RE: LeoThreads Burned Up Some Resource Credits
You are viewing a single comment's thread:
You're celebrating that HIVE is quite cheap to interact with compared to the other popular chains..
But you're also making the claim that once HIVE gets heavier use through THREADS... it will start to become costly to users.
So you're really highlighting the point I've made in the past that HIVE is only "Fast and Feeless" because it's not utilized much. Also the other logical point then is... once it becomes expensive to use then it will completely lose it's celebrated advantage to other chains.
So you and @edicted are completely delusional making these claims that RC EXPENSES will be what gives HIVE TOKEN price appreciation.
It's a completely idiotic notion too.
"Come early to Hive and enjoy the cheap transactions.. because in the future you won't have it so good... IF user numbers ever grow."
So in other words.. if you enjoy your cheap Hive Blockchain, it would be beneficial to you if it stays under utilized.
There's no logic in your analysis.
Overall... it should also be obious that the system by design is meant to stay smalltime. If Threads ever does push 70k pet day... you can bet that by then @blocktades would bump up the costs of the operations that LEO contributes in the same way he made CUSTOM_JSON much more expensive in response to SplinterLands high usage of them.
Making it even more expensive and illogical to run a "Crypto Twitter" on top of Hive and so it will be a dead end for growth.
Certainly costs rise as activity increases. However, there are levels of advancement. We are nowhere near 100% usage on Hive. 70K per day wouldnt even get things breathing hard.
Actually math is the logic. If it cost $1M to run the chain, and there are 100K transactions, the cost per transaction decreases with an increase to 1M. The cost declined by 90%.
Of course, that hold true until another level of expansion is required, which drives the total price up. This is where scaling enters.
Finally, there is a point, you are right, where it becomes non-feasible to have each OMG and yes sir on chain. That is where less expensive data storage can enter.
This is a network. We know over time that costs decline and performance goes up. This is computing 101.
Posted Using LeoFinance Alpha
You're speaking hypotheticals.
Here are some actualities:
Recently LEO experienced issues with nodes. Something I believe is deliberate throttling.
Some time back SPLINTERLANDS took the confirmation from 3 seconds to 45 seconds as they often had backlog.
Other nodes and services that make up Hive backend often go down.
The services and projects and HIVE POWER ELITE don't communicate well with each other.
Some are even deliberately out to harm each other and (or) hurt grassroots users as a way to hurt someone that supports them.
The projects that are in constant BUILDING MODE on Hive don't follow structured development and release... the one that you celebrate as giving utility to HBD is essentially a dead endeavor: RAGNAROK.
SPK.NETWORK also another endless WIP and the coders themselves working on their own things that are either still just ideas or not on the table of options to users.. and then again, interoperability non-existent.
I could go on but I anticipate a response to this would be "it's decentralized these things happen" but then without even degrading 'DECENTRALIZED' it might be time to realize where HIVE really is after all these years.. and so these points above are then obvious from other observers.
Which is why I conclude that the forces of significance here DO NOT WANT GROWTH in the way you or many other users think HIVE should be growing.
LEO is finally a thing in motion and that's great.. but then the bugs show the level of skill behind the project. Do then it's disappointing to hear Khal downplay and dismiss it as "yeah we're all pretty used to the bugs.."
When instead development should be in OVERDRIVE perfecting things to then be saying "our user intake and retention is almost on par.." but instead you can see quite a few users saying "they like how the UI LOOKS but will wait until bugs are fixed to use it more.."
And that's THE USERS ALREADY IN ... which would be a fraction of the users that don't even enter to express their patience.
Anyway maybe you yourself don't see a problem because you hold a favorable position.
You need to be more honest about what's happening (or not happening) here and now though... specially since you often speculate that is those things eentuate... you'll reap the benefits.
FUTURE DREAMS HAVE ZERO VALUE UNTIL REALIZED THOUGH.
Which makes it IMO more pressing that YOU ALSO start pushing these questions to projects.
Like for real man... I remember years ago you were doing exactly that to Dan of 3Speak.. "when will we be able to fire up our own video frontend.."
THOSE TALKING HEADS have moves so far away from that... and despite it all.. there's STILL REALLY NOTHING SUBSTANTIAL that could be seen as new tech/platform/toolset for users and business ventures.
So if you wonder why Hive hasn't gone the way you have professed through your many hypothetical posts....
These words exist on chain. As do my many other comments that seem now quite prophetic.
Read or not read.
Factual nonetheless.
-xiko