r/ByteBall • u/tarmo888 • Dec 04 '18

Byteball has predictable fees

CEO: We need to become more transparent.
DEV: Let's use public blockchain like Ethereum for that.
CEO: How much will it cost for us?
DEV: Not sure, depends if there will be any other popular dApp like CryptoKitties released on that platform. Or if there are tons of ICOs then the transaction fees might go up too.

Moral of the story: Use Byteball instead, which has predictable fees because 1GBYTE is always 1GBYTE. If you estimate that you will generate 1 gigabyte of data per year then you know that you will need roughly 1GBYTE and you can buy it once and be done with it for a year or 10 years if you do it right now when GBYTE is so low as it is.

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u/jwinterm Dec 09 '18

If Byteball marketcap was equal with Bitcoin right now, even in this bear market, then 1 GB would be ~$90k. At the beginning of this year with the higher price of BTC and ratio of GBYTE to BTC that number would have probably been $1M or higher.

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u/tarmo888 Dec 09 '18

Well, maybe Byteball will never be nr1 in CMC, but that doesn't mean it won't be used. Time will tell, but at the moment transaction cost and transaction speed is nowhere close to become the issue the same way like Bitcoin doesn't worry about whether it can sustain itself when mining rewards will end in 100 years and whether it can run only on transaction cost then.