Cryptocurrency: MATIC's ZKP Claims to Scale... Debunked
https://cointelegraph.com/news/here-s-how-polygon-is-challenging-the-limitat... Polygon (MATIC), a layer-two network designed for scaling and application infrastructure development on Ethereum (ETH)... Any coin that depends on and runs on top of a network that is itself nonscalable... is therefore also not scalable. Ethereum does not scale because, like nearly all other coins, it requires an amount of physical storage space that grows without bound over time to store all the transactions. This blows out individual repos thus depending users on non-private sharding lookup schemes, over realtime non-private analyzable internets, into massive storage clouds holding lifetimes of privacy break risks, and that don't need to exist in the first place. Etc. ZKP DAG etc can help create coins whose physical growth is counted by endless transactions, but to limited addresses, a far smaller number, made further smaller due to privacy. Look into making using and adopting a new class of necessarily sans-tx-storage privacy coins. The future belongs to... privacy, sans-tx-storage, crosscoin DEX. Invent the future.
In the paper referenced in https://www.coindesk.com/markets/2013/07/25/bitcoin-activists-propose-hard-f... Cypherpunks recommended ways the Bitcoin blockchain might be made deterministic in length. Though not directly addressing the scaling issue it nevertheless would tackle other, for example, node resource issues. It would also prevent "submarining" issues with the huge number of early mined coins which have never moved and redistribution of lost coins. On Sat, Dec 25, 2021, 1:31 AM grarpamp <grarpamp@gmail.com> wrote:
https://cointelegraph.com/news/here-s-how-polygon-is-challenging-the-limitat... Polygon (MATIC), a layer-two network designed for scaling and application infrastructure development on Ethereum (ETH)...
Any coin that depends on and runs on top of a network that is itself nonscalable... is therefore also not scalable.
Ethereum does not scale because, like nearly all other coins, it requires an amount of physical storage space that grows without bound over time to store all the transactions. This blows out individual repos thus depending users on non-private sharding lookup schemes, over realtime non-private analyzable internets, into massive storage clouds holding lifetimes of privacy break risks, and that don't need to exist in the first place. Etc.
ZKP DAG etc can help create coins whose physical growth is counted by endless transactions, but to limited addresses, a far smaller number, made further smaller due to privacy.
Look into making using and adopting a new class of necessarily sans-tx-storage privacy coins.
The future belongs to... privacy, sans-tx-storage, crosscoin DEX.
Invent the future.
On 12/26/21, Steven Schear <schear.steve@gmail.com> wrote:
In the paper referenced in https://www.coindesk.com/markets/2013/07/25/bitcoin-activists-propose-hard-f...
Since scribd is a garbage site full of JS and DRM and broken junk, you should download these two and post them where people can get them without all that crap. https://www.scribd.com/doc/155504246/bitcoin2 https://www.scribd.com/document/155504772/Bitcoin-2-Freedom-of-Transaction
Cypherpunks recommended ways the Bitcoin blockchain might be made deterministic in length. Though not directly addressing the scaling issue it nevertheless would tackle other, for example, node resource issues. It would also prevent "submarining" issues with the huge number of early mined coins which have never moved and redistribution of lost coins.
So what they haven't moved, they are still someone's property which by very nature of bitcoin no one has any ability to see or decide if they are truly lost or passed on or not. Therefore all such redist proposals are is both a) forced inflation, and b) outright theft. That's bad. Now you might be able to develop a maintenance mining protocol that once every N blocks physically copies those UTXOs out of old blocks into either new coinbase inputs or into UTXO bring-forward relocation blocks. And update index search to look to those. Going forward, all coins that are claiming to retain cash and gold's full set of features, need to deploy at least optional coin privacy on by default. Bitcoin is not, and is quite unlikely to ever be, that coin, and most certainly not under the current "dev" team.
On Sun, 26 Dec 2021 23:30:27 -0500 grarpamp <grarpamp@gmail.com> wrote:
Going forward, all coins that are claiming to retain cash and gold's full set of features,
LMAO!!!!!! It's totally and completely impossible for cypher-crypto-trash to ever be like gold or any other physical commodity. 'cryptocurrencies' have fully proven that they fully depend on technofascist infrastructure which is fully and completely controlled by the enemy. And even if that were not the case, it's impossible for cypher-crypto-trash to be actually decentralized in the same way that any physical item used as money can be. cypher-crypto-trash is an attempt to reivent the wheel - an infinitely stupid attempt at that.
Going forward, all coins that are claiming to retain cash and gold's full set of features, need to deploy at least optional coin privacy on by default. Bitcoin is not, and is quite unlikely to ever be, that coin, and most certainly not under the current "dev" team.
While a respective level of privacy feature can exist. In the realm of old news gone without saying, all crypto, and modern digital fiat, is one good solar flare, impact, or EMP / war, away from zero and total chaos. At which point you have bigger problems. It will be equally difficult, without such event, to convince [1] the masses to ever go back to, or maintain any fraction in, gold, silver, tradegoods, paper fiat, etc. And in such event, the marauding masses who didn't will wipe out those who did. Everyone knows this. Civilization is just one big gamble anyway, unfortunately, for the time being, until off the rock. Live on. [1] The planet has spent at least 85+++ years going from gold to paper fiat, at least 45 years to digital fiat, at least 10 years to crypto, and 0 years to voluntaryism / agorism / etc. The masses first back to gold is thus a pipe dream. Better luck more likely from crypto to gold as a saleable backup plan to the new "crypto enlightened" masses.
On Mon, 27 Dec 2021 00:24:09 -0500 grarpamp <grarpamp@gmail.com> wrote:
all crypto, and modern digital fiat, is one good solar flare, impact, or EMP / war, away from zero and total chaos.
bullshit.
It will be equally difficult, without such event, to convince [1] the masses to ever go back to, or maintain any fraction in, gold,
more ignorant, statist garbage. Shocking! There's absolutely 0 need to 'convince' people that gold is the best kind of money. Every peasant knows that gold is valuable and jew paper is trash. Gold wasn't demonetized because 'people' were 'convinced' that jew-nazis looting the world is a better monetary system. The current jew-nazi system was created and is maintaned through fraud and force, not persuasion and truth.
silver, tradegoods, paper fiat, etc. And in such event, the marauding masses who didn't will wipe out those who did.
Everyone knows this. Civilization is just one big gamble anyway,
'civilization', you mean, technonazism. The sooner it disappears, the better.
unfortunately, for the time being, until off the rock. Live on.
[1] The planet has spent at least 85+++ years going from gold to paper fiat,
you mean the jew-nazis did that, not 'the planet'.
at least 45 years to digital fiat, at least 10 years to crypto, and 0 years to voluntaryism / agorism / etc. The masses first back to gold is thus a pipe dream.
actually it's a lot more realistic than going to crypto-cypher-trash.
Better luck more likely from crypto to gold as a saleable backup plan to the new "crypto enlightened" masses.
participants (3)
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grarpamp -
Punk-BatSoup-Stasi 2.0 -
Steven Schear