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@Kitty4D on the B-Chain
just my adventures with the blockchain, web3, cryptocurrencies, and NFTs
Developer, Content Creator, Former Camgirl
aka @kitty4Do, $kitty4d
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Post by kitty4d

2022-01-02
• 7 months ago

quoted repost

aaronsuncamacho Profile Photo
aaronsuncamacho
2022-01-02
• 7 months ago
There are so many ways to monetize an app, especially with the options on DeSo so far, but as long as the killer app requires users to buy and spend DeSo then the value of DeSo should rise. I think developers are likely to use the native NFT functionality of DeSo in ways that never mention to the user that they are interacting with an NFT. I see this as probably superior to transactions fees and selling Creator Coins (especially since selling your own owned coins is taboo). Welcome to the New Year and a New You, btw!
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general question - when i do an action requiring a transaction, what "costs"? i know the node takes some amount as a fee. is that the entire cost? does some amount go into a DeSo Foundation wallet? but is something necessitating that cost? i know nodes have server costs. i think Core Team should earn for their work. but is there something inherently requiring a Like to cost something? or is the cost simply to help offset server hosting fees and to help provide salaries for core DeSo people? and is it all open source?
Meeks Profile Photo kitty4D Profile Photo Meeks Profile Photo kitty4D Profile Photo Meeks Profile Photo kitty4D Profile Photo Meeks Profile Photo
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Meeks Profile Photo
Meeks
2022-01-02
• 7 months ago
I think transactions typically run 200 - 300 millionths of a penny. I'm not 100% sure of that I think I saw a post recently where one of the OGs, who had 20,000 transactions had something along the lines of $4.35 in gas fees. Again, I'm not an expert, but that's what I think I've figured out.
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kitty4D
2022-01-02
• 7 months ago
yes, but i mean - what is that money for? the computer isn't refusing to do things unless you insert money. i understand that the money, whatever it is for, has some of it going to node operators. i'm not saying i have a problem with it, i just want to know what necessitates the cost. is it arbitrarily decided as an amount to help offset node operating costs along with some amount going to founders to reward them for what they made?
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Meeks Profile Photo
Meeks
2022-01-02
• 7 months ago
My guess is AWS fees, but that is only a guess. I have no idea where the servers are located that hold each transaction.
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kitty4D
2022-01-02
• 7 months ago
but each node hosts the blockchain, there isn't a central node or some central authority that deals with transactions... at least, that seems like it would go against so many things!
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Meeks Profile Photo
Meeks
2022-01-02
• 7 months ago
So, if I hosted an node and used AWS and my monthly fees were $30.00... ...then those transaction costs would go toward that. It would take 120,000 transactions per month to cover the fees. My guess is the transaction fees to account associated with the node. Again, this is a guess. I'd love to hear from someone more knowledgeable than me.
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kitty4D Profile Photo
kitty4D
2022-01-02
• 7 months ago
i don't think AWS is a requirement to host a node, is it? as far as i know, theoretically i could spin one up here at home, assuming my provider isn't locking everything down but i'm sure mine is (or they'd catch on pretty quick). but yeah that's still what i'm curious about - is the cost tied to something specific, or is it an arbitrary amount, does it change and how, etc. i think eth gas fees are set by miners, based on computational power requirements.
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Meeks Profile Photo
Meeks
2022-01-02
• 7 months ago
Yes, you could. I was just using that as an example because I don't have a server. I do believe you could spin one up at home until such a time as you ran out of storage space. As for ETH gas fees, I don't know about them, but that sounds correct. As for if it is tied to something specific, I believe it's has to do with the file size, but again, like all my comments in this conversation, that's is mostly a guess.
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