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Author Topic: [2016-03-05] If Bitcoin Was a Computer: Ethereum Says Its "the Way the Internet  (Read 507 times)
Minecache
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March 05, 2016, 09:34:14 AM
 #1

If Bitcoin Was a Computer: Ethereum Says Its "the Way the Internet Was Supposed To Work"

https://www.inverse.com/article/12419-if-bitcoin-was-a-computer-ethereum-says-its-the-way-the-internet-was-supposed-to-work

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March 05, 2016, 06:00:28 PM
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Still no clarification on why you'd use a "Bitcoin Computer" over say, actually spinning up some cheap instances on a commercial provider or rolling your own for free. I get that every permutation of Bitcoin is viewed with some awe and excitement, but the use-case here is far from clear in a world full of cloud computing solutions. There isn't a draconian crackdown on individual computing resource availability, so why even bother with something like this?

But the hype keeps on hyping...

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March 05, 2016, 10:08:49 PM
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Still no clarification on why you'd use a "Bitcoin Computer" over say, actually spinning up some cheap instances on a commercial provider or rolling your own for free. I get that every permutation of Bitcoin is viewed with some awe and excitement, but the use-case here is far from clear in a world full of cloud computing solutions. There isn't a draconian crackdown on individual computing resource availability, so why even bother with something like this?

But the hype keeps on hyping...


I agree. The processing power and speed of the "EVM" (Ethereum Virtual Machine) globally is very low compared to current standards. The argument has been made that there is a trade-off: to sacrifice processing power and speed for certainty, "without any possibility of downtime, censorship, fraud or third party interference" to quote from the ethereum.org homepage. But as you point out, decentralized cloud computing with proper security offers the same thing. Is the the EVM immune from DoS attacks?
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