For something that millions of people across the world rely on, with million+ transactions daily, it's definitely worth celebrating. It's using a magnitude less energy now than YouTube or Netflix [1] If YouTube had a similar decrease in energy, Hacker News would be all over it.
> For something that millions of people across the world rely on
People keep claiming that millions of people rely on it is such a bullshit claim
> with million+ transactions daily
Which is a paltry 11 transactions per second. I think a Raspberry Pi is now capable of the same amazing feat.
> It's using a magnitude less energy now than YouTube or Netflix
And doing orders of magnitudes less while consuming insane amounts of energy.
Had Ethereum tried to move around as much video as Youtube and Netflix are doing, heat death of the universe would happen the next day after the attempt.
You underestimate the utility of a global financial system which can be participated in by anyone.
This makes many tools and processes (leveraged financial instruments and automated market makers) available without an intermediate third party that most humans would never know existed, let alone how to use.
They are still in their infancy, the investment in knowledge that is required to use them well remains quite substantial. How many years before a regular person can ditch the bank for their own personal hedge DAO?
I'm afraid you are the one who must be kidding, if you think that internet TV is more important than leveling the financial playing field.
dmitriid|3 years ago
People keep claiming that millions of people rely on it is such a bullshit claim
> with million+ transactions daily
Which is a paltry 11 transactions per second. I think a Raspberry Pi is now capable of the same amazing feat.
> It's using a magnitude less energy now than YouTube or Netflix
And doing orders of magnitudes less while consuming insane amounts of energy.
Had Ethereum tried to move around as much video as Youtube and Netflix are doing, heat death of the universe would happen the next day after the attempt.
dannyw|3 years ago
shafyy|3 years ago
yebyen|3 years ago
This makes many tools and processes (leveraged financial instruments and automated market makers) available without an intermediate third party that most humans would never know existed, let alone how to use.
They are still in their infancy, the investment in knowledge that is required to use them well remains quite substantial. How many years before a regular person can ditch the bank for their own personal hedge DAO?
I'm afraid you are the one who must be kidding, if you think that internet TV is more important than leveling the financial playing field.