People are arguing over gas fees to reduce congestion. In the last #cardano 360, @JohnAlanWoods, director of #cardano architecture, said the following. We are scaling in 11 different ways this year, all without tiered pricing. $ADA
This is a major change to the Cardano ecosystem. It would have been nice if the community could of had some input. This is in direct contrast to the egalitarian philosophy that the project has espoused from the beginning. Trying to keep an open mind :)
If nobody that uses cardano wants tiered pricing then the only way to do it right is not have it done at all.
Thanks for the heads up John. Any suggestions on managing network load when it exceeds 95-100%?? Maybe some best practices or users just had to wait longer? Any good ways of handling backlogs for large size kb transactions?
I suppose that *could* be compatible with the *fixed cost* feature of cardano. Its just a variety of fixed costs vs one. Still, the thought was that we would have one reliable cheap fixed across the board I think originally, or at least that was the impression. What changed?
Fee market will not solve congestion and will only destroy the #Cardano ethos. A fairer system.
If you have someone front running someone else in a open market we're back to the legacy system values.
A fee market on L1 is a bad idea. Let that happen in L2 solution.
A market fee goes against to #Cardano mission, we supposed to be creating an equal field where everyone could have the same chance. Moving away from it is doing more of the same expecting to have a different outcome. I’m going to keep reading and listening diff. views tho
but why?? why does this have to happen? why do you have to let somebody decide UNILATERALLY that their tx is more important than my tx? If you came AFTER you do not deserve to be processed BEFORE. Any queue reodering can only end in TradFi with extra steps
Glad to hear!
Is there a timeline for changing the rewards function to incentivise a larger pledge and discourage pool splitting.
Currently less than 8% of block producers have control of 50% of the stake. Seems like a very urgent issue to be addressed.
have seen discussion recently that any sort of fee market (including tiered pricing) could open the door to front running... sounds like an important consideration
I don't mind this being in research and test stage. But this should not be implemented in mainnet until all scaling solutions are exhausted and community is in line with this tiered scheme.
We should do anything possible to avoid MEV on-chain with Cardano...
If we start seeing sandwich bots I'm going to be really worried.
Tiered fees or fee market = #Cardano can’t scale
Go this route and you’re just as fake as Solana claiming they’ve solved the trilemma
Except with tiered pricing, half the blocks still have no fee structure. Please read the article they posted about the proposed changes. Only half of any given block will be affected by some sort of fee structure while the other 50% remains constant and fair.
Hi John, Is there any idea how much % difference there would be from Immediate to Balanced to Fair TX?