3 ms·
Compute power marches on, including bandwidth, i/o, and storage space/speed. If it increases faster than blockchain size, then we're OK.
by b112 2y ago
Compute power marches on, including bandwidth, i/o, and storage space/speed.
If it increases faster than blockchain size, then we're OK.
- ur-whale 2y ago> If it increases faster than blockchain size, then we're OK. Hope is not a strategy, and things should actually be the other way round: to avoid centralization, blockchain projects should be designed to scale at the same rate available compute power does externally: b/w, storage, etc.
- tossandthrow 2y agoIt absolutely is. Everything around you banks on an ever expanding economy and continuing inflation. Housing, pensions, etc. Saying that this is not a strategy is just plain wrong.
- lttlrck 2y agoSo long as we can pump oil out of the ground faster than we use, we're ok. A surprising number of things are "OK" if we ignore externalities.
- b112 2y agoThis is flawed reasoning. I mentioned nothing about oil, you are bizarrely trying to attribute a techinal response, to an anti-environment response. You fo realize ethereum isn't bitcoin, yes? Regardless, it sounds as if you're against more efficient, power saving computing? (Hands down, compute power is incredibly power efficient, compared to 20 years ago. This trend does, and will continue.) If you have issues with ethereum, which is one of the most friendly power consumption cryptos which exists, don't blame people citing techical facts.
- jongjong 2y agoIt doesn't solve the centralization issue though since it becomes increasingly difficult to run a full 'archive node' over time. I suspect it would take months to sync a full node from scratch today. That barrier is too high to be called decentralized. You end up having to restore from snapshots and that involves trust.