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/biz/ - Business & Finance

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20861479 No.20861479 [Reply] [Original]

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.

>> No.20861516

Thanks, just bought 100k

>> No.20861530

THX just bought another 32ETH

>> No.20861536

>>20861479
pure spaghetti code droool

>> No.20861546

I have 90 eht and I'm counting on €1000 eoy. But boy that vitalik sure looks like a crackhead

>> No.20861659

just bought 200 ETH

>> No.20861688

If this was true ADA/XLM/XTZ and others would shoot through the roof and capitalize on it. It is not happening, why?

>> No.20861714

>>20861479
Nice, bought more

>> No.20861759

Doesn't ETH have a limitless supply? How do ETHfags justify this?

>> No.20861822

>>20861759
nice 2001 FUD
>>20861479
thanks now im considering converting my btc into eth, the last shitcoin i didnt do it with

>> No.20861875

>>20861688
they can't scale either
literally nothing decentralized can scale

>> No.20861913

>>20861479
Based OP Ethereum cannot scale thats a fact. The ETH 2.0 roll out is protracted and convoluted, not too mention that the technology they are working on is inferior and antiquated in comparison to Cardano. There is an atmosphere of ambiguity as to when the Ethereum development team will release a fully working product. If ETH 2.0 launches too early there will be without a doubt a series of disastrous catastrophic errors and bugs that will severally impact the confidence of users and investors. If they release ETH 2.0 too late they are going be left behind. Cardano has already developed a superior network that's orders of magnitude more technologically advanced than Ethereum 2.0. The ETH development team are working on an insurmountable task. Personally my own experience of using Ethereum has been overall a negative one, where the majority of the time I have to pay exorbitant amounts of money in gas fees only for my transactions to get stuck pending for one hour. If people that are technologically literate hate using Ethereum what will normies think of it when they clog the network trying to trade imaginary cats.

>> No.20861936

>>20861759
Because the ever decreasing rewards equate to an inflation rate that would be greatly lower than that of fiat currencies therefore barely affecting the supply/demand equilibrium and consequently the price. You see, beyond certain point having a supply that doubles every million years and having a limited supply are roughly equivalent. This is a concept that some crypto noobs find difficult to grasp but it is necessary to understand in order to explain Ethereum's great success. I hope my post helped you, anon, feel free to ask any other questions you might have about this great project.

>> No.20861944

>>20861875
I’m optimistic about ADA once they get smart contracts ready. Only seeing it in use will really let us know for sure.

>> No.20861947
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20861947

>>20861479
Just look at those eyes.

He's on something.
I asked before what he's on but mods deleted my thread for being off topic.

>> No.20861992

>>20861913
And are you confident that ada will replace eth? Bitcoin is a fat, slow, retard but it isn't going anywhere, no matter how fast and superior bitcoin cash is

>> No.20862006

So we bought and now it's up 7,2 % Please fud some more

>> No.20862009

>>20861479
this pasta is stale
>Since ETH cannot implement SPV
for others, eth has trustless light wallets because balances (entire state) is in a hash tree and the root is in a header. This is impossible on bitcoin. It's also why fast sync is trustless.

>> No.20862022

>>20861479
Bullish.I feel more comfortable with my 300+ ETH stack now.

>> No.20862200

>>20861992
Bitcoin was originally marketed as a "peer to peer" payment system.
That's not true. If you as anybody now they will tell you Bitcoin is "digital gold"

Ethereum want's to be a decentralized super network where the native asset "ETH" is not used as a peer to peer payment system neither is it a digital store of value. The only purpose of the ETH currency is to send data through the network. With gas fee's at the moment averaging around $3 for a single transaction. Can you see why ETH is flawed