Hi all! I plan to change the FLIP soon - slightly tweaking the storage-fee-increase formula based on bluesign’s recommendation. Please share your support or concerns - thank you!
Meanwhile - feel free to read and help brainstorm other exciting storage fee improvement ideas, here. Note that these discussion are in-parallel, more futuristic, and not do not directly impact the recommendations made in FLIP-66 (i.e., “Revisiting Flow storage minimum account balance”).
I support bluesign’s recommendation for FLIP 66 as a short-term approach and I would recommend that we refer in FLIP 66 the discussion we are having here for the more futuristic approach. This way we commit that we are going to deep dive into a future solution that is more sustainable for the Flow ecosystem.
Sorry for the delay in replying here. I think @bluesign idea is really great and I think it is definitely a good middle ground that we can achieve without too much code change.
Absolutely, @redallica! Urge everyone to also go through the other discussion and share thoughts.
Hi @bluesign, @redallica, @luca - created a PR to update the FLIP according to bluesign’s recommendation. Feel free to review it, thanks 
I really like @bluesign’s idea also. Where is the PR to update the FLIP?
@kshitij.chaudhary When we update the fees and minimum account balance, we will need to adjust recommended Machine Account balances as well.
Hey its already merged. You can see the changes on the FLIP - https://github.com/onflow/flips/blob/main/governance/20230122-revisiting-storage-fee.md
Hey Kshitij,
Find out that there’re 2 flips merged:
Imo the plan is to increase the tx fee 100X, but leave the storage fee unchanged - is this correct?
If so what’s your take on the implementation and launch side?
Hey @dryrunner - thanks for your message; I am working on an implementation timeline for various Tokenomics changes that I’ll discuss with the community soon.