarded company, look at this pdf: v2s, v3s, defi, cedefi - i mean it's like they're trolling everyone a16z got a goldmine ponzi in their hands, they gonna milk it as long as they can
wegwerfbenutzer 5y ago
one is running next to me (geth + lighthouse)
diveanon 5y ago
Pretty bold claim with 0 evidence.
- space_rock 5y ago
  0 evidence? I think you mean endlessly endlessly evidence for fake decentralisation https://twitter.com/dydxprotocol/status/1468293558360805381 https://twitter.com/dydxprotocol/status/1468293558360805381 Here is a "decentralised" exchange going down with aws
  - 0x64 5y ago
    dYdX is a layer-2 zk-rollup-based exchange that is definitely not decentralized in the sense that e.g. Uniswap is on layer-1. It still, however, inherits the security guarantees of L1 despite not being directly intractable with from L1.
    - space_rock 5y ago
      I already know they aren't decentralised And yet they claim right on the front page "Decentralized" Also L1 exchanges on Ethereum are arguably not decentralised. They delegate power to miners as a shortcut
    - whoisninja 5y ago
      even your L1 is 70% hosted nodes , why not just run an api on a trusted company's servers that verifies your balances using pub/priv keys and signatures you guys are up for rude awakening when this rube goldberg machine bricks
      - diveanon 5y ago
        its been over a decade now. would like to point out that HN was also saying BTC was over valued at $1k. Didn't listen to you guys then, not going to now either.
        space_rock 5y ago
        What does this have to do with bitcoin? Their claims don't relate to bitcoin
        whoisninja 5y ago
        exactly
        whoisninja 5y ago
        Bitcoin is decentralized, 13,000 nodes - mostly residiential nodes, not hosted. You're assuming too much.
  - wegwerfbenutzer 5y ago
    Please make the effort to understand the difference between frontend and backend. The nice thing about the decentralised exchanges such as Uniswap or -dydx- is that you do not need their websites/ frontends because their smart contracts/ backend is available on the blockchain. Anybody can make a website that interacts with any smart contracts on the blockchain. There are even aggregator websites (e.g. https://app.defisaver.com/ https://app.defisaver.com/). Do you know any website that aggregates the services of any TradFi banks and brokers? Edit: Actually dydx is layer 2 now: https://dydx.exchange/blog/layer-1-wind-down https://dydx.exchange/blog/layer-1-wind-down
    - space_rock 5y ago
      Nice condescending tone you got going Backend/frontend? I thought this was a decentralized network. There should just be users with nodes. Backends point to clear points of failure from a disingenuous misleading project
      - diveanon 5y ago
        If you made even a passing attempt at understanding this space you would see how wrong you are. Anyone can interact with a contract directly, you don't need any FE or BE at all. I can't speak to the specifics of dydx since I am not a user and haven't done my due diligence on them, but with every other dex I have ever interacted with it is entirely possible to use their service entirely from the contract interface. Its usually the first thing I do to ensure that I can access my funds without any external dependencies.
        space_rock 5y ago
        How can I make a passing attempt to understand the space when I've already been teaching decentralised tech for 6 years
        diveanon 5y ago
        Then as an educator you are doing your students a disservice and allowing your personal bias to impact their future.
- whoisninja 5y ago
  what's this then : https://www.ethernodes.org/network-types https://www.ethernodes.org/network-types
- 0xdeadb00f 5y ago
  Pretty bold counter claim with 0 evidence.
  - diveanon 5y ago
    Uniswap, ApeSwap, PancakeSwap, SushiSwap, AAVE, Compound, Relay, and many many more. Check out dappradar for a more exhaustive list of the literal thousands of decentralized finance projects that are currently live. You can interact with any of these directly from the contract interface itself.
    - whoisninja 5y ago
      where is the code being executed ? hosted nodes or real peers in a "p2p" network? why does it hard fork so much and make prior clients incompatible? why do they have a monetary policy? isn't that what fiat currency is?
0x64 5y ago
I'm one, with a node running within arm's reach from me; so make that two I guess
- whoisninja 5y ago
  congrats for being one of the minority 20% residential nodes btw is it archival node or what?
  - 0x64 5y ago
    It's currently a standard Geth node due to storage limitations (a 1 TB disk for both Geth and Lighthouse). I'll bump the storage up next year to 2 TB (or more), so I can run an erigon archive node and thus won't need to prune geth regularly either.
    - whoisninja 5y ago
      are you aware of issues around MEV? and how it will centralize further with proof of stake and with staking derivatives?
      - 0x64 5y ago
        I'm aware, but I don't know if there are any clear-cut solutions. I'm honestly not too knowledgeable on the issues surrounding MEV in the first place, beyond the obvious issues with censorship and the power large node operators wield. Block proposer/builder separation is one step, but it obviously doesn't help with the fundamental issues surrounding MEV [1]. [1] https://ethresear.ch/t/proposer-block-builder-separation-friendly-fee-market-designs/9725 https://ethresear.ch/t/proposer-block-builder-separation-fri... e: a letter + source
        whoisninja 5y ago
        ya it's a rube goldberg machine

yes, because this is buzzword marketing using VC dollars so that they can pump and dump some stupid tokens on retail around the world without any oversight from regulatory authorities there's nothing p2p in these networks, for instance 75% nodes in Ethereum are running on hosting service https://www.ethernodes.org/network-types https://www.ethernodes.org/network-types Solana requires 128GB min. of RAM to run a validator node lolol Messari is a retarded company, look at this pdf: v2s, v3s, defi, cedefi - i mean it's like they're trolling everyone a16z got a goldmine ponzi in their hands, they gonna milk it as long as they can

wegwerfbenutzer 5y ago

one is running next to me (geth + lighthouse)

diveanon 5y ago

Pretty bold claim with 0 evidence.

space_rock 5y ago
0 evidence? I think you mean endlessly endlessly evidence for fake decentralisation https://twitter.com/dydxprotocol/status/1468293558360805381 https://twitter.com/dydxprotocol/status/1468293558360805381 Here is a "decentralised" exchange going down with aws
- 0x64 5y ago
  dYdX is a layer-2 zk-rollup-based exchange that is definitely not decentralized in the sense that e.g. Uniswap is on layer-1. It still, however, inherits the security guarantees of L1 despite not being directly intractable with from L1.
  - space_rock 5y ago
    I already know they aren't decentralised And yet they claim right on the front page "Decentralized" Also L1 exchanges on Ethereum are arguably not decentralised. They delegate power to miners as a shortcut
  - whoisninja 5y ago
    even your L1 is 70% hosted nodes , why not just run an api on a trusted company's servers that verifies your balances using pub/priv keys and signatures you guys are up for rude awakening when this rube goldberg machine bricks
    - diveanon 5y ago
      its been over a decade now. would like to point out that HN was also saying BTC was over valued at $1k. Didn't listen to you guys then, not going to now either.
      - space_rock 5y ago
        What does this have to do with bitcoin? Their claims don't relate to bitcoin
        whoisninja 5y ago
        exactly
      - whoisninja 5y ago
        Bitcoin is decentralized, 13,000 nodes - mostly residiential nodes, not hosted. You're assuming too much.
- wegwerfbenutzer 5y ago
  Please make the effort to understand the difference between frontend and backend. The nice thing about the decentralised exchanges such as Uniswap or -dydx- is that you do not need their websites/ frontends because their smart contracts/ backend is available on the blockchain. Anybody can make a website that interacts with any smart contracts on the blockchain. There are even aggregator websites (e.g. https://app.defisaver.com/ https://app.defisaver.com/). Do you know any website that aggregates the services of any TradFi banks and brokers? Edit: Actually dydx is layer 2 now: https://dydx.exchange/blog/layer-1-wind-down https://dydx.exchange/blog/layer-1-wind-down
  - space_rock 5y ago
    Nice condescending tone you got going Backend/frontend? I thought this was a decentralized network. There should just be users with nodes. Backends point to clear points of failure from a disingenuous misleading project
    - diveanon 5y ago
      If you made even a passing attempt at understanding this space you would see how wrong you are. Anyone can interact with a contract directly, you don't need any FE or BE at all. I can't speak to the specifics of dydx since I am not a user and haven't done my due diligence on them, but with every other dex I have ever interacted with it is entirely possible to use their service entirely from the contract interface. Its usually the first thing I do to ensure that I can access my funds without any external dependencies.
      - space_rock 5y ago
        How can I make a passing attempt to understand the space when I've already been teaching decentralised tech for 6 years
        diveanon 5y ago
        Then as an educator you are doing your students a disservice and allowing your personal bias to impact their future.
whoisninja 5y ago
what's this then : https://www.ethernodes.org/network-types https://www.ethernodes.org/network-types
0xdeadb00f 5y ago
Pretty bold counter claim with 0 evidence.
- diveanon 5y ago
  Uniswap, ApeSwap, PancakeSwap, SushiSwap, AAVE, Compound, Relay, and many many more. Check out dappradar for a more exhaustive list of the literal thousands of decentralized finance projects that are currently live. You can interact with any of these directly from the contract interface itself.
  - whoisninja 5y ago
    where is the code being executed ? hosted nodes or real peers in a "p2p" network? why does it hard fork so much and make prior clients incompatible? why do they have a monetary policy? isn't that what fiat currency is?

0x64 5y ago

I'm one, with a node running within arm's reach from me; so make that two I guess

whoisninja 5y ago
congrats for being one of the minority 20% residential nodes btw is it archival node or what?
- 0x64 5y ago
  It's currently a standard Geth node due to storage limitations (a 1 TB disk for both Geth and Lighthouse). I'll bump the storage up next year to 2 TB (or more), so I can run an erigon archive node and thus won't need to prune geth regularly either.
  - whoisninja 5y ago
    are you aware of issues around MEV? and how it will centralize further with proof of stake and with staking derivatives?
    - 0x64 5y ago
      I'm aware, but I don't know if there are any clear-cut solutions. I'm honestly not too knowledgeable on the issues surrounding MEV in the first place, beyond the obvious issues with censorship and the power large node operators wield. Block proposer/builder separation is one step, but it obviously doesn't help with the fundamental issues surrounding MEV [1]. [1] https://ethresear.ch/t/proposer-block-builder-separation-friendly-fee-market-designs/9725 https://ethresear.ch/t/proposer-block-builder-separation-fri... e: a letter + source
      - whoisninja 5y ago
        ya it's a rube goldberg machine