Comment on So Far, AI Is a Money Pit That Isn't Paying Off
demesisx@infosec.pub 8 months agoHmm.
You still have to deal with ETH fees just to get the funds into the roll up. I admit that ETH was revolutionary when it was invented but the insane fee market makes it a non-starter and the accounts model is just a preposterously bad (and actually irreparably broken) design decision for a decentralized network, makes Ethereum near impossible to parallelize since the main chain is required for settlement.
FaceDeer@kbin.social 8 months ago
There are exchanges where you can buy Ether and other tokens directly on a layer 2, once it's on layer 2 there are no further fees to get it there.
Layer 2 rollups are a way to parallelize things, the activity on one layer 2 can proceed independently of activity on a different layer 2.
I have no idea why you think contracts on Ethereum are nondeterminstic, the blockchain wouldn't work at all if they were.
demesisx@infosec.pub 8 months ago
I think that because it’s true. Smart contracts on Ethereum can fail and still charge the wallet. Because of the open ended nature of Ethereum’s design, a wallet can be empty when the contract finally executes, causing a failure. This doesn’t happen in Bitcoin and other utxo chains like Bitcoin, Ergo, and Cardano. Utxo boasts determinism while the accounts model can fail due to an empty wallet. That my friend, is the definition of non-determinism.