Topic: Ethereum Never Designed for Scalability (Read 446 times)
Vitalik is humble and keep saying words out from his mouth regarding eth platform. To be honest, when it comes to scalability eth is one of the best there to use for. Only fools will ride their statement regarding this. Before Vitalik creating fud also on his own project but I believe that was only a humor cracked joke. He is smart and he knows how to handle politics in crypto industry.
well, recently i read some article,and then, i am quite surprised about it. because Vitalik Buterin and Joesph Lubin says ethereum blockchain was never designed for scalability.
firstly i think, it's just ridiculous statement. but well, since we know exactly what happened on ethreum blockchain, i guess that statement have some true point.
they maybe never think before, ethereum will have tremendous popularity in the crypto industry.
oh yeah , this their statement.
well, any thoughts ?
firstly i think, it's just ridiculous statement. but well, since we know exactly what happened on ethreum blockchain, i guess that statement have some true point.
they maybe never think before, ethereum will have tremendous popularity in the crypto industry.
oh yeah , this their statement.
well, any thoughts ?
In my opinion things like this often happen. At the beginning of the project, they never thought that the project would be this big, as in 2014, people would not think that the price of bitcoin could reach $ 20k. The founders usually don't anticipate things that they themselves don't expect, but I think in the end ethereum will find a solution to this problem
ETH was seen as something that was more scalable than bitcoin
of course is it,even today.
but the problem is that it's not enough, with the features they have, it's really lacking, and that's what is happening right now.
Vitalik is a smart person. I think he will do anything to keep the Ethereum ecosystem going for decades.
of course,all of creators in the world will do same as you say.
the most important thing is I will continue to support the Ethereum project and continue to buy it when prices are cheap.
I don't think that's the right action or answer in the process of supporting something,somehow i just think, keep buying its not the right thing for such thing like this.because this is not entertainment thing. and vitalik is not artist.
Vitalik is a smart person. I think he will do anything to keep the Ethereum ecosystem going for decades.
I personally do not really bother, the most important thing is I will continue to support the Ethereum project and continue to buy it when prices are cheap.
I personally do not really bother, the most important thing is I will continue to support the Ethereum project and continue to buy it when prices are cheap.
Aren't they proposing some sort of Ethereum 2.0 protocol for scaling?
It's funny because previously, ETH was seen as something that was more scalable than bitcoin and the entire point of the scare campaign about the 'flippening' was that bitcoin couldn't be scaled, transaction fees are going to skyrocket, and people are going to flood towards ETH.
And now, the tables have turned and the situation is binary opposites.
It's funny because previously, ETH was seen as something that was more scalable than bitcoin and the entire point of the scare campaign about the 'flippening' was that bitcoin couldn't be scaled, transaction fees are going to skyrocket, and people are going to flood towards ETH.
And now, the tables have turned and the situation is binary opposites.
The 'right' time to scale was when the blocks became full in 2017 and that's still the case today---the only economical incentive Vitalik satisfies here is that of the miners because they absolutely love scooping up high fees.
Tether has been an absolute stress factor on the network lately. It drives the gas price up for every user, which isn't something that people couldn't have seen coming, especially after the token boom in 2017 and some part of 2018.
I can see Tether only further drive gas prices up with how more and more USDT shifts from Omni to Ethereum. It's a serious problem that grows bigger and bigger. It's better to have it be more distributed to take some stress off Ethereum.
Tether has been an absolute stress factor on the network lately. It drives the gas price up for every user, which isn't something that people couldn't have seen coming, especially after the token boom in 2017 and some part of 2018.
I can see Tether only further drive gas prices up with how more and more USDT shifts from Omni to Ethereum. It's a serious problem that grows bigger and bigger. It's better to have it be more distributed to take some stress off Ethereum.
well, but what if the scenario is like this .
when 2017 party , vitalik and the team see huge anthusiast of ico from their blockchain , and then , they know what exactly happen about their scalability.
but they have no idea how to solved it ? its seems quite reasonible right ?
everything will be implemented at the right time
The 'right' time to scale was when the blocks became full in 2017 and that's still the case today---the only economical incentive Vitalik satisfies here is that of the miners because they absolutely love scooping up high fees.Tether has been an absolute stress factor on the network lately. It drives the gas price up for every user, which isn't something that people couldn't have seen coming, especially after the token boom in 2017 and some part of 2018.
I can see Tether only further drive gas prices up with how more and more USDT shifts from Omni to Ethereum. It's a serious problem that grows bigger and bigger. It's better to have it be more distributed to take some stress off Ethereum.
The development, although slow, will eventually be, i think that developers can do this.
the thing about Vitalik is that he created ethereum to make money nothing else.
He's already rich tho... his premine is worth probably a billion dollars. I don't think he's motivated only by money but he sounds like many other over-optimistic software developers who think that they can do anything in a fortnight. And he doesn't seem to have a real boss who can slap him back into reality.
This is a very ridiculous statement. The idea of Ethereum was intended to create a world computer. That is, Vitalik Buterin initially laid the factor of huge scalability of his project. But today we see that no work on Ethereum is carried out. Yes, such statements make investors think about where they have invested their money. It is very terrible to hear such words from the flagship of the cryptocurrency industry.
the thing about Vitalik is that he created ethereum to make money nothing else.
He's already rich tho... his premine is worth probably a billion dollars. I don't think he's motivated only by money but he sounds like many other over-optimistic software developers who think that they can do anything in a fortnight. And he doesn't seem to have a real boss who can slap him back into reality.
Money is always a big motivation of anyone, and we have to admit that honestly or we are just lying...but there must be a time when things must go beyond money. I am admiring Vitalik Buterin because at a young age he at least contribute something to the world of cryptocurrency and yes he has own share of detractors too and that can just be natural as nobody can please all and we have our own opinions and convictions, anyway.
Now, as far as the scalability of the Ethereum network, I am sure that devs and all the people behind it are all aware of the scale of the problem and that they must do something concrete and long-term about it. I am waiting for the Ethereum 2.0 before I will decide if Ethereum has a good future ahead of itself or will this coin just be left in the dust and allowed to die a natural "death;" hopefully we will see that 2020 is the year of make or break for Ethereum.
Everyone has their strengths. I think Ethereum is one of the real proofs in crypto activity, especially blockchain technology.
If I look at the development of Ethereum in the past few months, I also agree with his statement.
Ethereum is a proof that you cannot trust them, if you remember what happened in 2016 when DAO hack happened and they hardforked and created a new chain and we still have two coins and when they roll out the version 2 they will have another new chain If I look at the development of Ethereum in the past few months, I also agree with his statement.
. If you are an investor you will be confused about the number of chains ETH will be having after the next chain evolves 
. the thing about Vitalik is that he created ethereum to make money nothing else.
He's already rich tho... his premine is worth probably a billion dollars. I don't think he's motivated only by money but he sounds like many other over-optimistic software developers who think that they can do anything in a fortnight. And he doesn't seem to have a real boss who can slap him back into reality.
He maybe a good programmer but I guess it is not is forte with regards of seeing possible things in the future. Being a programmer is different from being a strategist, or an economist. He saw things in a programming language but not in how the world works. That is why he keep on saying confusing words. But well as you said it is not late, good thing is technology is created to evolve, so if Ethereum is initially not made to scale, they can make it scale by tweaking and upgrading its design.
Right on.
He knows what to do when those fingers are on the keyboard or just in front of computer but never the other parts of it.
He also said before that Ethereum will never reach that ATH again just after a $200 fall.
Because of that the price dropped in an instant without even stopping for a while in the mid section of the total price.
What am I pointing at?
He ain't the marketing strategies of the company.
He should really stop being something else or someone else.
That's not suitable with their concept in early stage. And there's nothing new with this. Vision can be changed anytime. According on eth's current condition it must be fixed. How much project was running in this chain until now a days. Scalability always meet the obstacle and overload. Do you never think he was tired of this?
Never designed for scalability but that didn't stop them from promoting it as "the world computer".
I have great respect for Vitalik as a nerd but he's too often sounding like a shyster. Make up your mind, is it the world computer, or your backyard computer.
I have great respect for Vitalik as a nerd but he's too often sounding like a shyster. Make up your mind, is it the world computer, or your backyard computer.
very good point.
the thing about Vitalik is that he created ethereum to make money nothing else. at that time (in early days) to get it pumped he had to make big claims like that. it is not just these simple statements like "world computer" it is about the fact that they even attacked bitcoin with sever criticism that it has high fees and claimed their coin will never have high fees. soon after they made this accusation ETH transaction fees went to $5 and more.
the problem is that even though there are many differences between ethereum and bitcoin, it is still a copy of bitcoin and because of that you can't make its blocks fast as 1 second and it will never have scalability. but when you ignore that and try it just for short term hype and dump you'll end up with 3 TB blockchain
I think that if so far goes and Etherium will start to use the whole world and how bitcoin will create hard forks supporting the Etherium network. I wonder when the next halving is ETH
What u talking about ?
Can u explain in the details ?
I cant understand what u talking about "how bitcoin will create hard forks supporting the ethereum network" , even it seems imposible to do .
well, recently i read some article,and then, i am quite surprised about it. because Vitalik Buterin and Joesph Lubin says ethereum blockchain was never designed for scalability.
firstly i think, it's just ridiculous statement. but well, since we know exactly what happened on ethreum blockchain, i guess that statement have some true point.
they maybe never think before, ethereum will have tremendous popularity in the crypto industry.
oh yeah , this their statement.
well, any thoughts ?
firstly i think, it's just ridiculous statement. but well, since we know exactly what happened on ethreum blockchain, i guess that statement have some true point.
they maybe never think before, ethereum will have tremendous popularity in the crypto industry.
oh yeah , this their statement.
well, any thoughts ?
I have a sufficient amount of Ethereum on my accounts and I also hope that with the release of updates, the price of this coin will grow greatly, and I will be able to earn some money. As time goes on, I have less faith in it, but I have nothing to do but wait and hope.
I think that if so far goes and Etherium will start to use the whole world and how bitcoin will create hard forks supporting the Etherium network. I wonder when the next halving is ETH
Vitalik had no idea what Ethereum would turn into when he created it. However, at the moment I believe that Ethereum can solve the problems of scalability.
Yes.Everyone can not predict what will happen,including satoshi,he just released bitcoin,and begin to mine himself,now bitcoin is the most promising digital gold.
So as vitalik,his team released ethereum platform as promised,so many dapps created on it, ICO bubble,...
Many developer are building on it to make eth ecosystem stronger..
The team is solving the scalability problems with many tried,sharding,plasma,layer2.
There will be a best practice.
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