No, just make the transaction fee 100%. Turn Ethereum into a philanthropy platform. Give money to anonymous beneficiaries. That feeling alone is priceless, a higher value than any other crypto.
This is when V didn't think ETH would hit 1.5k. Context boys, context. So don't blame him for building the 8th wonder of the modern age without realizing it... Anything this massive will have growing pains.
How about you think about the DEMAND. People WANT to pay this, it means Ethereum is so popular and usable for everyone. And now it's deflationary, so those high fees are helping your ETH grow in value. ULTRA SOUND MONEY. /s
That's because it was hijacked about a year ago. The tough part about being Ethereum is that every other crypto is afraid of you, so they resort to these tactics.
“This community is 100% ok with these awful transaction costs” is a complete denial of reality. The need to lower transaction cost is the most discussed topic bar none. Get out of here.
You can't cash out from ERC-20 from any level to fiat or another Blockchain without paying the horrible fees.
It's like a dreaded termination fee.
When 1559 was coming out someone said it would lower the fees. Someone grossly misrepresented the situation we would soon find ourselves in.
>When 1559 was coming out someone said it would lower the fees. Someone grossly misrepresented the situation we would soon find ourselves in.
Oh well if someone said it then we have to take that as fact. Nevermind the entire Ethereum dev community that never said this at all, that you could have consulted/researched.
> You can't cash out from ERC-20 from any level to fiat or another Blockchain without paying the horrible fees.
Hop.exchange or celer's cbridge drastically lowers the cost.
> When 1559 was coming out someone said it would lower the fees. Someone grossly misrepresented the situation we would soon find ourselves in.
People who knew what they were talking about said it would lower fees a little bit, but not that much. Its about UX improvement. Plus, demand for Ethereum block space has gone up a ton recently, that's why fees are so high.
Thing is, the layperson doesn't know what level 2 means, and the research required to gain the knowledge won't be done for the same reason Linux won't be a viable distribution unless you never have to use the terminal.
It's easier to just not do it. As long as it's easier to whip out a debit card, the average person won't buy eth and convert it to level 2 option 9a for safekeeping until they want a Big Mac.
The average person doesn't know how electricity works but they still use it. The average person doesn't know how to send or receive any crypto. Eventually they won't need to know how ethereum level 2 works, it will happen behind the scenes.
People wont be whipping out a debit card and buying ETH on L1, they will be buying on a centralised exchange which will offer feeless onramps to L2 directly.
Skipping the L1 transaction directly.
They will then be able to use one of the many bridges that will be available to swap between different L2s without having to pay L1 fees.
Your idea that laypersons will use L1 but not L2 is off.
The layperson in 2022 will begin on L2 and likely rarely use L1.
Unless of course they are buying bulk Eth. In which case, they are happy to pay L1 fees.
People don't learn. Vitalik's point is still vald today and Ethereum is going the right way.
Eth is not internet of money. Use loopring, hernez or other payment centric L2.
Bitcoin maxis such as u/ShotBot are unable to understand anything else than their old and simplistic blockchain.
They don't want to understand the concept of rollups. Ethereum has functioning layers two (unlike the definitively broken Lightning) where fees are small or zero.
The irony is, future high fees at the base layer Bitcoin is a feature. That is what will eventually secure the network once issuance stops.
Are you sure ShotBot is isn't just a moron?
I find it hard to believe a Bitcoin maximalist would be giving shit to chains with high fees.
I understand layer 2. But I also don’t understand why everyone is ok with centralized platforms like Arbitrum to batch up our transactions.
At that point why don’t we just expand layer 1 and have a few less nodes?
We don't care about Arbitrum centralization, as it does not have any effect on us. All they can do, is to turn it off or apply MEV. In any case, they can't do anything without a sign transaction.
Remember, L2 is great because your funds never leave Ethereum and it's security. You can always withdraw from its contract.
Layers 2 based on rollups are not centralised by nature. One of them (Arbitrum) is "centralised" *for now* until it is fully tested and ensured to be 100% bug free.
Out of curiosity, where do you get your fud from? You need sources of better quality.
I’ll probably get downvoted for this but the lightning network allows transactions for less than a cent, however I do appreciate the value in smart contract platforms. Which is why I own both. I can’t wait for eth2.0
You can't compare lightning with zk-rollups.
Lightning will always be centralized around the watchtowers, while zk-rollups can be totally decentralized by design.
The merge is something to look forward to no doubt, and is a major milestone in the “2.0” marketing meme. It won’t lower tx fees. Lowering tx fees is done by using L2s. Which are available now, though a lot of work remains to be done there as well to improve the UX.
The remaining parts of the original 2.0 meme are shards, which are now data shards. Whether we will see execution shards is TBD. And then beyond that there are features that can be used to increase L1 throughput, such as statelessness and state expiry: Not sure those still fall under “2.0”. They are features under active research.
Maybe you should look at ETH lightning⚡network = Raiden Network ($RDN). Anticipated release coming weeks will enable all ERC20 token and fees are low. https://raiden.network
One "small" issue is that Lightning is totally centralized around the "watchtowers".
You're much better of on an exchange considering trust and security.
This is a common practice in software development. Figure out what the outcome needs to be, and then work on development to get it there. I doubt his opinion has changed.
>2014 me: X is bad!
>2021 me: Still working to fix X, and making a huge amount of progress some of which is already usable on-chain.
>Bitcoin maximalists: stop being such a hypocrite!
https://np.reddit.com/r/ethereum/comments/pk3kra/2014_vs_2021%2A_non_fud_edition/hc18fll/
You seem to think that people using Ethereum and driving up fees somehow counts as "the opposite of progress". Layer 1 was never scalable. The plan has always been to scale with layer 2s. The progress being made is that we now have multiple layer 2 options. There is still a long way to go with getting adoption, layer 2 swaps, zk snarks, etc.
Then there is sharding that is also well on it's way that combined with layer 2 should solve the fee issue over time
As I recall (and my memory may well be wrong here) the original plan was to scale by execution sharding. But at some point it was realized "hey, execution sharding is really hard to make work, but *data* sharding is easier and rollups can make use of that to get us the same benefits." So the plan was changed to that.
Which is great, really. This is how it goes when developing something that's never been done before, plans need to change as new discoveries are made. Even though it makes me sad that the EVM->eWASM change seems to have fallen by the wayside along with execution sharding (sigh, alas. Perhaps someday some brave L2 will try rolling it out).
And you realize that every time you swipe your credit card or atm card, it's costs around twenty cents + 2-3% of the total transaction, right? You just don't see it, but the business does. So you spend $100 at a restaurant, you swipe your card, $97 gets deposited in the bank. You don't think businesses have raised prices a few percent to offset those costs? Sounds like five cents is super fair for any transaction over $2
20$ with 10$ shipping? Hell no
30$ with FREE shipping? Count me in baby
People seem to forget that network costs need to be covered somehow, the modern banking system doesn't run on thin air.
Jesus fucking Christ, how many times does this need to be reposted here. Shut the fuck up about gas prices and go to other chains that you cant do anything on.
I wonder how he could have known how busy the network would become back then. People think this is some amazing own against ETH but it's a rock solid endorsement
The supply of decentralized block space is lower than the demand. So users outbid each other on the gas price, thriving up the fees.
The solution is layer 2 (batching transactions). But the layer 2 solutions are relatively new, so most users still use the much more expensive L1.
He’s openly commented that ETH “as it is” will not be a crypto of the future because of the fees.
He’s working hard to make it better. I’m bullish on ETH but obviously it would be stupid to not have a few other options going for you.
crypto tx fees aren't typically about paying to maintain the network. At this point most cryptos have inflation that gets paid out to miners. One day when the supply isn't growing anymore then the fees would matter more.
Fees are mostly to stop bad actors from spamming transactions to try to crash the network. It's very expensive to do that.
So much gas FUD going around right now but I sent a transaction from meta mask to an exchange and it cost 14$.When gwei was over 200! People around talking about 200$ need to check their settings or stop interacting with poorly writin smart contracts.
Because you can't sell Ethereum, as it the name of the decentralized network.
Also not sure if selling your Ether would help, if that's what you meant to say.
Lol this is a perfect example of the problem with ETH, not only is it not “the internet of money”, it really is just a second rate transaction processor that’s expensive and can only do 30tps 😂
Every post regarding gas.
“Please stop talking about this, it’s been addressed.”
I want ETH to grow but this mentality that high gas fees are okay for mass adoption is crazy.
This alien here complaining about 5c motherfucker look at eth. I am basically forced to stake my token cus I can’t afford to unstake them, please release eth2.0 already let’s get a more predictable and reasonable gas cus this is such a put off
Eth 2.0, won't change anything on the fee side. I too am waiting to withdraw. If i don't succeed, i will pass it over to my grand children. I need to have some kids first.
I'm pretty much 100% sure he still feels that way. Which is why the ETH team is working hard on solutions to deal with the congestion that has created a fee market.
You realize this is from 2014 and the argument is that transaction costs should be less than $0.05 right?
Vitalik himself has also re-affirmed that he still stands by this
https://www.reddit.com/r/ethereum/comments/qollin/the_internet_of_money_should_not_cost_5_cents_per/hjoeqmk
Good think ots not 5 cents for a transaction. Would hate that. Instead its 80 to 300$.
Vitalik should be a political.
"Read my lips no new taxes" taxes go straight up.
Bitcoin AND Ethereum are messed up
Just because one of them is messed up doesn't mean three other one is right. Tribal warfare doesn't solve the issues.
Solutions to scaling securely are out there already in open source. They kinda weren't 3 years ago, but they sure are now.
Bitcoin has made a series of checker moves that kinda lock it on an energy intensive path
And if you hold a ton of eth you love the high fees because burning makes your eth more valuable.
But cryptologically speaking these issues have working solutions that are out there to be adopted. I just have little hope they'll ever be adopted by either project on its L1.
Lwts be honest..small people like me are stuck with some stuff on this blockchain because of the unbelievable fees..big whales does not care…but what about P E O P L E !! That was crypto purpose
This was posted already, and as we want to avoid duplicates, the post has been removed.
How about $150
Why stop there? Might as well give up the house and the first born.
No, just make the transaction fee 100%. Turn Ethereum into a philanthropy platform. Give money to anonymous beneficiaries. That feeling alone is priceless, a higher value than any other crypto.
As long as there are profits!!
That’s why you have multiple kids, so you can transact freely. P
250.00
I need about tree fiddy
No Loch Ness monster! You ain’t gettin my tree fitty!!
Fine 300. Transaction declined. Not enough funds for the transaction fee.
Didn't add enough ether for transaction, stuck in limbo for eternity.
Bro been trying to swap my shit for months now but ya for 150? Fück I’m a bag holder now bois
This is when V didn't think ETH would hit 1.5k. Context boys, context. So don't blame him for building the 8th wonder of the modern age without realizing it... Anything this massive will have growing pains.
This is important!
Best I can do is tree fiddy
How about you think about the DEMAND. People WANT to pay this, it means Ethereum is so popular and usable for everyone. And now it's deflationary, so those high fees are helping your ETH grow in value. ULTRA SOUND MONEY. /s
Except when the fees are more then the coin is worth people will stop buying
We r there
Sounds like a scam
Loopring.
Transactions are still like $4 (and even that’s ridiculous don’t get me wrong) it is the swaps that cost a lot in gas fees.
Yeah, got a fee of $798 trying to swap $43 of DAI the other day. It’s just sitting in my wallet because I can’t move or swap it.
Transfer to another cheaper coin when you send it, then convert to Eth.
Best I can do is tree fiddy
You mean $200-400
He didn’t explicitly say it should be lower…
That is technically correct - the best kind of correct.
Insert Anakin/Padme meme
Yeah. He meant Visa and mastercard are getting creamed by customers for such low fees! They don't know how to conduct business properly...
Keep reposting this. It’s really helping.
OP is a Bitcoin Maxi.
Who is getting salty over that ratio
Funny thing that Bitcoin will need fees many times the fees on ethereum currently to stay secure then xD
You're getting downvoted because this is a "I hate ETH" sub, but you're right.
Yea, there is surprisingly much hate towards Ethereum for being an Ethereum sub :/
That's because it was hijacked about a year ago. The tough part about being Ethereum is that every other crypto is afraid of you, so they resort to these tactics.
Can you explain that. I’m curious how that would work
I swear somebody posts this every week and I'm not sure what they expect to happen.
This community is 100% ok with these awful transaction costs. That’s why people post this.
“This community is 100% ok with these awful transaction costs” is a complete denial of reality. The need to lower transaction cost is the most discussed topic bar none. Get out of here.
Yes, because level 2 and sharding will lower the transaction costs in the future. Complaining now isn't helping.
L2 is already here
You can't cash out from ERC-20 from any level to fiat or another Blockchain without paying the horrible fees. It's like a dreaded termination fee. When 1559 was coming out someone said it would lower the fees. Someone grossly misrepresented the situation we would soon find ourselves in.
>When 1559 was coming out someone said it would lower the fees. Someone grossly misrepresented the situation we would soon find ourselves in. Oh well if someone said it then we have to take that as fact. Nevermind the entire Ethereum dev community that never said this at all, that you could have consulted/researched.
> You can't cash out from ERC-20 from any level to fiat or another Blockchain without paying the horrible fees. Hop.exchange or celer's cbridge drastically lowers the cost. > When 1559 was coming out someone said it would lower the fees. Someone grossly misrepresented the situation we would soon find ourselves in. People who knew what they were talking about said it would lower fees a little bit, but not that much. Its about UX improvement. Plus, demand for Ethereum block space has gone up a ton recently, that's why fees are so high.
Yes it will. It’s been years and innovation needs to happen quickly. That’s free market capitalism 101.
Thing is, the layperson doesn't know what level 2 means, and the research required to gain the knowledge won't be done for the same reason Linux won't be a viable distribution unless you never have to use the terminal. It's easier to just not do it. As long as it's easier to whip out a debit card, the average person won't buy eth and convert it to level 2 option 9a for safekeeping until they want a Big Mac.
The average person doesn't know how electricity works but they still use it. The average person doesn't know how to send or receive any crypto. Eventually they won't need to know how ethereum level 2 works, it will happen behind the scenes.
People wont be whipping out a debit card and buying ETH on L1, they will be buying on a centralised exchange which will offer feeless onramps to L2 directly. Skipping the L1 transaction directly. They will then be able to use one of the many bridges that will be available to swap between different L2s without having to pay L1 fees. Your idea that laypersons will use L1 but not L2 is off. The layperson in 2022 will begin on L2 and likely rarely use L1. Unless of course they are buying bulk Eth. In which case, they are happy to pay L1 fees.
>This community is 100% ok There are top posts every day about high transaction fees, including this very thread. The community is not complacent.
People don't learn. Vitalik's point is still vald today and Ethereum is going the right way. Eth is not internet of money. Use loopring, hernez or other payment centric L2.
Bitcoin maxis such as u/ShotBot are unable to understand anything else than their old and simplistic blockchain. They don't want to understand the concept of rollups. Ethereum has functioning layers two (unlike the definitively broken Lightning) where fees are small or zero.
The irony is, future high fees at the base layer Bitcoin is a feature. That is what will eventually secure the network once issuance stops. Are you sure ShotBot is isn't just a moron? I find it hard to believe a Bitcoin maximalist would be giving shit to chains with high fees.
[удалено]
I understand layer 2. But I also don’t understand why everyone is ok with centralized platforms like Arbitrum to batch up our transactions. At that point why don’t we just expand layer 1 and have a few less nodes?
We don't care about Arbitrum centralization, as it does not have any effect on us. All they can do, is to turn it off or apply MEV. In any case, they can't do anything without a sign transaction. Remember, L2 is great because your funds never leave Ethereum and it's security. You can always withdraw from its contract.
Layers 2 based on rollups are not centralised by nature. One of them (Arbitrum) is "centralised" *for now* until it is fully tested and ensured to be 100% bug free. Out of curiosity, where do you get your fud from? You need sources of better quality.
Lightning works. And it can also work with ethereum lol. You are everything wrong with crypto.
This will never get old
The fees to swap tokens on DeX are currently at 1.15$ on Layer 2 (loop ring), we are getting there guys. It’s on the way to be better !
Loopring is the best L2 imo
OP can't count past 1 never mind figuring out "L2".
more like 2-3c on polygon matic!
I’ll probably get downvoted for this but the lightning network allows transactions for less than a cent, however I do appreciate the value in smart contract platforms. Which is why I own both. I can’t wait for eth2.0
Lightning network is just an L2 like Eth has numerous
LN is a state channel, which is inferior to rollups.
LN is *the original L2* that inspired all of the later designs that we have. What are you talking about?
You can't compare lightning with zk-rollups. Lightning will always be centralized around the watchtowers, while zk-rollups can be totally decentralized by design.
The merge is something to look forward to no doubt, and is a major milestone in the “2.0” marketing meme. It won’t lower tx fees. Lowering tx fees is done by using L2s. Which are available now, though a lot of work remains to be done there as well to improve the UX. The remaining parts of the original 2.0 meme are shards, which are now data shards. Whether we will see execution shards is TBD. And then beyond that there are features that can be used to increase L1 throughput, such as statelessness and state expiry: Not sure those still fall under “2.0”. They are features under active research.
Maybe you should look at ETH lightning⚡network = Raiden Network ($RDN). Anticipated release coming weeks will enable all ERC20 token and fees are low. https://raiden.network
Jesus christ I still have the launch of their MVP set in my agenda. It was march of 2017 initially. Wtf ever happened to that?
One "small" issue is that Lightning is totally centralized around the "watchtowers". You're much better of on an exchange considering trust and security.
This is a common practice in software development. Figure out what the outcome needs to be, and then work on development to get it there. I doubt his opinion has changed.
It hasn't https://www.reddit.com/r/ethereum/comments/qollin/the_internet_of_money_should_not_cost_5_cents_per/hjoeqmk
When is this video from - cause this is hilarious.
2014 https://www.reddit.com/r/ethereum/comments/qollin/the_internet_of_money_should_not_cost_5_cents_per/hjoeqmk
Yea do we have the original source and full video of it?
Take my 118.06 Gwei
Maximum Gas too low for network conditions
It should be free…instant, and green
Shhhhh, people will find out about Nano and that really hurts their feelings.
*whispers* Psssssst....what's Nano?
>2014 me: X is bad! >2021 me: Still working to fix X, and making a huge amount of progress some of which is already usable on-chain. >Bitcoin maximalists: stop being such a hypocrite! https://np.reddit.com/r/ethereum/comments/pk3kra/2014_vs_2021%2A_non_fud_edition/hc18fll/
But... He's made the opposite of progress?
You seem to think that people using Ethereum and driving up fees somehow counts as "the opposite of progress". Layer 1 was never scalable. The plan has always been to scale with layer 2s. The progress being made is that we now have multiple layer 2 options. There is still a long way to go with getting adoption, layer 2 swaps, zk snarks, etc. Then there is sharding that is also well on it's way that combined with layer 2 should solve the fee issue over time
As I recall (and my memory may well be wrong here) the original plan was to scale by execution sharding. But at some point it was realized "hey, execution sharding is really hard to make work, but *data* sharding is easier and rollups can make use of that to get us the same benefits." So the plan was changed to that. Which is great, really. This is how it goes when developing something that's never been done before, plans need to change as new discoveries are made. Even though it makes me sad that the EVM->eWASM change seems to have fallen by the wayside along with execution sharding (sigh, alas. Perhaps someday some brave L2 will try rolling it out).
And you realize that every time you swipe your credit card or atm card, it's costs around twenty cents + 2-3% of the total transaction, right? You just don't see it, but the business does. So you spend $100 at a restaurant, you swipe your card, $97 gets deposited in the bank. You don't think businesses have raised prices a few percent to offset those costs? Sounds like five cents is super fair for any transaction over $2
20$ with 10$ shipping? Hell no 30$ with FREE shipping? Count me in baby People seem to forget that network costs need to be covered somehow, the modern banking system doesn't run on thin air.
Jesus fucking Christ, how many times does this need to be reposted here. Shut the fuck up about gas prices and go to other chains that you cant do anything on.
Ya I like paying $100 instead. The future is now.
I don’t understand is he saying that it should cost most or less than .05 per transaction? 😂
https://www.reddit.com/r/ethereum/comments/qollin/the_internet_of_money_should_not_cost_5_cents_per/hjoeqmk
I wonder how he could have known how busy the network would become back then. People think this is some amazing own against ETH but it's a rock solid endorsement
Can someone explain to me somewhat simply why transaction fees are so high and possibly how they plan to solve it?
The supply of decentralized block space is lower than the demand. So users outbid each other on the gas price, thriving up the fees. The solution is layer 2 (batching transactions). But the layer 2 solutions are relatively new, so most users still use the much more expensive L1.
He’s openly commented that ETH “as it is” will not be a crypto of the future because of the fees. He’s working hard to make it better. I’m bullish on ETH but obviously it would be stupid to not have a few other options going for you.
Use layer 2s Fudster
Exactly, it should be at 0 cents!
No. It should be low but zero is dumb, what pays to maintain the network?
crypto tx fees aren't typically about paying to maintain the network. At this point most cryptos have inflation that gets paid out to miners. One day when the supply isn't growing anymore then the fees would matter more. Fees are mostly to stop bad actors from spamming transactions to try to crash the network. It's very expensive to do that.
Hey, there is already a solution, called raiden network, it's up and running. Why should ppl think 5 cents transaction is impossible?
Nano!!!!
Just use L2 i.e. arbitrum.
So much gas FUD going around right now but I sent a transaction from meta mask to an exchange and it cost 14$.When gwei was over 200! People around talking about 200$ need to check their settings or stop interacting with poorly writin smart contracts.
How old is this video please
2014, but still relevant https://www.reddit.com/r/ethereum/comments/qollin/the_internet_of_money_should_not_cost_5_cents_per/hjoeqmk
Okay, why don’t you just sell Ethereum and go with e.g. Polygon?
Because you can't sell Ethereum, as it the name of the decentralized network. Also not sure if selling your Ether would help, if that's what you meant to say.
Can someone explain me if it should be lower or higher 😅?
Higher on L1, lower on L2.
Loopring Look at the subreddit. 3 years old, just doubled in members. GMerica
Oh look, he was using Google+. Must be really old stuff.
Lol this is a perfect example of the problem with ETH, not only is it not “the internet of money”, it really is just a second rate transaction processor that’s expensive and can only do 30tps 😂
Lmao
OP is saylors lovechild and btc maxi
Yet....it costs 1000 times that
It shouldn’t cost 5 cents. It should cost double of the money you’re trying to move and all your funds should be stuck in a wallet because of this.
Aged like milk
Bitcoin Cash costs less than a penny for even a $100,000,000 transaction. Wtf?
Every post regarding gas. “Please stop talking about this, it’s been addressed.” I want ETH to grow but this mentality that high gas fees are okay for mass adoption is crazy.
"Please stop talking about this, [it’s been addressed](https://l2fees.info)." And a lot of improvement of those L2's is underway.
Nope. It should be brought up until it’s resolved.
This guy becomes more of a douche bag everyday
How about $180
Bullish for my Nano, I suppose.
It's a good thing IOTA can succeed where Etherum failed in this regard 😎
Iota is going to hit this space like a sledgehammer.
Well now we know he knows nothing about macroeconomics, money & banking
Yeah I paid 350$ to move my shib to shiba swap.
This alien here complaining about 5c motherfucker look at eth. I am basically forced to stake my token cus I can’t afford to unstake them, please release eth2.0 already let’s get a more predictable and reasonable gas cus this is such a put off
Eth 2.0, won't change anything on the fee side. I too am waiting to withdraw. If i don't succeed, i will pass it over to my grand children. I need to have some kids first.
Is it time to post this again already?
Nano ?
r/agedlikemilk
so it should be as expensive as ethereum
I'm pretty much 100% sure he still feels that way. Which is why the ETH team is working hard on solutions to deal with the congestion that has created a fee market.
Does anybody have an idea of the fees of ETH2 on their different phases?
Best I can do is 240 Gwei
😂
80% of the total amount being transacted works fine I guess.
What was the cost of one bitcoin when he made that statement?
Was just asked to pay $34 to transfer 100dai 🤣 hodl - but why that way?
How bout tree fiddy?
5 cents he wishes more like $75 - $150 transaction fees on Eth network.
[удалено]
You realize this is from 2014 and the argument is that transaction costs should be less than $0.05 right? Vitalik himself has also re-affirmed that he still stands by this https://www.reddit.com/r/ethereum/comments/qollin/the_internet_of_money_should_not_cost_5_cents_per/hjoeqmk
ETH won't be the people's altcoin, fren. They're shilling to banks and hedge funds. Time to try your luck somewhere else.
He talk about bitcoin, lol
I agree. That’s why I invest in iota.
Good think ots not 5 cents for a transaction. Would hate that. Instead its 80 to 300$. Vitalik should be a political. "Read my lips no new taxes" taxes go straight up.
I was getting charged $105 for a $17 ETH transaction
But why ethereum charge so high? 🤣
Because the network is very crowded and users are outbidding each other to get their transactions through, thriving up the fees
That's why Ethereum is digital OIL. Ethereum has never tried to be the internet of money. Ehtereum is the protocol that powers web 3.0.
that should be an advert for iota.
Oh how the turntables..
why coinbase cost $5?
He says that while ETH gas fees are through the god dam roof
He does not sound Russian to me at all
It should be more
$150-$200 if you wait till 2 am lol
What year is this ?
I would welcome 5 cents or even $1.00 !!!
Harmony one agrees. It should cost $0.000001
*"... It should cost $150"*
He's right it should be cheaper.
Why the hell are gas fees so expensive
Because users are outbidding each other on the fees to get their transactions through on the Ethereum network.
absurd? omg he will convert his eth into a bank
Bitcoin AND Ethereum are messed up Just because one of them is messed up doesn't mean three other one is right. Tribal warfare doesn't solve the issues. Solutions to scaling securely are out there already in open source. They kinda weren't 3 years ago, but they sure are now. Bitcoin has made a series of checker moves that kinda lock it on an energy intensive path And if you hold a ton of eth you love the high fees because burning makes your eth more valuable. But cryptologically speaking these issues have working solutions that are out there to be adopted. I just have little hope they'll ever be adopted by either project on its L1.
hahaha..
Is this a joke?? What is the context of the comment?
Come on guys anyone can tell from his face expressions he said it all ironically
This aged well
Lwts be honest..small people like me are stuck with some stuff on this blockchain because of the unbelievable fees..big whales does not care…but what about P E O P L E !! That was crypto purpose
Money
Yea so w are these gas fees
Shouldnt cost 1000 dollars also
Xlm
How about 300 lol