My Thoughts on LEO Roundtable #17.
4
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ETH transaction fees, i believe, definitely will become a problem. This is one of the downfalls of a POW blockchain. As transactions increase, simple economics will establish that the fees will go up too as the miners are doing more work. This will reduce the number of people using the network thus reducing the value and therefore price. Are we ready for the masses?
Some questions for @khaleelkazi
Could someone explain the vote multiplier function on LEO? Swap.app allows us to sell our LEO for ETH and BTC. Who is buying the LEO for ETH and BTC though? Could we delegate out LEO to a @tipu equivalent on LEO? What is the 'token benefactor' payout on my LEO posts?
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