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The more I move crypto, the more convinced I am that ETH ecosystem = garbage

hundreds of dollars in fees just to move your shit from one ...
Buck "The Club" Paulette
  02/22/21
cr
,.,.,.,.,.,.,.,.,..,..,,.,.,.,.,.,.,.,.
  02/22/21
doing stuff like that used to cost literally pennies. sad!
,.,...,..,.,.,;:,.:,.,.,::,,,,..,:,.,.:.:.,:.::,.
  02/22/21
isnt a lot of that just bc eth is expensive again all of a s...
.,.,...,..,.,.,:,,:,...,:::,...,:,,,.:..:.,:.::,.
  02/23/21
not really.
Are you dumb, stupid, or dumb, huh?
  02/23/21
Lol Crypto was supposed to be a "zero transaction c...
32 fouettes
  02/25/21
SUSHISWAP PUMP IT UP!
nyuug
  02/22/21
SOLmos, does SOL solve these issues? If everything moved to...
Buck "The Club" Paulette
  02/22/21
Yeah it's faster and cheaper all around. They started from s...
"'''''"'""'''"'"'
  02/22/21
Do you think SOL will eventually win? What about BNB or DOT?...
,.,.,.,.,.,.,.,.,..,..,,.,.,.,.,.,.,.,.
  02/22/21
No don't know much about them. But BNB seems to be chink slo...
"'''''"'""'''"'"'
  02/22/21
Also, the US will prolly not want BNB to take over the crypt...
,.,.,.,.,.,.,.,.,..,..,,.,.,.,.,.,.,.,.
  02/22/21
titcr. LULZY BNB observation - anytime a breakout seems immi...
nyuug
  02/22/21
Nothing in "crypto" solves this and nothing ever w...
Frank Lloyd Wrong
  02/23/21
A friend of mine was thinking of sellcucking like 50K in ETH...
Refunkulus
  02/22/21
lol wtf
law duck
  02/22/21
lmao wow
"'''''"'""'''"'"'
  02/22/21
Flame. Unless he has 30 eth scattered in 100 different walle...
disc golf
  02/23/21
Your friend is a moron Nobody gets charged that
,.,...,..,.,.,;:,.:,.,.,::,,,,..,:,.,.:.:.,:.::,.
  02/23/21
...
roosters
  02/23/21
1. This is a known issue with several solutions on the horiz...
Are you dumb, stupid, or dumb, huh?
  02/23/21
Or everyone will use SOL because it's better all around.
"'''''"'""'''"'"'
  02/23/21
So is Tezos and like 10 other projects in a vacuum, yet none...
Are you dumb, stupid, or dumb, huh?
  02/23/21
Lmfao
Frank Lloyd Wrong
  02/23/21
Are the gas fees a product of network congestion and can thi...
.........,,;,;,;,,,............,,;,;;,.;.
  02/23/21
nope. more nodes makes it slower.
.,.,...,..,.,..:,,:,...,.::,...,:,.,.:..:.,:,::,..
  02/23/21
...
Frank Lloyd Wrong
  02/23/21
It’ll be solved by ETH 2.0 which transitions to proof ...
,.,...,..,.,.,;:,.:,.,.,::,,,,..,:,.,.:.:.,:.::,.
  02/23/21
Why don't they get off their ass then? What is the holdup w...
Buck "The Club" Paulette
  02/23/21
Do t worry it’ll only take two years
,.,...,..,.,.,;:,.:,.,.,::,,,,..,:,.,.:.:.,:.::,.
  02/25/21
$700 fee right now to swap $2000 worth of tokens wtf
Buck "The Club" Paulette
  02/23/21
I cannot stress this enough, it's ridiculous
Buck "The Club" Paulette
  02/25/21
The chain is literally unusable right now I’d you&rsqu...
,.,...,..,.,.,;:,.:,.,.,::,,,,..,:,.,.:.:.,:.::,.
  02/25/21
So the higher ETH goes the worse this gets? And BTC is less...
bowlcut autist
  02/25/21
i couldnt even move my eth from my wallet to my exchange ...
nyuug
  02/25/21


Poast new message in this thread



Reply Favorite

Date: February 22nd, 2021 11:37 PM
Author: Buck "The Club" Paulette

hundreds of dollars in fees just to move your shit from one wallet to another or swap some tokens, lmao

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993541)



Reply Favorite

Date: February 22nd, 2021 11:38 PM
Author: ,.,.,.,.,.,.,.,.,..,..,,.,.,.,.,.,.,.,.


cr

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993547)



Reply Favorite

Date: February 22nd, 2021 11:43 PM
Author: ,.,...,..,.,.,;:,.:,.,.,::,,,,..,:,.,.:.:.,:.::,.


doing stuff like that used to cost literally pennies. sad!

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993582)



Reply Favorite

Date: February 23rd, 2021 2:22 AM
Author: .,.,...,..,.,.,:,,:,...,:::,...,:,,,.:..:.,:.::,.


isnt a lot of that just bc eth is expensive again all of a sudden?

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41994061)



Reply Favorite

Date: February 23rd, 2021 2:25 AM
Author: Are you dumb, stupid, or dumb, huh?

not really.

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41994065)



Reply Favorite

Date: February 25th, 2021 12:09 AM
Author: 32 fouettes

Lol

Crypto was supposed to be a "zero transaction cost" "currency"

(It is neither after nearly a decade)

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#42005528)



Reply Favorite

Date: February 22nd, 2021 11:40 PM
Author: nyuug (WGWAG FOREVER)

SUSHISWAP PUMP IT UP!

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993563)



Reply Favorite

Date: February 22nd, 2021 11:44 PM
Author: Buck "The Club" Paulette

SOLmos, does SOL solve these issues? If everything moved to SOL would these fees go down? Or to DOT?

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993586)



Reply Favorite

Date: February 22nd, 2021 11:52 PM
Author: "'''''"'""'''"'"'

Yeah it's faster and cheaper all around. They started from scratch to fix the scalability issues. I'm not gonna act like an expert, but being charged less than a dollar for a transaction is gonna win over being charged $80 or whatever. First mover advantage will only help you so much if you don't solve the problem quickly

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993627)



Reply Favorite

Date: February 22nd, 2021 11:52 PM
Author: ,.,.,.,.,.,.,.,.,..,..,,.,.,.,.,.,.,.,.


Do you think SOL will eventually win? What about BNB or DOT?



(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993634)



Reply Favorite

Date: February 22nd, 2021 11:55 PM
Author: "'''''"'""'''"'"'

No don't know much about them. But BNB seems to be chink slop shit and I don't trust.

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993653)



Reply Favorite

Date: February 22nd, 2021 11:57 PM
Author: ,.,.,.,.,.,.,.,.,..,..,,.,.,.,.,.,.,.,.


Also, the US will prolly not want BNB to take over the crypto space.

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993666)



Reply Favorite

Date: February 22nd, 2021 11:58 PM
Author: nyuug (WGWAG FOREVER)

titcr. LULZY BNB observation - anytime a breakout seems imminent the binance youtube channel puts on a "live" video of some chinky ass nigga interviewing CZ about BNB...except its literally the same fucking "live" interview everytime LMFAO

seems like a straight up scam. i bought a little, sold it at profit and am glad i didnt get any deeper in it

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993672)



Reply Favorite

Date: February 23rd, 2021 3:12 AM
Author: Frank Lloyd Wrong

Nothing in "crypto" solves this and nothing ever will. Lol its literally baked into the whole thing

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41994116)



Reply Favorite

Date: February 22nd, 2021 11:44 PM
Author: Refunkulus ((DU RAG, TIMBALANDS, FULL NUDE))

A friend of mine was thinking of sellcucking like 50K in ETH and I asked him what it would be in fees when he got the $$ and he said something like $45K PRE TAX - 10% transaction fee is pretty steep IMO.

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993587)



Reply Favorite

Date: February 22nd, 2021 11:55 PM
Author: law duck

lol wtf

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993647)



Reply Favorite

Date: February 22nd, 2021 11:56 PM
Author: "'''''"'""'''"'"'

lmao wow

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993659)



Reply Favorite

Date: February 23rd, 2021 12:07 AM
Author: disc golf

Flame. Unless he has 30 eth scattered in 100 different wallets

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993715)



Reply Favorite

Date: February 23rd, 2021 12:10 AM
Author: ,.,...,..,.,.,;:,.:,.,.,::,,,,..,:,.,.:.:.,:.::,.


Your friend is a moron

Nobody gets charged that

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993728)



Reply Favorite

Date: February 23rd, 2021 1:17 AM
Author: roosters (luis)



(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993966)



Reply Favorite

Date: February 23rd, 2021 2:21 AM
Author: Are you dumb, stupid, or dumb, huh?

1. This is a known issue with several solutions on the horizon (EIP 1559, Eth 2.0, integration with Polkadot etc.).

2. Any move away from ETH will ease the gas fees.

3. We saw the same problem with Bitcoin fees and transaction delays, it never got fixed and it didn't matter. Bitcoin clearly won't work for everyday transactions, but that's no longer what people expect. Similarly, ETH may no longer be usable for small-time retail financial services, but it will still be used for large transactions where $200-$300 of gas is well worth the price to get deeper liquidity, less slippage, higher security etc.

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41994060)



Reply Favorite

Date: February 23rd, 2021 2:25 AM
Author: "'''''"'""'''"'"'

Or everyone will use SOL because it's better all around.

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41994066)



Reply Favorite

Date: February 23rd, 2021 2:31 AM
Author: Are you dumb, stupid, or dumb, huh?

So is Tezos and like 10 other projects in a vacuum, yet none of these can touch the ETH ecosystem. We saw this gas fee issue before during the ICO boom. That didn't drive the masses into NEO and ADA.

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41994068)



Reply Favorite

Date: February 23rd, 2021 3:13 AM
Author: Frank Lloyd Wrong

Lmfao

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41994117)



Reply Favorite

Date: February 23rd, 2021 2:33 AM
Author: .........,,;,;,;,,,............,,;,;;,.;.


Are the gas fees a product of network congestion and can this be solved by bringing on more computing power / miners?

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41994072)



Reply Favorite

Date: February 23rd, 2021 3:10 AM
Author: .,.,...,..,.,..:,,:,...,.::,...,:,.,.:..:.,:,::,..


nope. more nodes makes it slower.

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41994111)



Reply Favorite

Date: February 23rd, 2021 3:14 AM
Author: Frank Lloyd Wrong



(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41994118)



Reply Favorite

Date: February 23rd, 2021 3:34 AM
Author: ,.,...,..,.,.,;:,.:,.,.,::,,,,..,:,.,.:.:.,:.::,.


It’ll be solved by ETH 2.0 which transitions to proof of stake from proof of work

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41994138)



Reply Favorite

Date: February 23rd, 2021 9:34 AM
Author: Buck "The Club" Paulette

Why don't they get off their ass then? What is the holdup while other solutions exist right now?

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41994824)



Reply Favorite

Date: February 25th, 2021 12:07 AM
Author: ,.,...,..,.,.,;:,.:,.,.,::,,,,..,:,.,.:.:.,:.::,.


Do t worry it’ll only take two years

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#42005521)



Reply Favorite

Date: February 23rd, 2021 10:07 AM
Author: Buck "The Club" Paulette

$700 fee right now to swap $2000 worth of tokens wtf

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41995032)



Reply Favorite

Date: February 25th, 2021 12:02 AM
Author: Buck "The Club" Paulette

I cannot stress this enough, it's ridiculous

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#42005502)



Reply Favorite

Date: February 25th, 2021 12:07 AM
Author: ,.,...,..,.,.,;:,.:,.,.,::,,,,..,:,.,.:.:.,:.::,.


The chain is literally unusable right now I’d you’re not a whale or not running bots that execute profitable arb trades

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#42005519)



Reply Favorite

Date: February 25th, 2021 12:30 AM
Author: bowlcut autist

So the higher ETH goes the worse this gets? And BTC is less vulnerable to this?

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#42005611)



Reply Favorite

Date: February 25th, 2021 1:19 AM
Author: nyuug (WGWAG FOREVER)

i couldnt even move my eth from my wallet to my exchange

had to convert to BTC first then moved it to my exchange. ETH gas fees are REAL.

(http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#42005779)