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Comment by albertgoeswoof | Hacker News Reader

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albertgoeswoof

>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.

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I see much lower fees...

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

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.

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.

People speculate precisely because it's a whole new computing paradigm.

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.

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'

...

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)

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_bitco...

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

This is not entirely accurate. The competition isn't against free, 4chan servers do cost money to run.

But it doesn't cost users anything, and they really don't care how much the service costs to run.

Some users pay for some kind of premium account.

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.

You are also forgetting the slow transaction times that occur in a public blockchain.

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.

Ethereum is a DAG so the block time is very low, like 10 or 15s.

This response lacks vision.

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.

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.

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