On: Crypto Market Crash Leaving Bankrupt Startups in I...

[simonsaidit]

No thats not what happend. Nothing ever went down but if you wanted a tx to go through fast you had to pay more.

[robterrell → simonsaidit]

I was thinking of this story: https://www.bbc.com/news/technology-42237162 (Which, I understand, is for a general audience and might not be very accurate.)

I recall the founder of CryptoKitties saying that the transaction cost was significantly higher than the kitty cost. Isn't that a failure state for the network?

[chii → robterrell]

> Isn't that a failure state for the network?

it depends on what you define as a failure state. Technically, the network is still working - but business-case wise, it failed.