IT CAN'T FUCKING SCALE. HOW MANY TIMES DO WE HAVE TO SAY THIS?!?!
ETH is pure spaghetti code. ETH was without a doubt a great idea; I will not deny that at all. However, most people in crypto don't have the comprehension or knowledge to be able and look at the code-base and identify flaws that could be catastrophic, both in terms of economic, security, and overall functioning in cost signals.
Vitalik is smart. However, he's the most retarded smart person in all of crypto. He's a fucking child who doesn't own up to his inability to produce a creation and has longevity. Him and his cronies wrote shitty-ass code. It can't scale. The only way it can scale is constant upgrades each time they feel things are getting congested. This is where the problem lies. It is impossible for ETH to implement a scaling solution to where it doesn't need upgrades anymore. For ETH to work, it will need constant upgrades of ETH 2.0, 3.0, 4.0, so on and so forth for an indefinite amount of time - just kicking the can down the road. Off-chain scaling won't work either because ETH's security is already shit on a stick. Making something more complicated that is already a piece of shit is 100% pointless. People can never steadily develop something on ETH because with each 'scaling upgrade', those who are creating on ETH will have to pivot each time to ensure their product is compatible to work on ETH. To sum it up, each time ETH decides to upgrade to scale, it just gets worse.
For ETH to work to the level needed, the amount of ETH in ever single wallet needs to be known after each transaction. Since ETH cannot implement SPV, it's impossible for ETH to scale because it does not have the capabilities to know the exact amount of ETH in every single ETH wallet after each transaction at a massive scale.
The only way to permanently fix ETH would be to roll back the chain to the beginning almost. Vitalik is just your average Russian retard who can't produce anything of value.
This is true, but the reality is block chain cant scale. So its not so much an eth problem as it is a whole of crypto problem. Holochain is one of the only projects in crypto attempting to address this, because the reality is a dapp the size of facebook cant run on a block chain, period, and that makes blockchain distributed computing practically worthless
How to get Kusama? Kucoin's KYC seems like a pain in the ass. I'm Australia btw if that's relevant.
Jordan Davis
So all crypto is worthless then?
Ryan Brooks
Which is why you buy the 3rd wave of crypto and don't be an impatient baby. Btc cant scale either, still gonna moon regardless
Juan Ross
It will scale, faggot
Benjamin Gutierrez
v e t h will save ethereum
Grayson Murphy
It can though, with 2.0 it will scale, combined with loopring it will scale massively well for extremely cheap, fast, efficient and secure transactions.
ethereum doesnt need to scale it needs to serve as a basis of connectivity for private blockchains and thats it.
it'll store cryptographic proofs
Easton Allen
But it can and will scale.
Daniel Price
you do realise that biggest hard drives were 2MB some 30 years ago right? imagine living in this world and believing technology cant improve rapidly
Liam Martinez
decades, not centuries
Jackson Gomez
Chainlink + arbitrum Problem solved
Aiden Clark
Why would you ever want a decentralized facebook? You understand people generally use facebook to keep up with friends and plan events. Normies want curated content not a feed filled with gore and pedo shit
Blake Stewart
Just checked and holochain isnt even permissionless. There "dapps" will be censored as fuck. Whats the point? AWS is distributed enough
>Why would you ever want a decentralized facebook? You understand people generally use facebook to keep up with friends and plan events. Normies want curated content not a feed filled with gore and pedo shit Surely the NEET judges will step in
Ian Campbell
user if you feel that way you shouldn't own any eth. I'm sure it will work out for you.
ETH doesnt even need to scale. Bitcoin does though. No wonder it can't break 10k when there is a 100MB mempool backlog. Right now, with the current state of Bitcoins segwit adoption 10k is the upper price limit it can possibly get.
Brody Cruz
so ETH is better hodl than BTC?
Camden Cooper
Unless you see Bitcoin suddenly scaling, then yes. With staking, ETH will even become a better 'store of value' than BTC.
Noah Morgan
except BTC took the conservative approach and it can scale.
Anthony Williams
wen Blocksize increase? wen ppl allowed to even start talking about an increase?
Explain exactly why ETH 2.0 is not enough. That has the theoretical potential for VISA-level activity. And that was always the plan, it is not unforeseen maintenance or feature creep. Why do they strictly need "ETH 3.0", "ETH 4.0" afterwards as you say?
Jose Turner
Is this pasta? I think I have seen it before. Spv clients work way better on ethereum, and sharding with rollups is sufficient for global scale.
Carson Parker
>That has the theoretical potential for VISA-level activity. What's visa level? Full eth2 scales to literally millions of tps with rollups. The entire world can run on it.
David Sanchez
Well that's theory but I accounted for the fact that things are always somewhat limited by practicality.
