Profile picture
Joey Krug @joeykrug
, 12 tweets, 3 min read Read on Twitter
Hmmm, this is super far off base in some places and hits the mark in others. Let's start with 1) "Ethereum should be more like a company": this misses the point completely, Ethereum is *NOT* and shouldn't be a company, it's a protocol
If you want a company, use Amazon's Quantum Ledger Database (idk wtf that quantum part means, but let's be honest, neither do they). Ethereum wouldn't be "crushing it" if they were doing what EOS is doing. A permissionless dapp/protocol like 0x or augur
Could barely run on EOS, and would probably eventually get censored by the block producers at some point. EOS has played with the slider between centralization / decentralization and scalability. *That is not innovation!* Innovating is when you do something new
And do something that makes things better *without* having to face some severe tradeoff.
Next up: "They don't have enough money or developers" --- one of the cardinal sins of software development is thinking you can throw money / devs at a problem and solve it. Sometimes adding developers work, and there *are* areas I would throw more devs on if I ran Ethereum
Those areas are things like in browser light clients (*NEEDED* if we dont want to just trust Infura indefinitely) and speeding up overall processing of things like logs by ethereum clients + networking. Things that don't have enough attention
Scalability isn't one of those issues, you can't "throw more devs and money" at solving heretofore unsolved computer science problems, it just doesn't work that way. Could we have more researchers focused on scalability? Perhaps, *but*
It's not primarily $$$ constrained and I'd argue the #1 thing ethereum's researchers could do to improve scalability efforts is talk to people actually building stuff on top of it in order to shape solutions to the scalability issues as opposed to building w/o that
"Ethereum needs a go to market" --- there are dozens of things on top of Ethereum that *want* to go to market and could get users *if and only if* the tech actually scaled.
You can't have market makers providing liquidity or using decentralized finance applications at all without the throughput to enable them to do their jobs, *that* is the #1 problem Ethereum needs to solve, and what do you know, that's the #1 problem @VitalikButerin is focused on.
On sharding, is it kind of disappointing to see the Sharding spec now have 7 phases and no evm support until phase 3, no light client support until phase 4, no cross shard to until phase 5, and no close coupling with main chain security until phase 6. That could be 5 years!
This reinforces my belief that we should also focus on mid term scalability solutions involving account based plasma sidechains with pos consensus. A la what @Leverj_io is doing with Gluon
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Joey Krug
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!