[snejad123]

the onus is not on me to hand-deliver you information. I'm just here to say OP is wrong, speaking emotionally/egotistically, and spreading trite arguments that have been debunked time and time again.

Go ahead and google "L2 ethereum" and "ethereum proof-of-staking migration". If you want to dive deep into the ecosystem it's all in plain sight for you to do so.

There is a lot going behind the scenes and I simply don't have time to regurgitate the information.

[neurotrace]

Let me just preface this by saying that I'm not anti-crypto. From what little I know about it, it's an interesting tech. I just literally don't understand _why_ people use it. So I dug in to what you mentioned.

Layer 2 Rollups

> Layer 2 is a collective term for solutions designed to help scale your application by handling transactions off the Ethereum mainnet (layer 1), while taking advantage of the robust decentralized security model of mainnet. Transaction speed suffers when the network is busy which can make the user experience poor for certain types of dapps. And as the network gets busier, gas prices increase as transaction senders aim to outbid each other. This can make using Ethereum very expensive.

So it makes Ethereum cheaper. As someone who doesn't really get the hype, this doesn't help at all. Making Ethereum cheaper doesn't help me if I don't have a reason to use Ethereum.

After Googling "ethereum proof-of-staking migration" my take away is that moving to proof-of-stake will make it more robust and more energy efficient. Again, it doesn't tell me anything about why I should use Ethereum (or any other cryptocurrency) in the first place.

Everything I read about crypto talks about how it's currency that can be produced by anyone* and blockchain inherently makes it possible to know who did what and when. As a layperson, none of this is interesting or useful. The average person isn't going to start mining, the average person isn't going to speculate on a very volatile market, and the average person has no way to spend any crypto that they own. I'm not saying it's your job to fix the optics here but I've read a ton of comments in this thread and not a single person has pointed to something that made me think "I could use that" and I'm the kind of person who likes to browse Github looking for weird things to try out.

* Provided you have enough money to build a powerful PC and afford the electricity cost

[snejad123]

check out some of the DeFi projects for more hands-on applications (they all have githubs too):

Sushi, yearn, aave.

Right now with the current function invocation costs, ethereum ecosystem cannot support meaningful apps outside of trustless banks which is why L2 is extremely important. It's going to unclog a massive drain if done right.

[verdverm]

L2 has been delayed years, still years out, and optimistic rollup seems to be following the course of delays

[snejad123]

well not sure what this proves, but I guess you can bet against the ethereum developers delivering. I'm personally not making that bet, but if you want to do so, that's your view of the world lol.

[verdverm]

I know core devs and hodl, just saying they continuously fail to deliver and that there is doubt that a solution is actually possible. Things get far more complex and the exploits quite interesting

[snejad123]

that's fair, and you actually have an informed view on this matter.

The solution you have come to is a fair one (which is that truly developing a decentralized infrastructure that is reasonably priced to run apps on has too many challenges to succeed, at least the current solution that ethereum is providing).

I have hope that these problems can be surmounted by the ethereum development team. There are lots of challenges, and that is why everyone says we are at the beginning stages.

I think it's worth a shot, and if it succeeds I do believe we'd live in a better society.

[verdverm]

If a blockchain is to succeed, it will likely be something other than ETH. The fees for ops is far more complicated than renting VM time from a hyper cloud and performance is terrible. The DX is worse than the UX, the issues they need to overcome are human problems, not technology ones

Im particularly fond of Hyperledger Fabric, though it is quite antithetical to the crypto narrative.