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The more I move crypto, the more convinced I am that ETH ecosystem = garbage
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Date: February 22nd, 2021 11:37 PM Author: Marvelous friendly grandma 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) |
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Date: February 22nd, 2021 11:38 PM Author: Chocolate Area cr (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993547) |
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Date: February 22nd, 2021 11:43 PM Author: arousing obsidian chapel useless brakes doing stuff like that used to cost literally pennies. sad! (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993582) |
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Date: February 23rd, 2021 2:22 AM Author: Odious stage 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) |
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Date: February 23rd, 2021 2:25 AM Author: red shivering ratface not really. (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41994065) |
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Date: February 25th, 2021 12:09 AM Author: Lavender Internet-worthy Depressive Market Lol
Crypto was supposed to be a "zero transaction cost" "currency"
(It is neither after nearly a decade) |
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Date: March 15th, 2021 7:21 PM Author: Excitant rehab toilet seat (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#42109962) |
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Date: August 20th, 2021 11:46 PM Author: Jet Casino Quadroon That's just ETH
Sol is fractions of a penny to make moves. Matic usually costs less than a penny. BNB is usually about 20 cents per trade. |
Date: February 22nd, 2021 11:40 PM Author: Spectacular people who are hurt house SUSHISWAP PUMP IT UP! (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993563) |
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Date: February 22nd, 2021 11:44 PM Author: Marvelous friendly grandma 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) |
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Date: February 22nd, 2021 11:52 PM Author: Rambunctious corner 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) |
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Date: February 22nd, 2021 11:52 PM Author: Chocolate Area Do you think SOL will eventually win? What about BNB or DOT?
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Date: February 22nd, 2021 11:55 PM Author: Rambunctious corner 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) |
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Date: February 22nd, 2021 11:57 PM Author: Chocolate Area 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) |
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Date: February 22nd, 2021 11:58 PM Author: Spectacular people who are hurt house 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 |
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Date: August 20th, 2021 11:52 PM Author: Jet Casino Quadroon It's most active chain for farming. I don't think it wins long term because if it gets a lot more expensive, the fees will start to get annoying (not oppressive like eth, but they're still 20x or more higher than SOL). However it's a deflationary coin semi-backed by binance revenue and a good place to be a for a variety of passive returns, so it's not a bad place to be. Reliability is much better than MATIC. (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#42984323) |
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Date: February 23rd, 2021 3:12 AM Author: aqua twisted clown parlour 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) |
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Date: February 22nd, 2021 11:44 PM Author: balding state 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) |
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Date: February 22nd, 2021 11:55 PM Author: Mind-boggling water buffalo lol wtf (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993647) |
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Date: February 22nd, 2021 11:56 PM Author: Rambunctious corner lmao wow (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993659) |
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Date: February 23rd, 2021 12:07 AM Author: 180 school cafeteria Flame. Unless he has 30 eth scattered in 100 different wallets (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993715) |
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Date: February 23rd, 2021 12:10 AM Author: arousing obsidian chapel useless brakes Your friend is a moron
Nobody gets charged that |
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Date: February 23rd, 2021 1:17 AM Author: bespoke magenta stead boistinker (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41993966) |
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Date: March 15th, 2021 6:18 PM Author: Khaki office (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#42109566) |
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Date: February 23rd, 2021 2:21 AM Author: red shivering ratface 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. |
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Date: February 23rd, 2021 2:25 AM Author: Rambunctious corner Or everyone will use SOL because it's better all around. (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41994066) |
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Date: February 23rd, 2021 2:31 AM Author: red shivering ratface 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) |
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Date: February 23rd, 2021 3:13 AM Author: aqua twisted clown parlour Lmfao (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41994117) |
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Date: February 23rd, 2021 2:33 AM Author: razzle crimson foreskin 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) |
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Date: February 23rd, 2021 3:10 AM Author: bistre giraffe nope. more nodes makes it slower. (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41994111) |
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Date: February 23rd, 2021 3:14 AM Author: aqua twisted clown parlour (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41994118) |
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Date: February 23rd, 2021 3:34 AM Author: arousing obsidian chapel useless brakes 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) |
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Date: February 23rd, 2021 9:34 AM Author: Marvelous friendly grandma 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) |
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Date: February 25th, 2021 12:07 AM Author: arousing obsidian chapel useless brakes Do t worry it’ll only take two years (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#42005521) |
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Date: March 15th, 2021 7:19 PM Author: Concupiscible buff kitchen mad cow disease It has been implemented, it just hasn't gone live although they may well do it with the EIP-1559 miners strike (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#42109943) |
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Date: February 23rd, 2021 10:07 AM Author: Marvelous friendly grandma $700 fee right now to swap $2000 worth of tokens wtf (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#41995032) |
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Date: February 25th, 2021 12:02 AM Author: Marvelous friendly grandma I cannot stress this enough, it's ridiculous (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#42005502) |
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Date: February 25th, 2021 12:07 AM Author: arousing obsidian chapel useless brakes The chain is literally unusable right now If 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) |
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Date: February 25th, 2021 12:30 AM Author: Self-centered cuckold 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) |
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Date: February 25th, 2021 1:19 AM Author: Spectacular people who are hurt house 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. |
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Date: March 13th, 2021 10:28 PM Author: Marvelous friendly grandma This more than anything has convinced me SOL is the way and ETH is straight up faggot dogshit garbage. Every time I want to buy some SOL or SOL-based tokens I have to deposit money to Coinbase, convert to USDC, transfer to Metamask ($50-$100 ETH fees and have to wait 10 minutes), then convert it into SOL version of USDC to move it into my SOL wallet (another $50-$100 ETH gas fees and wait another 10 minutes), then once it is in the SOL system, the fees are tiny and transfers take a few seconds.
What I want to know is, if ETH dies, do all ETH DeFi tokens become worthless? Or is it possible for them to move to SOL or DOT or other blockchains and keep their value? |
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Date: March 15th, 2021 6:06 PM Author: Beta burgundy shrine sushi is already moving to integrate with SOL. it's possible. (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#42109481) |
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Date: March 15th, 2021 6:55 PM Author: Jet Casino Quadroon Depends on whether the original token bridges over to the new chain or not.
E.g. aave launches on BSC. It could used bridged versions of the original token (like you can bridge usdc over to bsc), or they could mint an entirely new token for the bsc version of aave.
First scenario, the tokens potentially increase in value because the same finite amount is now spread over two blockchains. Second scenario, the original tokens go the way of ETH . . .if nobody is using the ETH version of aave and uses the bsc version with the new tokens, those old tokens arent worth much |
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Date: March 15th, 2021 7:33 PM Author: Marvelous friendly grandma right (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#42110018) |
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Date: March 15th, 2021 5:18 PM Author: Marvelous friendly grandma (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#42109204) |
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Date: March 15th, 2021 6:24 PM Author: Khaki office they got cocky as fuck in 2017, got blown the fuck out in 2018, and then just fucked around for a few years. they deserve everything thats cummin for them (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#42109594) |
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Date: March 15th, 2021 7:16 PM Author: Chocolate Area I will gladly watch them gradually die.
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Date: August 20th, 2021 10:40 PM Author: Marvelous friendly grandma (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#42984095) |
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Date: August 20th, 2021 11:35 PM Author: Khaki office (http://www.autoadmit.com/thread.php?thread_id=4772499&forum_id=2#42984280) |