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Author Topic: If ethereum becomes too expensive it fails  (Read 2796 times)
Swapster
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April 28, 2016, 07:08:56 PM
 #21

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owm123
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April 29, 2016, 12:17:46 AM
 #22

Running smart contracts is payed by Gas, not Ether. If Ether is to expensive, Gas price goes down to keep everything in balance. Gas prices already went down due to recent ether prices.

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molsewid
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April 29, 2016, 08:05:57 AM
 #23

Running smart contracts is payed by Gas, not Ether. If Ether is to expensive, Gas price goes down to keep everything in balance. Gas prices already went down due to recent ether prices.

That is true. The gas price has dropped significantly when the Ethereum price rose from $0.5 to $15.
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April 29, 2016, 03:24:08 PM
 #24

If the Ethereum Platform is rapidly adopted, the demand for transaction processing and distributed application computations could rise dramatically ...

I absolutely agree with you! This is one of the main problems of Ethereum, and this is why I think that they could not limit the amount by implementing POS as widely discussed into the community. Since Ether are no units the value (Ether are units to run a application) a price rise will not have the same positive effect as it has to Bitcoin for instance.

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