pj
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Bitcoin blockchain alone is more than 386 gigabytes.
How all the internet will be put on the blockchain?
How much storage will it need per user lambda? |
The older I grow, the more I distrust the familiar doctrine that age brings wisdom
Henry L. Mencken |
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nikol
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386 Gb ~ 0.386 Tb ~ 0.000386 Pb
Size of 2Tb HD fits into my pocket and is less than 50 euros (as shown in my search).
What matters actually is the need for bandwidth. BTC can do about 4.6 transactions per second and it moves 1 Mb per transaction. Free TON can do more than 50k p.s. (it uses sharding so the size of info exchange should be really small). |
... What is a man
If his chief good and market of his time
Be but to sleep and feed? (c) |
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pj
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@nikol
I am not dissing cryptos here,
I am just saying that the whole idea of internet
on a blockchain is bonkers. |
The older I grow, the more I distrust the familiar doctrine that age brings wisdom
Henry L. Mencken |
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EGH
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this is nothing for quantum gravity computers, planning to write an article about it when time...
stay tuned!
a single apple size computer can handle that many bits easily, can it not? Not apple computers, but apple size QGC ! 
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nikol
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@pj
One do not have to put everything on blockchain, i.e. do not duplicate everything everywhere. Do it as torrent does. Not as BTC, which keeps copy of entire transaction DB in all BTC-wallets, that's redundant and expensive indeed.
@EHG
we are thrilled |
... What is a man
If his chief good and market of his time
Be but to sleep and feed? (c) |
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pj
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| Total Posts: 3645 |
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> Do it as torrent does.
Still doesn't make sense.
Who is gonna verify that this is not a fake internet?
Do you remember the early eDonkey days when
zillions of pron movies were put under kids' movies names?
(Mkay, shows my age)
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The older I grow, the more I distrust the familiar doctrine that age brings wisdom
Henry L. Mencken |
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nikol
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| Total Posts: 1451 |
| Joined: Jun 2005 |
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>> Do you remember the early eDonkey days when
zillions of pron movies were put under kids' movies names?
(Mkay, shows my age)
The situation did not change. You come to NP and see ... Espen showing gravi-planckian prons without age restrictions.
Web3 is not going to fix people, no. It is to secure content even if it is socially condemned.
CNN, and now Bloomberg joins, are producing tonnes of fakes and nobody cares. |
... What is a man
If his chief good and market of his time
Be but to sleep and feed? (c) |
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pj
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So what is Web 3.0 solving?
Definitely not censorship/curation/centralization/cow-nership
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The older I grow, the more I distrust the familiar doctrine that age brings wisdom
Henry L. Mencken |
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nikol
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@pj
I have no slightest idea what it can solve, to be honest, out from your list.
To me, the idea of FreeTON (initially simply TON, unfortunately banned) was very interesting. Perhaps, W3 is expanding out from this point.
https://ton.org/ton.pdf (technicalities upto p.99, then he describes services) |
... What is a man
If his chief good and market of his time
Be but to sleep and feed? (c) |
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ZK rollups with computation done off-chain and proofs committed to chain.
With STARKs proof size scales O(Poly(Ln(N)) with the amount of transactions processed. That makes Ethereum with rollups essentially infinitely scalable. Especially after sharding gets added to the base layer. |
Good questions outrank easy answers.
-Paul Samuelson |
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pj
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Currently Ethereum blockchain is around 1TB.
Throughput 14 per sec.
So fuggedaboutit as a basis of Web 3.0 |
The older I grow, the more I distrust the familiar doctrine that age brings wisdom
Henry L. Mencken |
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nikol
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Web3 is about putting price on every click and tokenizing everything inside.
Apparently, transaction speed will grow. |
... What is a man
If his chief good and market of his time
Be but to sleep and feed? (c) |
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pj
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> Apparently, transaction speed will grow.
Back to my original questions:
> How all the internet will be put on the blockchain?
> How much storage will it need per user lambda? |
The older I grow, the more I distrust the familiar doctrine that age brings wisdom
Henry L. Mencken |
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nikol
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| Total Posts: 1451 |
| Joined: Jun 2005 |
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| Not everything. Only the one which can be tokenized/commercialized. |
... What is a man
If his chief good and market of his time
Be but to sleep and feed? (c) |
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nikol
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| Total Posts: 1451 |
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There are still many problems to solve but here is one you pointing to - cost.
https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/gas-free-transactions-will-revolutionize-web3/amp |
... What is a man
If his chief good and market of his time
Be but to sleep and feed? (c) |
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