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SBF
@SBF_FTX
3) Well, the largest companies tend to use ~100k-10m TPS or so. They make something like $1-100B/year of net profit.
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SBF
@SBF_FTX
4) Ok, so where does that leave us? Well, that's about $10,000 in annual net income per TPS, or about $0.0003 per transaction.
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SBF
@SBF_FTX
5) So, if your blockchain wants to be theoretically able to house a top company without being a huge drag on its business model, it should maybe be targeting something like $0.0001 per transaction in gas costs.
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SBF
@SBF_FTX
6) How doable is that? Well, right now, fees on Solana are ~0.000005 SOL, which is roughly..... $0.000125.
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SBF
@SBF_FTX
8) First, what if demand outstrips supply for transactions by a massive amount? Well, then we just get auctions, like what Ethereum has, and prices could diverge upwards. And if supply outstrips demand?
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SBF
@SBF_FTX
9) Over time, nodes will increase in TPS, and maybe cost too. Which increases faster? TPS, probably. As computers get more efficient, so do Solana nodes. So the cost per tx should go down over time if demand doesn't keep up.
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SBF
@SBF_FTX
10) On the other hand, more validators --> greater compute cost per tx. Right now, Solana has ~50k max TPS and ~600 validators. If it's going to grow to ~10m TPS and ~10k (?) validators, that would be: --500x growth in TPS --20x growth in # validators --??? change in cost/node
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SBF
@SBF_FTX
11) So theoretically cost per transaction might go down by a factor of ~25, though possibly some of that will be counteracted by other factors. Which is to say: idk, it kinda seems like Solana is on path to be cost efficient for huge companies over the next ~5 years?
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J⬡
@rmrilkespanther
Replying to
@SBF_FTX
@SBF_Alameda
and
@aeyakovenko
Whats your thought on the distribution of said project?
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f1go.eth 🐼 L222 🦇🔊
@FigoETH
What Kyle & Co. don't want you to know: with future on-chain governance of #Solana and one of the worst token distributions ever it's very likely that powerful actors (thats him) will rugpull everybody longterm if Solana would become the future global settlement layer. twitter.com/KyleSamani/sta…
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toly 🇺🇸
@aeyakovenko
Replying to
@SBF_FTX
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@SBF_Alameda
Main cost and limiting factor for TXs is egress bandwidth. If the software doesn't suck, the capacity for TXs through the chain should be what 2/3+ datacenters have available to them, or somewhere between 10 - 20 gbps. Solana needs 4x the message size to propagate the data.
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