Bytes are waaaaay too cheap. - @valardragon
The price of the brick must go up.
@effortcapital – I think that it makes sense to move forward on this item, and pretty quickly. 10x the price of bytes (read and write is about 80% of the cost of transactions, per @zaki_iqlusion – so, bytes are underpriced for sure)… so, without causing problems for anyone because of the use of x/globalfee for ibc infrastructure, we can:
- increase the size of the memo field to 100kb to enable ideas like Dither
- increase the price of gas for bytes by 10x
I – think that this is a safe, sensible approach to allowing for the hub to be a permanent storage mechanism, and pricing that appropriately.