News for hackers. Stuff that matters.
Re:Crypto Market Crash Leaving Bankrupt Startups in Its Wake by robterrell on Sunday December 09, 2018 @11:24AM (#18641597)
Didn't CryptoKitties bring the Etherium network to its knees? Not saying the issues aren't solvable, but can't we agree that nothing "never goes down," especially complex distributed systems.
Re:Crypto Market Crash Leaving Bankrupt Startups in Its Wake by ErikAugust on Sunday December 09, 2018 @11:32AM (#18641652)
Also: “Proof if Weak Hands” was successful in making a game out of spamming the network to the point of DoS.

When ETH was hundreds of dollars, the cost of running code on the blockchain (gas price) could get up to $50 during these attacks.

Imagine adding a column in a database table cost $50. Forget about it.

Re:Crypto Market Crash Leaving Bankrupt Startups in Its Wake by ErikAugust on Sunday December 09, 2018 @01:44PM (#18642455)
I created and run a cryptocurrency trading game called Cache (https://www.cachethegame.com) that uses ERC20 tokens in the “coin-op” sense. The solution when transaction fees go wild is to simply enable free play. Nobody wants to play $1+ in fees for something that costs a few cents.
Re:Crypto Market Crash Leaving Bankrupt Startups in Its Wake by xur17 on Sunday December 09, 2018 @11:32AM (#18641654)
It did become more expensive to use (on the order of 10x), but it didn't go down.
Re:Crypto Market Crash Leaving Bankrupt Startups in Its Wake by simonsaidit on Sunday December 09, 2018 @11:33AM (#18641661)
No thats not what happend. Nothing ever went down but if you wanted a tx to go through fast you had to pay more.
Re:Crypto Market Crash Leaving Bankrupt Startups in Its Wake by robterrell on Sunday December 09, 2018 @12:50PM (#18642160)
I was thinking of this story: https://www.bbc.com/news/technology-42237162 (Which, I understand, is for a general audience and might not be very accurate.)

I recall the founder of CryptoKitties saying that the transaction cost was significantly higher than the kitty cost. Isn't that a failure state for the network?

Re:Crypto Market Crash Leaving Bankrupt Startups in Its Wake by chii on Sunday December 09, 2018 @05:53PM (#18643840)
> Isn't that a failure state for the network?

it depends on what you define as a failure state. Technically, the network is still working - but business-case wise, it failed.