Why hasn't cryptocurrency technology been adopted yet? Allow me to explain.Cryptocurrencies support decentralized networks, which are used for data computation and storage. These networks are cheaper to use than traditional server infrastructure.If it's cheaper, why don't corporations use them? One, there are regulations preventing adoption, but CLARITY will change this in the US. Two, corporations have invested trillions into building and maintaining server infrastructure. Liquidation is risky from there point of view because they don't understand decentralized networks. A few brave corporations will lead this great transition, and when they are successful, everyone will follow.You are in the final window of being early. Don't fuck this up.
>>62292765cope
>>62292765How much does 1 Gigabyte on the Bitcoin Blockchain cost?
>>62292786>thinks a blockchain is the only data structure for distributed storage
too bad clarity won't pass
CLARITY won't change a thing, the public's appetite for crypto is gone.
>>62292899CLARITY is not for the public. It's for corporations.
>>62292765>These networks are cheaper to use than traditional server infrastructure.Beguiled that you would say this with a straight face.
It's slowly and steadily coming.t. takes well over a million in cc payments a year.The "demand" isnt' from pleb retards swiping their cards. It's from business.We've all moved to ACH/check for all wholesale tx and it's a big swing the last two or three years.Tough times make people get pissed.Businesses will get their cheap processing by 2030 I'd guess.
>>62294414What? Are you retarded?
>>62294730Exactly.>Businesses will get their cheap processing by 2030 I'd guess.I'm anticipating 2028.
>>62292765Cool clock Achmed.
>>62292905There is no reason whatsoever for them to buy your token. Even Chainlink. They sold you tokens to raise funds, companies won’t need to pay. They made this clear many times including just recently.
>>62295815Are you aware of how annoying credit card fees are for businesses? Do you know how much it costs to build and maintain a server room? Crypto saves businesses money.
>>62295598Do you have any idea how much data is processed in the world? In the big data world, there's this concept of "scale factor". Scale factor 1 is a gigabyte. So scale factor 1000 would be a terabyte. Things don't even start to get interesting until you're looking at scale factor 10000. A fairly modest, multiple-times-a-day job for a single company is not uncommonly something like a terabyte. Huge companies can run jobs in the petabyte range. Every single one of these is using an insanely optimized query engine (Hadoop, Spark, etc) running across hundreds or even thousands of nodes that are optimized down to the hardware level. Why do they do this? I'll give you a hint - it's not speed they care about. They optimize for cost. They want to get everything as cheap as possible. A couple of retarded desktops spread around the world isn't going to be 'cheaper'. It would take you two weeks just to LOAD a petabyte of memory, let alone process it.It's hilarious how completely clueless you idiots are about what constitutes "compute". The kinds of things you're thinking about are below toy level.
>>62295975I'm aware of the scaling. DePIN is scalable to match and eventually exceed the processing and storage capabilities of servers.Cute post.
>>62296016Ridiculous. A group of randomly connected, disparate pieces of hardware will never even come close to the capacity (or usage price) of dedicated, tuned hardware. You're being defrauded with these promises.
>>62296032You are an old man, history will bury you...
>>62296032lol
>>62292765it took decades for the internet to really be adopted and it still hasn't been fully realized
>>62295887Incredible amounts of money over time and it applies to the little guys even more than the big guys. Volume does come through little guys though and they will be included.Biggest boon in decades for online and local business is coming.
>>62292827I am calling it, clarity act will pass, despite the bots online telling you it won't. The BTC halving is under 2 years away, they're squeezing the stock market right now and then smart money rotates elsewhere to make tenbaggers. All Congress and US politicians are bought by Israel, if you aren't profiting off of this than shame on you. Everyone across the internet will tell you crypto is over forever, and the clarity act won't pass. Meanwhile look how much politicians own stock in MARA or MSTR. Even trump owns these two. MARA only owns two assets by the way, bitcoin and Kaspa (Jewish trilemma solving nu coin)
>>62296419>then my real life can begin
>>62292765Crypto will take many decades to be adopted, and several centuries to become dominant, so we're as early as possible.We're the bastards that were around when BTC was only $73,000.
>>62292765In order to use somebody else's compute, you need to compensate them fairly for it. The math will never work when you consider the price advantage large companies have when buying hardware at scale. Also, they technically already do decentralization with CDNs.
>>62292765It doesnt offer a solution to a problem that exists.
>>62296629For a huge amount of the business world, actual compute isn't even the real issue. It's interconnects. Data movement. When you're breaking up a 10 terabyte job across a thousand nodes, you are very very rarely bottlenecked by compute. You're bottlenecked by shuffling the data between machines. The whole reason massive datacenters exist is because they can use insane interconnects (1TB, even 10 TB/s fabric). Using retarded internet shitcoin routing mechanisms to attempt this is like using a garden hose to put out a lava flow.
>>62296638t. isn't in business and has no money
>>62296032i think your missing the point of the tech
>>62296629>>62297373There are P2P relay schemes for efficient data flow. Kademlia routing is one example.
>>62292765It has been adopted. Not on a grand scale though. Bitcoin is a deflationary store of value. XMR to buy drugs on the darknet. Stablecoins are used. Perpdex as an online gambling platforms.
>>62295608>2028? more like 2030 if the hype bubble pops first
>>62297373>implying some shitcoin meshnet can replace infinibandlmao, anon doesn't understand why dc exist
>>62297957the main thing missing here is the practical tradeoff, not the headline claim
>>62297957Anyone invoking "the tech" is almost certainly stupid. There is exactly one piece of useful tech in crypto:- the idea of a distributed ledger than is extremely hard to forge or alterThat's it. Everything else, which at this point is about 95% of the gibberish coming from your scamming overlords is pure nonsense. Bait to keep you on the hook because it makes you feel smart and in-the-know. Just think about the whole idea of a "trusted oracle". How the fuck is a trusted oracle going to provide some techno-based unbiased ground truth for "this company failed to complete grouting my bathroom properly"? I'll give you a hint: there's huge huge companies that already do this. They're called insurance companies with vast numbers of field employees who investigate insurance claims. And millions of small-claims lawyers. There's no way to do it other than physical inspection. An infallible "oracle" is absolute nonsense for probably 99% of all 'contracts' in the world.
>>62302054Holy shit, you're dumb.
>>62302089The thing about you crypto fags is that you never actually attempt to rebut anything. You just instantly go to the boomer-esque insults with nothing else. It's like any boomer politics forum, but for mutt zoomers and failson millenials.
>>62302097Here's some rebuttal for you.A ledger is one of many applications for distributed networks.You don't understand what oracles are. You understand what some YouTuber without a computer science background said about oracles.
>>62302126An oracle is a trusted service that can provide the inputs needed to satisfy a smart contract, no? The question becomes how exactly it can verify these inputs for anything other than very large scale questions, like the standard hurr-durr rainfall/crop-insurance example.t. computer scientist btw
>>62292765> If it's cheaper, why don't corporations use them?Because corporations want power and control over things. They want to centralize it in their hands.
>>62302300Stupid. Cloud compute is an enormous business. AWS, GCP, etc. Companies use them because it's cheaper than setting up their own hardware these days. COST is the key. If your stupid shitcoin mesh compute network was anywhere near as cost effective they'd be using it.
>>62302324AWS/GCP isnt decentralized. It has authority that controls it.
>>62302421Sure, but you said "corporations want power and control over things". The number of corporations who USE cloud compute is 10000x higher than the number of corporations who provide cloud compute. So, clearly, those 10000x corporations don't really care about control. If they did, they'd have their own hardware, right? They just want to run some ad-analysis jobs as cheaply as possible. So they choose the cloud providers, who have assembled insanely powerful clusters that are easy to use.
>>62302431And just so you rubes have some sort of idea of the scale of "big data", here's an article about Amazon's S3 service that used to send physical trucks with 100 PETABYTE capacity to places that needed to upload their shit to AWS.https://www.datacenterdynamics.com/en/news/aws-retires-snowmobile-truck-based-data-transfer-service/And they RETIRED that shit because it wasn't even enough!. Your duplo block shitcoin mesh compute scheme isn't even a fart in the wind compared to this.
>>62302054>>62302152You're conflating "inputting" data into smart contracts with actually sourcing data.Oracles are very rarely the data source itself, they merely take the data source selected by a user and put it on chain securely.>muh bathroom groutWho the fuck cares what data the user wants, if they want bathroom grout data then that's what they want and they will have to pay for it. People want strange shit sometimes.
>>62292794Then show the costs of maintaining non-blockchain decentralized network vs just maintaining your own server. Oh wait you can't because security costs of something with so much open volatility are impossible to predict.
>>62296032It could be cheaper for the companies themselves who offload all their hardware costs and energy demands onto idealistic cucks like the anon you are arguing with, but the main problem is security.
>>62298066The relay schemes would all be exponentially more energy and time efficient (not to mention secure) if the data was all flowing within the same large data center rather than all around the world through a bunch of different networks.
The main reason is that it doesn't improve the existing systems enough and is still far too clunky with a poor user experience for almost all applications of the technology.That, with the lack of regulatory clarity, are the two biggest factors.
>>62302543Check out Swarm. It's the Ethereum Foundation's data storage network.
>>62302620no
>>62302876Why would I if you have checked it out and still can't actually answer the question?>>62302882Yes, you can't make long distance more efficient transfer than short distance with all else being equal.
>>62302939I did answer your question.Also, clients receive data from servers in packets so there's little difference between receiving data chunks from one location compared to multiple locations, especially since distributed storage networks have bandwidth requirements to run a node. I use Swarm, and I don't notice a difference in speed.
>>62302969No, if you are >>62302876, you told me to go check somewhere else that might answer my question.>there's little difference between receiving data chunks from one location compared to multiple locationsExcept the time it takes to send the data over the distance which really adds up when sending a lot of data.
>>62302990Swarm and other distributed storage networks send data in parallel. It's quite fast. I haven't done a speed test, but again, I haven't had a slower experience.
