4 ms·

> For something that millions of people across the world rely on People keep claiming that millions of people rely on it is such a bullshit claim > with milli

> For something that millions of people across the world rely on People keep claiming that millions of people rely on it is such a bullshit claim > with million+ transactions daily Which is a paltry 11 transactions per second. I think a Raspberry Pi is now capable of the same amazing feat. > It's using a magnitude less energy now than YouTube or Netflix And doing orders of magnitudes less while consuming insane amounts of energy. Had Ethereum tried to move around as much video as Youtube and Netflix are doing, heat death of the universe would happen the next day after the attempt.

dannyw 4y ago
Can your Raspberry Pi synchronize with other Pis in a permissionless way, and agree on a shared state despite malicious actors?
- mort96 4y ago
  Can nodes in Etherium? Or is there a central governing body there which has the power to revert legitimate transactions, just like in traditional systems? https://levelup.gitconnected.com/how-ethereum-reversed-a-50-million-dao-attack-cee528d8c030 https://levelup.gitconnected.com/how-ethereum-reversed-a-50-... Oh. But hey, at least it's an unregulated, informal, ad-hoc process in Etherium with no justice system or oversight to enforce the rights of the little guy.
  - ikt 4y ago
    You do know you just compared ethereum when it was in its bootstrapping phase to now when it has millions of users and projects right? and you do know a group of people tried to have the same thing done again a few years ago and it failed right?
  - ETH_start 4y ago
    The DAO hard fork was an exceptional event that occurred in 2015, under very unique circumstances inherent to the world's first smart contract platform experiencing the world's first major smart contract hack, and has not been repeated since. Ethereum at this point - with seven years of autonomous operation and no repeats of DAO-like hard forks - has proven to be an immutable and credibly neutral settlement layer.
- dmitriid 4y ago
  You're pretending that tech is more important than the uses of that tech or the outcomes. Which is doubly ironic because the comment above compared Ethereum to Youtube and Netflix. The 99.999999999% of use cases for Ethereum (or for Blockchains in general) can be easily handled if not by a single Raspberry Pi, but at least by a modern laptop. Because those use cases are currency speculation, buying useless shit, and asset hoarding. The remaining arguably useful usecases are an exchange of IOUs.

dannyw 4y ago

Can your Raspberry Pi synchronize with other Pis in a permissionless way, and agree on a shared state despite malicious actors?

mort96 4y ago
Can nodes in Etherium? Or is there a central governing body there which has the power to revert legitimate transactions, just like in traditional systems? https://levelup.gitconnected.com/how-ethereum-reversed-a-50-million-dao-attack-cee528d8c030 https://levelup.gitconnected.com/how-ethereum-reversed-a-50-... Oh. But hey, at least it's an unregulated, informal, ad-hoc process in Etherium with no justice system or oversight to enforce the rights of the little guy.
- ikt 4y ago
  You do know you just compared ethereum when it was in its bootstrapping phase to now when it has millions of users and projects right? and you do know a group of people tried to have the same thing done again a few years ago and it failed right?
- ETH_start 4y ago
  The DAO hard fork was an exceptional event that occurred in 2015, under very unique circumstances inherent to the world's first smart contract platform experiencing the world's first major smart contract hack, and has not been repeated since. Ethereum at this point - with seven years of autonomous operation and no repeats of DAO-like hard forks - has proven to be an immutable and credibly neutral settlement layer.
dmitriid 4y ago
You're pretending that tech is more important than the uses of that tech or the outcomes. Which is doubly ironic because the comment above compared Ethereum to Youtube and Netflix. The 99.999999999% of use cases for Ethereum (or for Blockchains in general) can be easily handled if not by a single Raspberry Pi, but at least by a modern laptop. Because those use cases are currency speculation, buying useless shit, and asset hoarding. The remaining arguably useful usecases are an exchange of IOUs.