The Ethereum Paradox | Bitcointalksearch.org

vokain1

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Quote from: Traxo on May 28, 2018, 03:28:02 PM

@anonymint has written a comprehensive blog analyzing the extant projects and consensus ledger designs.
This exemplifies the depth of his research and expertise, as well pretty much points out that
there's nothing yet published in our industry which can achieve all three of: scalability, security, and decentralization.

https://steemit.com/cryptocurrency/@anonymint/scaling-decentralization-security-of-distributed-ledgers

Shelby’s Law?

Sakira72

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So now we know stoat refuses to provide proof and thus is a low life lying scammer who has to beg for funds while lying about a friend in need.

maoasd99z99

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Let me ask a stupid question here. How a user can have gas in one partition and not to have gas in another ? Are you saying that a user had spent his gas but it didn't get validated by the system ?

Rejinx

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Bitcoin is not whatever amplified administered than Ethereum. it is conscionable as inessential in that impression. Ethereum conscionable entranced the brain curve of the programmable handwriting in bitcoin and lingering the functionality

trannguyen.22021999

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So now we know stoat refuses to provide proof and thus is a low life lying scammer who has to beg for funds while lying about a friend in need.

bamita140

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Will I receive your apology when you later realize you were wrong, as you did on Iota and again on your other failed idea for DAG-like design.

vivuta102

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The problem is with the operating system's entropy pool and the API for accessing it. Avoid it entirely if you want to be very sure.

lalatao77

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I read a paper a few years ago. In certain conditions, 25% is enough to launch attack. But for Ethereum, it is GPU mining, so it is difficult to have vast amount of hashing power.

Traxo

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@anonymint has split the recent blog into two parts because it exceeded the maximum length in bytes of a Steemit blog.
Part 2 now has a more complete explanation and analysis of how Byteball works which was extracted and improved from his CRED 2016 whitepaper rough draft.
Also an analysis of Hashgraph will be added:

https://steemit.com/cryptocurrency/@anonymint/scaling-decentralization-security-of-distributed-ledgers-part-2

Traxo

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Activity: 568

Merit: 703

@anonymint has written a comprehensive blog analyzing the extant projects and consensus ledger designs.
This exemplifies the depth of his research and expertise, as well pretty much points out that
there's nothing yet published in our industry which can achieve all three of: scalability, security, and decentralization.

https://steemit.com/cryptocurrency/@anonymint/scaling-decentralization-security-of-distributed-ledgers

Traxo

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Activity: 568

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Quote from: Traxo on May 26, 2018, 04:52:11 AM

https://medium.com/@shelby_78386/i-dont-see-how-it-s-plausible-for-parallel-forks-of-the-hash-chain-to-be-finalized-concurrently-cb57afe9dd0a

@anonymint informed me that he added a very significant EDIT in the middle of that linked Medium post,
wherein he analyzed the OmniLedger (and Byzcoin) consensus ledger design in the context of his rebuttal of Vitalik's 2017 blog.
It turns out that OmniLedger is exactly the same as the design @anonymint had conceived of as of early 2016,
but he had discarded that design due to some flaws which he explains in the new EDIT.
He also explains how his current design improves upon those remaining flaws in OmniLedger and EOS.

R9s

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Fast, Smart, Trustworthy

Although Ethereum has a great dependence! But now that more and more projects are being added to the token market, their demand for Ethereum is very large unless one day a new team replaces it!

slaman29

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Livecasino, 20% cashback, no fuss payouts.

Wow, what a find. And this thread was made almost around the time I first started learning about Ethereum.

The ending point is the chief point of all my arguments against Ethereum as well. Yes, I have learnt to respect it. Yes, I have even bought a little to add to my "holdings". Yes, I can even marvel at some of the achievements.

But I cannot forget that every time I consider it long term, I ask myself: can I trust that Vitalik is smarter than Satoshi? Or. Can I trust Vitalik?

Traxo

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Quote from: mining1 on April 15, 2017, 06:51:33 AM

Quote from: iamnotback on April 13, 2017, 06:14:33 AM

Ethereum's Casper shit is more of the same proof-of-stake (nothing-at-stake or centralization by economic weight, e.g. DPoS) nonsense. The betting stuff enables what Vitalik refers to as "dark uncles" or "dunkles", which Vitalik incorrectly thinks will solve the nothing-at-stake problem. Also Casper has the problem that all deterministic finality PoS and Byzatine agreement systems have, which is a 33% liveness threshold which if that many validators balk or stop processing, then the chain can't move forward without a hard fork.

Major casper issues have already been solved, i think you're stuck with 2015 infos about casper. https://medium.com/@VitalikButerin/minimal-slashing-conditions-20f0b500fc6c
https://github.com/ethereum/research/blob/master/casper4/simple_casper.v.py
https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ

Also casper does not assume rational attackers, so if a 51% attack happens in POS, at curent prices, the attackers would have to burn 100-500mil $. In which case they would rather do it now than later because it would cost them 10 times less. With ~30$ mil you can even attack bitcoin.

@anonymint tells me in private chat that Vitalik hasn’t solved anything. Here are some of his initial thoughts:

https://medium.com/@shelby_78386/i-dont-see-how-it-s-plausible-for-parallel-forks-of-the-hash-chain-to-be-finalized-concurrently-cb57afe9dd0a
https://medium.com/@shelby_78386/first-apparently-youre-not-aware-that-the-casper-slasher-design-work-appears-to-be-fundamentally-c2a72d18f5fa
https://medium.com/@shelby_78386/the-caveat-though-is-that-when-the-attacker-can-fork-the-vested-interests-of-some-of-the-users-9340dd037a61
https://medium.com/@shelby_78386/ftfy-for-the-both-to-be-finalized-then-at-least-%E2%85%94-of-the-validator-set-of-the-parent-block-must-6da5da9197cc
https://medium.com/@shelby_78386/my-analysis-of-vitaliks-logic-doesn-t-allow-for-new-stakers-to-restart-the-stalled-chain-91016ee63587

And he says a new blog is coming that will detail many more flaws in the plans for sharding in Ethereum.

Quote from: korchenkov on March 13, 2018, 01:29:15 PM

I have news for you folks. Vitalik Buterin is not a human being. He is an alien from a galaxy on the other side of the universe. He came here through a portal to save our world.

Again from @anonymint:
"After reviewing the above links, I think you will be sad to learn that Vitalik is human, fallible, and apparently quite inept at designing a new blockchain consensus algorithm."

Collider

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Quote from: tokeweed on February 11, 2016, 11:12:27 PM

But will ETH reach 10 USD?

Guys, look, 2 years ago we did not trust that ETH could reach 10USD.
Now, we still do not trust in the further growth, right? And that is bad, we have to be optimistic Cool

.

neerajimittal

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Ethereum is a system of redundantly executed code, a general purpose CPU mirroring the functionality of the worlds most inefficient botnet without parallelization. Unless blockchain scaling is either huge or infinite, the validation and redundancy of simple transactional data, which Bitcoin attempted to solve in a distributed manner, is far more useful in a cost benefit analysis rather than open ended computational redundancy. In other words, Bitcoin is an ASIC for a specific purpose, and struggles to fulfill that role even with a streamlined design. Ethereum, on the other hand, has introduced an objectively less efficient design to try and conquer even more problems.

korchenkov

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I have news for you folks. Vitalik Buterin is not a human being. He is an alien from a galaxy on the other side of the universe. He came here through a portal to save our world.

AlexGR

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Quote from: Haterreact on July 25, 2017, 11:13:30 AM

forks after forks,hacks after hacks , still ethereum is second most value in cryptoworld. thats not an easy feat to achieve.

The more centralized a coin is, the more it can draw institutional investors who feel safer compared to more anarchic, or chaotic, decentralized alternatives.

However cryptocurrencies weren't invented (at least originally) with the intention to rival the investment in bank stocks and the likes.

Traxo

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Quote from: http://lambda-the-ultimate.org/node/5003#comment-94645

but I haven't seen many lessons learned from this research, or even PLT research, adopted in the Solidity language.

Haterreact

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forks after forks,hacks after hacks , still ethereum is second most value in cryptoworld. thats not an easy feat to achieve.

Topic: The Ethereum Paradox (Read 99815 times)