5 ms·

This is a perfectly reasonable use case, but also completely infeasible right now due to transaction costs - it could cost hundreds of dollars just to mint and

• exdsq 5y ago
  This is true for Ethereum, but if you look at other top 10 chains like Cardano the fees are much smaller! And proof-of-stake so it's not destroying the planet (I know Eth is going that way soon too).
  • webmaven 5y ago
    > This is true for Ethereum, but if you look at other top 10 chains like Cardano the fees are much smaller! Isn't this a temporary state of affairs? As a chain gets more popular, the fees will necessarily go up. A Dapp that must continually migrate to newer chains to provide a similar value proposition is vulnerable to being shut down, is it not? For technologies that have gatekeepers, popularity eventually drives down costs. The tradeoff for these gatekeeper-less platforms is that popularity must drive costs up for them to work. While it is possible to imagine use cases whose value equals or exceeds the cost at any point in time, it is difficult to imagine a use-case that scales in value at a rate equal to or exceeding the rate at which the costs do. Blockchains must continually find new higher value use cases or collapse in value. This isn't exactly the greater fool dynamic, but instead a 'greater foolishness'. > And proof-of-stake so it's not destroying the planet (I know Eth is going that way soon too). Proof-of-stake substitutes assets under management for transaction costs, but there is still an adverse selection problem that only gets worse over time.