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For a hot minute I thought there might be truly scalable and cheap POS DeFi system with validation running on my phone. If this was an easy technical problem, a

by ece 5y ago

For a hot minute I thought there might be truly scalable and cheap POS DeFi system with validation running on my phone. If this was an easy technical problem, an answer would already exist. There are plenty of POW/pre-mined/centralized coins, but even ETH/DOT have little to show in terms of progress here. POS/POW DeFi blockchains haven't scaled so far despite plenty of tries. This is fact, and hard to refute. Just look at transaction fees, TPS, and level of centralization.

delabay 5y ago
"Little to show"? You're not paying attention.
- ece 5y ago
  You seem to like Helium, and I see that their gateways cost ~$1000, where as The Things Network seems to point you to RPi hats at ~$200. If the crypto innovation is effectively making the network more expensive to use and increasing the cost to build it, all so the operators/miners can earn a little on the side, this doesn't seem like innovation at all. Seems like you could do this with some sort of micro payment scheme (where the initial cost can be paid off), especially since LoRa seems to cater to industrial IoT mostly. If you had a solar powered Things Network, it would be effectively free to use, and you could add more nodes as required at a cheaper cost.
  - delabay 5y ago
    Helium has solved the coverage problem through creating deployment incentive. You're missing the point of helium to such a large degree your post almost sounds like satire.
    - ece 5y ago
      Someone looking at TCO might think differently. Someone looking at expanding the network at 5x the cost likely would think differently. LoRa also seems to be a proprietary standard owned by a single company, regardless, there have been mesh networks built with public and private funding that do not artificially keep costs high for longer than needed. If this isn't the goal for Helium, it would be tough to recommend or use.

by ece 5y ago

delabay 5y ago

"Little to show"? You're not paying attention.

ece 5y ago
You seem to like Helium, and I see that their gateways cost ~$1000, where as The Things Network seems to point you to RPi hats at ~$200. If the crypto innovation is effectively making the network more expensive to use and increasing the cost to build it, all so the operators/miners can earn a little on the side, this doesn't seem like innovation at all. Seems like you could do this with some sort of micro payment scheme (where the initial cost can be paid off), especially since LoRa seems to cater to industrial IoT mostly. If you had a solar powered Things Network, it would be effectively free to use, and you could add more nodes as required at a cheaper cost.
- delabay 5y ago
  Helium has solved the coverage problem through creating deployment incentive. You're missing the point of helium to such a large degree your post almost sounds like satire.
  - ece 5y ago
    Someone looking at TCO might think differently. Someone looking at expanding the network at 5x the cost likely would think differently. LoRa also seems to be a proprietary standard owned by a single company, regardless, there have been mesh networks built with public and private funding that do not artificially keep costs high for longer than needed. If this isn't the goal for Helium, it would be tough to recommend or use.