A high level proposal for dynamic gas price

nixoidnixoid San FranciscoMember Posts: 11
This is related to gas price problem, touched in https://www.reddit.com/r/ethereum/comments/494sug/high_gas_price_is_killing_ethereum_projects/ and https://www.reddit.com/r/ethereum/comments/499a7w/gas_prices_are_already_kinda_down_to_20_shannon/

Here is a pretty dumb and simple to implement algorithm for dynamic gas price that will solve all business questions: Let node operator specify gas price in USD instead of ether. As a side effect nodes will have to pull USD price from some trusted exchange (like kraken) and do a bit of math to convert it to Ethereum units, but it's just ~2 lines of code. Each node operator can set an url of exchange that he trusts (and parsing pattern). Or even a piece of code that will calculate the price based on input data from an exchagne.

Then the only thing community will have to agree on is what is the reasonable cost of transaction in dollars. Which i think is $0.0001.

Thoughts?
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