Show HN: Ethereum Canvas – Draw on the blockchain
ethereumcanvas.com
ethereumcanvas.com
Something needs to change. The current architecture clearly does not scale.
Maybe something more like Pascal Coin would be better able to scale up to become used worldwide for daily transactions.
EDIT: Before you downvote, I'd like to ask you a few questions. Are you invested in ETH or some other blockchain technology? And if you are, how does that color your thought process?
You are correct in assuming there is no way for a scalable and fast blockchain to store data that serves the worlds needs. Ethereum is built on the promise to do away with current decentralized services, by way of allowing the identity and value used to be placed on their chain and executed using some programmable logic, in a way that is trustworthy.
Of course we've been doing this for years with centralized services. Images drawn by people, for example, have no business being in a chain, but they could be "pinned" to the chain by way of some loose, lower trusted consensus than the main chain. A few of us could store it for a price using IPFS/Filecoin while others of us make a statement that we know the file in question exists by signing an entry on a main chain - instead of just putting the image there in total.
Ah back when Ethers were $7 each instead of the $800 today
The real question is whether your poor investment decisions are relevant to the discussion of this thread
These are commodities, broken things about them makes the more valuable or scarce, just like when an oil pipeline is destroyed in a conflict zone. Your opinion about oil has no bearing on you making money.
We should talk about your poor assumption generation algos. Risk assessment indicates a willingness to examine certain "opportunities" which only exist in hindsight (i.e. confirmation bias) over observations of truth of reality. For example, if we knew the DAO hack was possible, ETH may never have gotten expensive enough to justify a fork for it.
Factually, it is true that the Ethereum maintainers are willing to fork their chain if it means getting their money back from someone who found a hole in their codebase - a codebase few people understand at a fundamental level. This inability to understand it at a fundamental level, coupled with the inherit irrationality of the markets indicates it may be of higher risk than a Bitcoin investment.
This means "opportunity", at least in the context you give it, could indicate a blind willingness to follow the lead of others, when one themselves may be in doubt over how they may guarantee a given level of risk during the waiting period for outcome.
That you'd bother to attack me over this point is fairly irrational, except if you were one of those people hoping to continue to blow hot air into this particular crypto market.
Fact is, we just might NOT need Ethereum where we're going. Time will tell.
Y'all need to calm down a little.
someone took a hard look at the project and made up irrelevant reasons not to participate in owning the underlying gas of the network, forfeiting a 11,800% profit from $7 after the DAO incident to $830 today, and maintains that opinion while continuing to masquerade them as related!
This is in line with whatever analogy you were going for, and OP, who had information.
The Lightening network is mostly a gimmick attempt to save the design failures of scaling from the BTC communities refusal to increase network bandwidth in order to save disk space.
That and for the Lightening network to work without opening up a dozen "deposit channels" into everywhere you shop, users will be pushed into larger liquidity hubs, i.e. payment processor middlemen which is ironic given this is exactly what Satoshi's white paper sought to avoid.
[1] https://en.wikipedia.org/wiki/Travelling_salesman_problem
It's not like the system breaks if someone finds a way that a payment could have been routed faster. There are quick approximations to the TSP. Also, a payment network doesn't sound like a single object that has to traverse a graph with various costs, it sounds like a network flow problem.
To me, the single, shared, universal blockchain idea seems more like a proof of concept. It's also pretty hard to ask every node in the network to see every possible transaction. I am virtually certain that whatever ends up taking over the world will not operate that way. Things just don't scale like that.
How are transactions routed from one "universe" to another? Let's say I'm on universe A, you're on universe B, and I want to send you a few bucks.
Control.js:111 Uncaught TypeError: Cannot read property 'map' of null
at t.n.optionsToShow (Control.js:111)
at t.value (Control.js:233)
at f._renderValidatedComponentWithoutOwnerOrContext (ReactCompositeComponent.js:796)
at f._renderValidatedComponent (ReactCompositeComponent.js:819)
at f._updateRenderedComponent (ReactCompositeComponent.js:743)
at f._performComponentUpdate (ReactCompositeComponent.js:721)
at f.updateComponent (ReactCompositeComponent.js:642)
at f.receiveComponent (ReactCompositeComponent.js:544)
at Object.receiveComponent (ReactReconciler.js:122)
at f._updateRenderedComponent (ReactCompositeComponent.js:751)
getContract.js:19 Error: Invalid JSON RPC response: ""
at Object.InvalidResponse (errors.js:35)
at XMLHttpRequest.r.onreadystatechange (httpprovider.js:111)
VM146:1 OPTIONS http://localhost:8545/ net::ERR_CONNECTION_REFUSED
Main.js:43 Uncaught (in promise) TypeError: Cannot read property 'getNumberOfShapes' of undefined
at Main.js:43
at <anonymous>
errors.js:35 Uncaught (in promise) Error: Invalid JSON RPC response: ""
at Object.InvalidResponse (errors.js:35)
at XMLHttpRequest.r.onreadystatechange (httpprovider.js:111)
Edit: From the FAQ> How does this work?
>You'll need the Metamask Chrome extension or an Ethereum enabled browser like Mist or Parity to get started.
Apologize if it's buggy - did not realize this would catch on! Yes you need the metamask chrome extension. Looking into the other issues now.
Thank you for all your feedback!
Update: Appreciate some of you actually trying to submit transactions. The current gas price is around 7 gwei (https://ethgasstation.info/) so there is a high chance that transaction will time out if you put a gas price less than that. If that is your intention that is fine ;)
Update 2: Apparently my total Gas calculation was too optimistic, which has caused some of the transactions to fail. I just made the estimation less optimistic (you get all unused gas back anyway). I hope that works and apologies to everyone who had a bad transaction.
Anyway yeah I'm thinking of resurrecting it soon. I've kept an entrepreneurial/techie ear open since I built it and I think I finally know what I want to do to bring it back to life.
As far as ownership, I'll probably just buy all the remaining tiles myself (the money goes to me anyway) and then sell at more reasonable prices on the secondary market.