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>Fee to post: 0.001 ethers (0.30 USD) >Fee to reply: 0.0005 ethers (0.15 USD) DOA Blockchain apps are too expensive to operate vs paying for traditional band

>Fee to post: 0.001 ethers (0.30 USD) >Fee to reply: 0.0005 ethers (0.15 USD) DOA Blockchain apps are too expensive to operate vs paying for traditional bandwidth and hdd space.

uncoder0 9y ago
I see much lower fees... https://imgur.com/dUiBxin https://imgur.com/dUiBxin Prob had his gas price set at default 21 when 0.1 gwei will do just fine most times. Maybe it's bugged though because those numbers are quite a bit different. Edit: oops looks like I was on the rinkeby testnet
xur17 9y ago
I also wonder about this. It's really hard to compete with free. Even < 1 cent is likely too much.
- rollinDyno 9y ago
  This is not entirely accurate. The competition isn't against free, 4chan servers do cost money to run.
  - xur17 9y ago
    But it doesn't cost users anything, and they really don't care how much the service costs to run.
    - Buttes 9y ago
      Some users pay for some kind of premium account.
eyezick 9y ago
This statement is too broad. Current state of software is only appropriate for some use cases. Email/text messaging (like 4chan) are not practical uses. Financial business logic handling is a great use case.
- albertgoeswoof 9y ago
  Financial business logic is not a great use case, approximately no one uses it for that. Almost all of the interest in BTC/ETH is driven by speculation and greed, which is a shame as it's a whole new computing paradigm.
  - fiatjaf 9y ago
    People speculate precisely because it's a whole new computing paradigm.
  - fleitz 9y ago
    Speculation and greed is the foundation of all new technology. Entrepreneur: 'Hey, look if we boil water it moves this piston' Investors: 'We speculate that this may be important in the future, here's money' Entrepreneurs: 'I made a steam engine' Investors: 'We speculate that this may be important in the future, here's money' Entrepreneurs: 'I made a railway system' Investors: 'We speculate that this may be important in the future, here's money' ...
    - viraptor 9y ago
      I do not see greed anywhere in this exchange. Also there's a difference between what people normally describe as investment vs speculation. The first being assuming a growth of value of something useful. The second is making money on the difference in a value, completely ignoring what the value represents. (yeah, the line is a bit fuzzy in practice)
  - eyezick 9y ago
    Good use cases exist because of the viability of the platform, not of their popularity. And even I meant to communicate financial "business logic", which is widely used in ICO's.
wybiral 9y ago
Maybe too expensive for something like 4chan. But those fees might make sense if you were wanting to use the blockchain as a form of proof or tamper-resistance. For instance, how Keybase uses the bitcoin blockchain: https://keybase.io/docs/server_security/merkle_root_in_bitcoin_blockchain https://keybase.io/docs/server_security/merkle_root_in_bitco...
octalmage 9y ago
I experimented with this some. When you think about the costs of scaling and managing a database, the costs to post might not be so bad.
- wslh 9y ago
  You are also forgetting the slow transaction times that occur in a public blockchain.
  - bhaak 9y ago
    A transaction is rather fast on the Ethereum blockchain. I've had reddit posts that took longer to settle than Ethereum transactions. Ethereum is also not in a finished state. Scaling options haven't been fully explored yet. The move to PoS alone should decrease block times. Historically, discussions were done in Usenet on much longer timespans, so this shouldn't prevent using it for real discussions.
  - Buttes 9y ago
    Ethereum is a DAG so the block time is very low, like 10 or 15s.
billmalarky 9y ago
This response lacks vision.
- stusmall 9y ago
  Would you have paid 15 cents to tell them they lack vision? Somethings make sense on the blockchain but I don't know about a clone of the epicenter of shitposting.
  - billmalarky 9y ago
    Comment I was replying to claimed DAPP's are worthless because 4chan (maybe) isn't a good fit for them. >Blockchain apps are too expensive to operate vs paying for traditional bandwidth and hdd space. As for whether or not I would pay to post? The answer is maybe. It is certainly not "100% no." I'm willing to keep an open mind.

>Fee to post: 0.001 ethers (0.30 USD) >Fee to reply: 0.0005 ethers (0.15 USD) DOA Blockchain apps are too expensive to operate vs paying for traditional bandwidth and hdd space.

uncoder0 9y ago

I see much lower fees... https://imgur.com/dUiBxin https://imgur.com/dUiBxin Prob had his gas price set at default 21 when 0.1 gwei will do just fine most times. Maybe it's bugged though because those numbers are quite a bit different. Edit: oops looks like I was on the rinkeby testnet

xur17 9y ago

I also wonder about this. It's really hard to compete with free. Even < 1 cent is likely too much.

rollinDyno 9y ago
This is not entirely accurate. The competition isn't against free, 4chan servers do cost money to run.
- xur17 9y ago
  But it doesn't cost users anything, and they really don't care how much the service costs to run.
  - Buttes 9y ago
    Some users pay for some kind of premium account.

eyezick 9y ago

This statement is too broad. Current state of software is only appropriate for some use cases. Email/text messaging (like 4chan) are not practical uses. Financial business logic handling is a great use case.

albertgoeswoof 9y ago
Financial business logic is not a great use case, approximately no one uses it for that. Almost all of the interest in BTC/ETH is driven by speculation and greed, which is a shame as it's a whole new computing paradigm.
- fiatjaf 9y ago
  People speculate precisely because it's a whole new computing paradigm.
- fleitz 9y ago
  Speculation and greed is the foundation of all new technology. Entrepreneur: 'Hey, look if we boil water it moves this piston' Investors: 'We speculate that this may be important in the future, here's money' Entrepreneurs: 'I made a steam engine' Investors: 'We speculate that this may be important in the future, here's money' Entrepreneurs: 'I made a railway system' Investors: 'We speculate that this may be important in the future, here's money' ...
  - viraptor 9y ago
    I do not see greed anywhere in this exchange. Also there's a difference between what people normally describe as investment vs speculation. The first being assuming a growth of value of something useful. The second is making money on the difference in a value, completely ignoring what the value represents. (yeah, the line is a bit fuzzy in practice)
- eyezick 9y ago
  Good use cases exist because of the viability of the platform, not of their popularity. And even I meant to communicate financial "business logic", which is widely used in ICO's.

wybiral 9y ago

Maybe too expensive for something like 4chan. But those fees might make sense if you were wanting to use the blockchain as a form of proof or tamper-resistance. For instance, how Keybase uses the bitcoin blockchain: https://keybase.io/docs/server_security/merkle_root_in_bitcoin_blockchain https://keybase.io/docs/server_security/merkle_root_in_bitco...

octalmage 9y ago

I experimented with this some. When you think about the costs of scaling and managing a database, the costs to post might not be so bad.

wslh 9y ago
You are also forgetting the slow transaction times that occur in a public blockchain.
- bhaak 9y ago
  A transaction is rather fast on the Ethereum blockchain. I've had reddit posts that took longer to settle than Ethereum transactions. Ethereum is also not in a finished state. Scaling options haven't been fully explored yet. The move to PoS alone should decrease block times. Historically, discussions were done in Usenet on much longer timespans, so this shouldn't prevent using it for real discussions.
- Buttes 9y ago
  Ethereum is a DAG so the block time is very low, like 10 or 15s.

billmalarky 9y ago

This response lacks vision.

stusmall 9y ago
Would you have paid 15 cents to tell them they lack vision? Somethings make sense on the blockchain but I don't know about a clone of the epicenter of shitposting.
- billmalarky 9y ago
  Comment I was replying to claimed DAPP's are worthless because 4chan (maybe) isn't a good fit for them. >Blockchain apps are too expensive to operate vs paying for traditional bandwidth and hdd space. As for whether or not I would pay to post? The answer is maybe. It is certainly not "100% no." I'm willing to keep an open mind.