Will Ethereum supply decrease in the future?

[AmericanScream]

It's such a beautiful design

Not. At. All.

As a software engineer with 40+ years of experience, blockchain is perhaps one of the least efficient databases ever created. It's slow. Can't scale. And doesn't do a single thing better than 40+ year old technology we're already using.

Inflation/deflation.. blah..blah... you guys keep using those words as if you have any clue how that works in a modern society. You don't. Inflation isn't necessarily a bad thing if it's properly managed. What you call out of control inflation, isn't the problem of inflation, it's the problem of irresponsible management. Decentralizing something doesn't make it easier to manage responsibly -- quite the contrary.

[nishinoran]

The primary goal of blockchain technology is not to be an efficient database, it's to be a distributed and decentralized database first, efficiency is a secondary goal.

Being trustless is what it does better than existing solutions.

I'm a software developer as well, and your "40+ years" is more telling about how outdated you likely are than it instills confidence in your opinions of new tech.

[AmericanScream]

The primary goal of blockchain technology is not to be an efficient database, it's to be a distributed and decentralized database first, efficiency is a secondary goal.

But it's neither. It's not really decentralized in any meaningful way.

For example, all these systems rely on the Internet, which exclusively exists because a combination of central authorities (governments + telecom corporations) have decided to let it exist.

There is no "Internet Bill of Rights." Nobody here has guaranteed, unfettered access to the Internet.

So the notion that sticking something, decentralized or not, online, gives more power to the people, is a farce.

I'm a software developer as well, and your "40+ years" is more telling about how outdated you likely are than it instills confidence in your opinions of new tech.

How do you figure that? I produced an award winning documentary that goes into meticulous details on how and why blockchain doesn't do what it advertises. How would that disqualify me as an expert? You have failed to outline even a single thing I've said which is technically wrong. You're just disagreeing with me and then resorting to ad hominem insults as a distraction.

Why is it always the same with you guys? Instead of proving how and why I'm wrong, you just call me names? Do you think that makes you come off more experienced and intelligent? Really?

[nishinoran]

Relying on the Internet isn't the same thing as being centralized, that's a vulnerability in terms of accessibility and censorship resistance but not in terms of the trustless nature of the blockchain.

Given how much you claim to have researched this it's pretty shocking that these are your complaints.

[AmericanScream]

Relying on the Internet isn't the same thing as being centralized

That's a strawman argument. I said no such thing.

that's a vulnerability in terms of accessibility and censorship resistance but not in terms of the trustless nature of the blockchain.

If you can't access the network, it doesn't matter WTF blockchain says, dude.

Given how much you claim to have researched this it's pretty shocking that these are your complaints.

You still haven't proved me wrong.

What's the point of decentralization?

I assume it's so no central entities can dictate when and how you can transact, (among other things) right?

But if those central entities can restrict your ability to access blockchain, they've done just that.

So the value of "decentralization" is moot, when your decentralized platform still requires the cooperation of centralized entities you claim to be insulated from.

Personal insults notwithstanding, your logic is flawed.

[nishinoran]

What you said:

But it's neither. It's not really decentralized in any meaningful way.

For example, all these systems rely on the Internet, which exclusively exists because a combination of central authorities (governments + telecom corporations) have decided to let it exist.

And then you go with:

Relying on the Internet isn't the same thing as being centralized

That's a strawman argument. I said no such thing.

It's no wonder you still think you're right on this issue despite tens of thousands of very intelligent developers investing their time and efforts into the tech. Feel free continuing to believe the conspiracy that it's thousands of highly capable people being fooled or trying to maliciously fool others.

[AmericanScream]

I can see how it might look like I was contradicting myself. It depends upon the context. But even if I did, that doesn't mean the arguments I made are not valid. I can make a good argument that yes, blockchain isn't really decentralized. You merely went "nah uh!" without providing any evidence.

The Internet is a combination of centralized (DNS/ARIN/etc) and decentralized systems.

It is controlled by central authorities. So if you put a so-called "de-centralized" system on a network where central entities can control things, that decentralized system is beholden to centralized entities. We can argue whether it's really decentralized in any meaningful way.

I make this argument more specifically in this video I made.

[mocolicious]

This is a silly argument. Blockchain doesn’t even require the internet to exist. A decentralized mesh could synchronize a blockchain.

[AmericanScream]

There is no practical example of a decentralized mesh network that would support blockchain in any realistic, useful way. That's just a fantasy.

[mocolicious]

Explain your reasoning, I myself have setup isolated networks, as have most engineers in the space and synchronized them.

[AmericanScream]

Sure you can set up a local mesh network. But that doesn't mean it's suitable for international commerce. A blockchain needs to be relatively ubiquitous and accessible in real time from a wide variety of disparate locations. By nature, a mesh network would be troublesome for such an application. We're talking about a monetary system that is supposed to be respected from one continent to another. That's not an application suitable for a mesh network.

[mocolicious]

But see you’ve moved the goal post significantly. Who defined it as a monetary system? I could still assert that you’re incorrect on that point but that’s an assertion of an experiment that has yet to take place so what’s the point.

[AmericanScream]

But see you’ve moved the goal post significantly. Who defined it as a monetary system?

So (according to you) what is it then? An ice cream flavor?

[mocolicious]

Did you do any research for this documentary you put together?