[2018-03-27]Vitalik Wants You to Pay to Slow Ethereum's Runaway Growth

[Reatim]

Vitalik Wants You to Pay to Slow Ethereum's Runaway Growth

Could adding a new fee help preserve ethereum in the long term?

It's a contentious statement in light of the debates ongoing across blockchains over how and when users should pay to support what amount to global computing networks. However, the concept is now gaining notable momentum on ethereum, most recently from the creator of the world's second-largest blockchain himself, Vitalik Buterin.

Buterin's concept, described in a recent blog post, revolves around so-called "rent fees," whereby users would be asked to pay to use the network based on how long they'd like their data to remain accessible on the blockchain.

The idea has recently seen interest generally, as ethereum developers have sought to cope with the platform's increased adoption, and, in turn, the increased amount of data being added that all network nodes need to store.

https://www.coindesk.com/vitalik-wants-pay-stop-ethereums-runaway-growth/

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[vit05]

At some point something like this will be necessary. It is clear that having this amount of data is not sustainable in the long run. Now, would not the path, like Bitcoin, be to think of off-chain solutions to issues that can be addressed in the off-chain?

[kevoh]

At some point something like this will be necessary. It is clear that having this amount of data is not sustainable in the long run. Now, would not the path, like Bitcoin, be to think of off-chain solutions to issues that can be addressed in the off-chain?

Nope! At this point Ethereum should be ready to hand over some of its customer base support to another crypto project like EOS or cardano. The rent fees should have been included from the beginning not now. This might not work out well for ethereum!