Bitcoin Forum
November 13, 2024, 02:16:17 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2016-03-05] If Bitcoin Was a Computer: Ethereum Says Its "the Way the Internet  (Read 590 times)
Minecache (OP)
Legendary
*
Offline Offline

Activity: 2366
Merit: 1024


Vave.com - Crypto Casino


View Profile
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

TraderTimm
Legendary
*
Offline Offline

Activity: 2408
Merit: 1121



View Profile
March 05, 2016, 06:00:28 PM
 #2

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...

fortitudinem multis - catenum regit omnia
arcticlava
Member
**
Offline Offline

Activity: 67
Merit: 10


View Profile
March 05, 2016, 10:08:49 PM
 #3

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?
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!