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.
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.