Solving Spam, State Bloat, and Fee Volatility with a Single Parameter

Economics
21

A microtransaction means a transaction where the value of that transaction is very low. For example, if you were paying for every token of an LLM individually, that would be like $0.0000001 worth of value transfer per transaction. $0.04 transaction fee makes that unviable, regardless of how wealthy you are.

Note: I haven’t read the rest of this thread, I just wanted to try to clear up what appears to be a misunderstanding.

Whether one thinks that such transactions are appropriate on Ethereum or not is certainly worth debating/discussing. Saying that there are no useful transactions that have extremely low value is incorrect though. My top desired types of such transactions are:

  • Emails (SPAM prevention)
  • DMs (SPAM prevention)
  • LLM payments (I buy lots of this in very small amounts at a time)
  • Website loads (alternative to CAPTCHAS)
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22

This is not accurate. State specifically is currently ~400GB depending on the client.

And this pricing mechanism also doesn’t solve state bloat. The state will still keep growing over time.

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