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#448 Decrease the amount of reserved KSM when register thread id with code/genesis. Warning to all KSM holders and devs!

Proposer:
Gqrk...Bogy
 
in General
27th Aug '24
(Edited)

Do you see any stats? 

https://kusama.subscan.io/event?page=1&time_dimension=date&module=registrar

51 days ago deregister chain event.

Last registration event  71 days 22 hrs ago.

Parity, fellowship for whom you are building the network? 

For yourself and yours system chains? or for people.

You changed the params to not let abuse via runtime upgrade with a largest wasm size. But in that particular set up kusama and polkadot was 3 years and nothing critical happend.

Parity, are you intentionally is trying to kill kusama? 
Market cap of polkadot to kusama is in ratio 20 : 1. the same treasury dollar cost allocation 

BUT:

Prices to register a new thread to start new project:


Polkadot 3300 DOT -> 14390$

Kusama 1110 KSM  -> 21645$ WHAT? 21k$+? ARE you KIDDING?

this numbers above is a price to just a register a wasm code with genesis. so how many developers would be attracted to start their idea on kusama and try something?


Parity, Fellowship! Please!

Please! this wish for change created to reduce the price for bytes for wasm file to be compatible with polkadot price.

Acroding to ration of market cap it should be 14390 / 20 = 720$ therefore around 40KSM. Ok you can multiply by the ration of num of nodes 297 vs 1000. so it is 3
So I believe 120 KSM to register wasm file with a max len size should be configured for Kusama runtime.

 

Summoning all KSM holders to take a careful look what parity is doing to force everyone leave kusama and go to polkadot.

UPD:

https://www.youtube.com/shorts/CaBtljsfPMk
Look the second part of this short.

so next in line to develop feature as off-chain runtime upgrade in next year!
It means that price for registration chain will be the same as now -> be 30k$ for the next year and kusama will still continue to lose devs and projects... 

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Proposal Failed

The approval was lesser than the threshold for this track.
Summary
100.0%Aye
AyeNay
0.0%Nay
Ayes(209)
203.57K KSM
Nays(4)
18.00 KSM
Support
76.94K KSM
Voting Details
Approval0.00%Threshold0.00%
Support0.00%Threshold0.00%
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The text discusses a potential issue on Kusama, a blockchain platform similar to Polkadot, and suggests it could be vulnerable due to high costs associated with certain operations. The community agrees this is a significant problem that requires attention. Fortunately, the matter is already under discussion by the Polkadot Technical Fellowship, including an RFC (Request for Comments) and open calls. The goal is to reduce these costs by two orders of magnitude, making it 300 times cheaper, which could lead to increased bullishness in the market. The current cost is around 30k USD, but with this proposed change, it...See More

The text discusses a potential issue with Kusama that could serve as a vector for attack, specifically referring to an idea mentioned in an RFC (Request for Comments) and further discussed in the Polkadot Technical Fellowship OpenDev call. The core concern is the cost of this issue, currently at 30k USD, which is suggested to be reduced by two orders of magnitude to approximately 300 USD. The reduction in cost is seen as beneficial, with the expectation that it would lead to increased bullishness for Kusama. However, there is no definitive statement from the core developers regarding this matter...See More

AI-generated from comments

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HCks...HMSH
 
 
28th Aug '24

I agree registering and deploying a parachain should be much cheaper. There's a related RFC in the fellowship to tackle this issue

Dm4u...1Xkk
 
 
28th Aug '24

Voted Aye

[Deleted]

Dm4u...1Xkk
 
 
28th Aug '24

Voted Aye

I agree with this, Interesting points 

JFAr...nYVt
 
 
29th Aug '24

This is already being discussed by the Polkadot Technical Fellowship. Besides the RFC mentioned above, it was discussed in the Polkadot Technical Fellowship OpenDev call, to reduce this by two orders of magnitude -  

https://forum.polkadot.network/t/2024-07-16-technical-fellowship-opendev-call/9512

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Gqrk...Bogy
 
 
29th Aug '24

@Bill

thanks

currently, 30k USD, should become 2 orders of magnitude cheaper → 300 USD

300USD will be bullish. thanks for update

Hw38...c75M
 
 
30th Aug '24

Voted Aye

Historic mistake that needs to be fixed.

Full AYE.

Di9w...Za8x
 
 
4th Sep '24

Aye, explained here: 

https://x.com/bitfalls/status/1831318514419794096

J6K1...Cn8T
 
 
10th Sep '24

Helixstreet wholeheartedly supports this proposal.

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USDT

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Tether USD (USDT)

USDC

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Pepe

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LDO

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Savings USDS

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Savings Dai (sDAI)

LBTC

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 Liquid BTC (LBTC)

EurC

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Euro Coin (EURC)

Sky

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SkyToken (SKY)

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tBTC v2

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Threshold Network tBTC v2

wstETH

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Wrapped liquid staked ETH (wstETH)

TONCOIN

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Toncoin (TONCOIN)

DAI

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Dai Stablecoin (DAI)

SHIB

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Shiba Inu (SHIB)

WBTC

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