Another point to bring up thats probably beneficial here, is there needs to be some thought given into storage rent arbitrage - it would be “easy” (depends upon the setup) to clear storage and reinitialize when rent exemption is cheaper. This could lead to some weird side affects.
As said above, a temporary fix is probably just change the hardcoded value while some other formula is worked out.
yea, thats generally fine. We want folks to write smart contracts that can reclaim storage. The other option is to eliminate persistent storage and to force everyone to deal with rent that eventually gets to 0 and stuffs their account into an RSA accumulator.
Ok that’s promising. Can I ask if v1.8 does not actually decrease the cost of rent or is delayed, please can you make a fixed decrease to the current rent exemption cost? With an ecosystem of our size, this is really being a blocker to growth. 1M new users cost $250K in wallet creation just to onboard which is crazy. Once we have this sorted, we will fly.
The hard cost is not only for storage, but for related activities ram, bandwidth etc… but I have no idea how to estimate that.
Question: if the rent exemption was lowered, do you think it should be allowed to get refunds for accounts with more in them than the new rent exemption?
Also, I think it would be technically very difficult to ever raise the rent exemption, unless there was technical changes to have a rent-exempt-flag on accounts, which isn’t the way it works now i think.
On May 8th that this issue was raised by the Kin Foundation the price of SOL was about 45 USD, now the price is about 190 USD and still not fixed. Anatoly this isn’t right and shouldn’t take this long. Please fix this as soon as possible and make it correlated to the price of SOL, so we don’t have the same conversation again in the future!