Quote from: lost_in_base on May 31, 2017, 06:31:50 PM

Quote from: BlindMayorBitcorn on May 31, 2017, 06:24:31 PM

Quote from: BlindMayorBitcorn on May 29, 2017, 06:52:46 AM

Quote from: yefi on May 29, 2017, 03:25:18 AM

Quote from: BlindMayorBitcorn on May 29, 2017, 02:11:05 AM

I completely missed the boat on ETH and I'm still pissed about it. But I still don't get it. If decentralized applications ever take off, won't using ETH be prohibitively expensive at this price? Such that a cheaper alternative will instantly take it's place?

Cost of gas for computations is price-adjusted, so shouldn't increase in real terms until there is competition for block space.

I remember when block space was cheap as chips. What's in store for those dApps when it's a buck a transaction? Am I missing something?

That didn't take long. Literally.
https://twitter.com/VitalikButerin/status/869972830191984641

You are telling that ETH just got bitcoins scaling problem? ETH crash coming?

https://etherscan.io/tx/0xf299d5e20e9f7dcf18da467c562ad671b91dd0f90ccc1eeaeb3ddcdfc37a4359

Actual Tx Cost/Fee: 27.287306046 Ether ($6,144.01)

Is this true? Someone paid $6,144.01 fee for one transaction in a block?

maybe he misstyped the fee, like happened more than once with Bitcoin?