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RE: Fractally's Better Blockchain Resource Billing System

in #fractally2 years ago

A lot of good ideas.
Yes simplifying the UX for the user and internal accounting is good.

How will the token price affect the resource costs? I feel the cost of blockspace in many crypto networks could get too high in bull markets (eg. ETH) and resource cost volatility is a major problem. The closer the total resource cost is to the actual costs of BPs & node infra the better. Thanks.

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Costs are based on the % utilization and all else being equal a rise in token value is a rise in price of resources, but if that results in a fall of demand for transactions then resource prices will fall. In other words the real cost of fees is independent of the token price and entirely dependent on demand.

High demand and high token prices are correlated but not linked.