Augur
$10.98 -1.30%
REP · 17w

[The elephant in the room] It currently costs $40+ just in gas fees to create a market!

- Augur market creation contract uses about 2.5M gas. - Here are the transactions for market creation https://etherscan.io/tx/0x54209ddb0ab2e036b4177be7960c0792b246fcaf0a4bf3bc86ca0a0a85a3cc6a - Most of them went through with 40 gwei, couple with 20-25 gwei - That means that with even the low price of Eth today, it costs $40+ in gas fees just to create market. - Actually the 0.01 eth bond on top of that is neglible compared to the gas fee :) - The gwei price will probably only go up with the adoption of Ether, until they introduce sharding (~2020 year maybe) - So, how are we going to use all these great Ethereum dapps?!
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