If that's what you want, why in God's name are you wasting time with the blockchain? You could get all of what you want, for 0.1% of the CPU and memory cost, using a boring old 1970s vintage… - Tom Ritchford - Medium

s th…oint isn’t whether or not the model that manages my data across the internet is centralized or not. What matters is whether, at the very base level of a platform’s governance architecture, it is seamless, afforded, and simple for me — and others — to build on top of the data I own and co-create. That, to me, is the essence of web3.
Making Sense of Web3 Debate: Why Stateless Protocols & Data Portability Matter
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John Battelle
Tom Ritchford
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Feb 22, 2022
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If that's what you want, why in God's name are you wasting time with the blockchain?
You could get all of what you want, for 0.1% of the CPU and memory cost, using a boring old 1970s vintage cryptographically signed ledger. (The Merkle tree was patented in 1979.)
As for the "mainframe" story, well, the whole Ethereum world computer, which has 300,000 nodes, has 1/5000 the computing power of a Raspberry Pi 4. Eight orders of magnitude of inefficiency isn't something you can just wave off!
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Written by Tom Ritchford1.5K Followers
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