/biz/ - Business & Finance

[Anonymous No.26564569]

Ethereum gas fees are too fucking high.

[Anonymous No.26564591]

>>26564569
THATS WHY YOU BUY ADA, ALGO & DOT
1 trillion combined market cap by EOY, this is not a drill

[Anonymous No.26564683]

>>26564591
Lol. The higher the fees are on ethereum the less shit-chains will be used. You don't know how any of this work, do you?

[Anonymous No.26564687]

>>26564591

go fuck yourself with your rubic like shitcoin

[Anonymous No.26564699]

>>26564683
you are unironically going to be very surprised by 2021

[Anonymous No.26564706]

>>26564569

[Anonymous No.26564726]

>>26564569

Stop swinging noob

[Anonymous No.26564747]

>>26564683
> "the more expensive it is to use Ethereum, the more people will use it"
> "scalable chains won't be used when there is a way to lose $50 per transaction on Ethereum"

absolute fucking retard

[Anonymous No.26564752]

>>26564683
>>26564687
you will be so salty at the end of 2021. ADA,DOT and superior in all ways except of the first mover

[Anonymous No.26564771]

>>26564683
just you pay such fees to chines miners , good luck with that you idiot.

[Anonymous No.26564778]

I'm all in on ETH, should I worry bros?

[Anonymous No.26564783]

>>26564569
Just as intended

[Anonymous No.26564800]

>>26564569
Shame, isnt it

[Anonymous No.26564818]

>>26564783
Forgot the image

[Anonymous No.26564825]

>>26564778
lol, everybody that is all in in one coins should be worried. buy some ADA and DOT and LINK. now it is a nice dip.

[Anonymous No.26564828]

>>26564778
some retard suggesting to swap to links in 3...2...1...

[Anonymous No.26564865]

>>26564825
some many retards buying DOT when ALGO is going to silently x3 over the next month top kek

[Anonymous No.26564876]

>>26564569
why aren't you in RDN then?

[Anonymous No.26564916]

>>26564747
The facts speak for themselves. Please compare usage of chains and see what happens when gas prices go up.

Is everyone here new?

[Anonymous No.26564934]

[Anonymous No.26564948]

>>26564569
Fantom solves this issue.

[Anonymous No.26564983]

>>26564683
Stfu pea brain. The only way the Etherium mainnet works is if ETH is priced under $100 where it belongs.

Binance Smart Chain, Cardano main net, Polkadot swaps, and other zero fee networks will decimate it this year. Hope you're not holding a position on ETH or staking

[Anonymous No.26564990]

>>26564865
and DOT will go up much more, if you chase the pumps you will lose, you buy a coin with good fundamentals and a coin that are people excited about and you wait for the pump to come to you.

[Anonymous No.26565081]

>>26564916
you dont get the point!!! people use it because there are no alternatives, BUT alternatives are coming THIS YEAR!!! way cheaper alternatives, and ETH is hard to adopt because it way build the wrong way. you first make strong foundations, and then build the skyscraper, ETH is a skyscraper build on shitty foundations

[Anonymous No.26565092]

>>26564569
So use cex, or l2 dex
But you cant can you because all that sweet shitcoins you want are not on cex or l2 dex
So pay up or stfu
>>26564699
>>26564591
>>26564747
>>26564865
Newfag detected

[Anonymous No.26565117]

>>26564916
>usage rises when gas rises
m8 are you retarded, it's the other way around

[Anonymous No.26565144]

>>26564569
it's 72 gwei for a fast tx, which is pretty decent compared to last months. if you would have been all in ETH as you should then the fee increase in fiat shouldn't bother you.

[Anonymous No.26565240]

>>26565117
he can only be larping as a retard. I just can't believe some people are that retarded.

[Anonymous No.26565284]

>>26565081
Basically ETH is like my relationship with my gf.

[Anonymous No.26565285]

>>26565081
You sound desperate as hell. I hope your shitcoin bags will pump.

[Anonymous No.26565315]

>>26564706
Noooooo i made a x3 not the gasferinos!

[Anonymous No.26565352]

>>26564916
Yes 98% of users are new here and reek on overinvested lunch money, shit they are throwing money on ada,algo,dot and shit same way they did on txz,oes and trx in 2017/2018...
>>26564983
>>26565081
case in point
>ETH is hard to adopt because it way build the wrong way. you first make strong foundations, and then build the skyscraper, ETH is a skyscraper build on shitty foundations

You literally have no idea how blockchains work do you lol?

[Anonymous No.26565452]

ETH will remain #1 forever because of sunk cost and mad cow effect, same reason why BTC is still #2. None of the new "eth killer" shitworks will be alive by the end of the year.

[Anonymous No.26565542]

>>26565352
you dont know how they work. and you dont know how code works. the change from POW to POS will be hard for ETH because it is so big. if you cant see this you are blind and dont know shit about coding and implementations. and this implementations may take years, and if you make a mistake MILLIONS will be lost. not to say the risk of miners attacking the network before they leave .

[Anonymous No.26565648]

>>26565452
if you believe that you can compare ETH with BTC, the digital gold, when it's an infrastructure to run smart contracts, and that it will stay on top like BTC did with no challengers, you are mistaken.

Can you even understand how many more usecases, layer 1 dexes can be built on Cardano or Algorand? Can you understand that Layer 2 are solving a problem by creating another one? No you don't get it.

Infrastructures are competing. Bitcoin isn't about tech, maxis understood that

[Anonymous No.26565690]

>>26564569
creg's rupee doesn't have this prooblem.

[Anonymous No.26566047]

>>26564983
>Stfu pea brain. The only way the Etherium mainnet works is if ETH is priced under $100 where it belongs.
asset price borderline irrelevant when it comes to fees you mong

gj calling people pea brain when you are this dumb

>other chains
you realize other chains are only fast because they have no users or make huge tradeoffs? you people are crypto illiterate

[Anonymous No.26566148]

>>26565542
Yes thats it thats how it works:
>30 billions in defi
leaves eth for new chain because it haves better foundation, than it stays on YOUR new chain because there is no better foundation than your pick forever, because time and development are not a thing, thats exacly how software development works
Also you can bet your sweet ass your 0 users secured by 320$ of fees/day chain will have less bugs and problems because after launch it will be perfect because good fondation bro, thats exacly how software development works
Also them 30 billions gives 0 fucks about beeingsecured by battle tested for 8 years protocol and secured my milions of fees/day they are running to your chain moment it lauches because dude its better fondation

>>26565542
>and you dont know how code works
Im senior dev I on biz since 2016 and i can literally smell newfags that got portfolios in few "next eth" shitcoins same way i did 2017 when they did "better bitcoin" dance lol
You reek on one

[pajeet No.26566175]

>>26564569
stop using uniswap, you will find its uniswap fees that are too high lol

[Anonymous No.26566181]

>>26565081
Ever heard of L2?

[Anonymous No.26566198]

>>26566047
>you realize other chains are only fast because they have no users or make huge tradeoffs? you people are crypto illiterate
No bro it is "THE TECH" hahahahaha

[Anonymous No.26566281]

>>26566181
there are so many problems coming with the use of L2, it impacts a lot of use case. Believe me or not, I'm in a company building a decentralized platform and using a L2 creates too many problems for us, we are actually looking at Algorand, Fantom or Cardano to build the backend.

Don't you understand we don't give a fuck about Ethereum? Smart contract infrastructure security and costs is all that matters. Don't you understand that?

[Anonymous No.26566313]

>>26566281
this is the most blatant larp I have ever read

[Anonymous No.26566330]

buy ENOL, refunds gas fees

[Anonymous No.26566426]

>>26566148
>haves
lol

[Anonymous No.26566443]

>>26564569
dhedge helps solve this

[Anonymous No.26566468]

>>26566313
We investigated the use of SKALE Layer 2, it looked nice but you don't realize how many problems it creates, for user adoption, to have to make token bridges between the L1 and L2. Also can't make services payable in ETH when using Layer 2. Can't have Layer 1 DAO and Layer 2 services without having a fucked up frontend. There are use cases that work well on a Layer 2 (DEXes like Loopring), but look I'm not even bullshitting here, all I said are facts.

A good layer 1 with composability, scalability & security is all that matters. Do you think dapps/companies aren't going to be profitable using Cardano or other main net as Layer 1? Do you think their users will leave their smooth UX platform (with fast & cheap interactions) because they want Ethereum as a backend?

You don't live in reality, and you fucking hope that I'm larping

[Anonymous No.26566495]

>Lots of people using Ethereum
>Gas fees increase
>People stop using Ethereum because of high gas and go to competitors
>Fewer people using Ethereum so gas fees fall
>People come back to Ethereum because it's where everything is already built
>Repeat
Not saying that competitors don't have their place, but I don't see any of them taking Ethereum's crown any time soon.

[Anonymous No.26566518]

>>26566495
won't take Ethereum crown, but they will all x30

[Anonymous No.26566600]

>>26564569
EIP1559 is right around the corner nigga

>>26564591
literally nothing is developed in the ADA blockchain

[Anonymous No.26566629]

>>26566600
literally, 200 companies are building on Algorand, probably more are waiting to build on Cardano. People are building on Polkadot.

Are you delusional?

[Anonymous No.26566690]

>>26566629
>are building
how much value is locked in those chains now?

[Anonymous No.26566713]

>>26566468
>I care about user adoption
>I will build my platform on a ghost chain with no interoperability
>token bridges are a problem
>forcing users to use a ghost chain isn't
>cardano is scalable
>not realizing cardano will have the exact same problems ETH has
>not realizing cardano doesn't even have smart contracts yet
>not realizing the research effort in the ETH ecosystem dwarfs every other chain combined
your company will be succesful

[Anonymous No.26566766]

>>26566713
> fud
> fud
> fud
> fud

Dude you literally are a retard. Don't even understand who you think you are convincing rn.

[Anonymous No.26566853]

I dont see a problem with this anon. 30$ fees basically price out all pajeets and 2nd world peasants, so we the rich boys are the only ones able to benefit from the DeFi boom and further extend our privilege

[Anonymous No.26566874]

This thread gives me the vibes of how retards in 13 were saying how litecoins and other shitcoins will decimate bitcoin because of how "superior" they were

[Anonymous No.26566878]

>>26566766
>All fud bro buy my shitcoin everyone in lines to use it after it goes live and it will be so fast so decentralised it will melt your face of bro, pls just buy my shitcoin

[Anonymous No.26566954]

>>26566878
> so fast so decentralised it will melt your face of bro
> don't understand how attractive is going to be Uniswap on ADA/ALGO
> is in denial

[Anonymous No.26567003]

>>26566874
They just wanted to dump on you. No hard feefees

[Anonymous No.26567030]

>>26566766
people will build where people are, because otherwise they have no users

when L2 solutions mature the token bridges will matter less and less, because they'll be interoperable and massive in scale

you can kick the scalability can down the road by building on whatever meme chain, but ultimately the big scalability gains will happen in ETH before anywhere else, and you'll come crawling back because no one will have adopted any alternate chains

[Anonymous No.26567074]

wow, who told you about these alts? This is shit man, don’t believe those dumbs
if you wanna get income use your IQ and follow yield farming
I participated in metalex and they made a new system, a guarantee of 300% apy

[Anonymous No.26567115]

>>26567030
> you can kick the scalability can down the road by building on whatever meme chain, but ultimately the big scalability gains will happen in ETH before anywhere else

But it's simply not true

[Anonymous No.26567180]

>>26567115
But it simply is, unless you accept centralization tradeoffs

[Anonymous No.26567195]

>>26566713
>not realizing the research effort in the ETH ecosystem dwarfs every other chain combined

I mean truth to be told noone cares or knows how gigantual and multi sided effor went in so many aspects of eth reaserch
It also is open and transparent multy client side on 1,2 and daap level so everyone can see dead ends (plasma,ln?) and shortcomings and fallbacks

So every cycle will have next eth killers and poorfags pouring money in its jsut so much easyer to promise shit while you trade security or will have same problems in the end
But 2017 eth killers pumped hard and so will new one as long as inflow of fresh blood and dumb money comming in so its not bad bet to buy them
Whats annoying are this "next tech bro" shills that threw 10k at casino but I take comfort in fact they will be "community members" by 2023

[Anonymous No.26567280]

>>26566954
>don't understand how attractive is going to be Uniswap on ADA/ALGO
KEK yes tahts how it works you jsut build uniswap on your ghostchain wonder how anyone tried that
Or you build EthErEuM BrIdGe lol

[Anonymous No.26567285]

>>26567180
there are no tradeoffs, you are talking meme.
Algorand, Cardano are not fucking shit Tron & Eos. You don't even want to read into the tech because you don't want to accept there can't be any maximalist view of smart contracts platform

[Anonymous No.26567318]

>>26567285
>there are no tradeoffs
it was at this moment I knew you were a full-blown idiot

[Anonymous No.26567406]

>>26567285
>there are no tradeoffs in my shitcoins

Shit son

[Anonymous No.26567492]

>>26567318
>>26567406

see you when ALGO is >30b marketcap. Already the CBDC platform. Enjoy being retards ETH maximalists. probably worst than BTC maxis. You wish I was a newfag, btw DCAed in ETH in 2016 at ~$9, went out after a x150 profit overall, now in ADA and ALGO. Comfy AF. Thanks for shilling a platform that won't scale before 2023, while blockchain users did a x3 last year.

[Anonymous No.26567506]

That's why I stopped visiting /biz/
This board is 90% shilling of ERC20 tokens. Some of them have interesting ideas (usually the ones which arent shilled too much), but I cant buy them when the fees are $50 dollars. I'm not going to buy 2000 dollars for a token which might be a rugpull.
For this reason, I've put money which was on ERC20 tokens into AVAX and DOT. I already have a ADA stash as well, so I'm using these three as a hedge against ETH.
ETH price did NOT have that upwards movement eth shills were talking about last month, and that would happened in January after bitcoin doubled its ATH. So its bound to fail long-term. I'm going to start dumping my ETH now in February, to level up with the other three coins I mentioned above.

[Anonymous No.26567508]

Binance smart chain: fast transaction at $0.05
Ethereum: slow transaction at $15
I have not used Ethereum ever since.

[Anonymous No.26567748]

>>26567492
Larping ofc because if you used any of this shit or had any idea how it works you would never do that who gambles real money in dead end shitcoins if he can print 50%+ yelds in safe and decentralsied way?
Also im not shilling anything you are kek i dont think anyone should own eth if he cant use defi desu
I have 580k$ in defi right now and i would gladly use it on cardano or argoland or fucking binance chain if they can provide same infrastructure/tools/security so im no maxi im realist...

Keep praying your sub 10k shitcoins stack grows bro we can smell curry here

[Anonymous No.26567790]

>>26564569
rubic gas fees smaller

[Anonymous No.26567929]

>>26567492
>some random spinoff project somehow broke the key to scalable crypto before anyone else for the 1000th time
>this time will be different!!!
sure hope you hate money when this is your investment rationale

[Anonymous No.26567970]

>>26565648
Eth 2 will solve all those issues and people won't have to migrate everything to an entirely new and less secure network.

[Anonymous No.26568013]

Optimism/AVAX bridge until sharding will be implemented, This is the only way i see it short term unless developers are willingly move to inferior centralized chains like Polkadot/Cosmos etc.

[Anonymous No.26568627]

>>26564591

Why do people use Ethereum instead of ADA, ALGO & DOT even though it is so expensive? What does Ethereum have that the other chains don't?

[Anoniem No.26568676]

>>26564569
That's why we need Radix

[Anonymous No.26568822]

>>26568627
Ethereum is the platform where 95-99% of all dapps are built. All other platform are ghost chains. All fucking shit and speculative. You can talk about transaction per second but does your platform really need that much transactions per second considering that there is little to no projects being built on them at all? Fucking ghost chains. All these talk about polkadot parachains. Everyone is saying that they are going to built on polkadot but still they build on ethereum first. Once they realise that polkadot is centralised af, they will remain on ethereum. Good luck faggots, keep selling your eth cheap while institutions gobble them up. Ethereum is the only platform that has been battle tested. As for gas fees, eth 2.0 will solve them but I think it will only be implemented in the next 2 years. The current gas fees you’re looking at that is pretty expensive is because of the contract interaction. Hopefully, uniswap v3 solves this issue with their L2 solution. And when uniswap v3 comes out, sushi swap will copypasta its code. Always believe in the first market movers.

[Anonymous No.26568983]

We all agree ETH fees are too high. So what you can do is switch to a platform with low gas fees and that might even scale but that doesn't have true atomic composability (e.g. Polkadot, Avalanche/Avax, Algorand, Elrond and so on...), OR you can choose a platform that has low fees AND scalability AND true atomic composability. The only such project is Radix (eXRD). Dyor

[Anonymous No.26569026]

rubic.exchange will have no gas fees

[Anonymous No.26569034]

>>26564569
Why do people even trade this shit?

[Anonymous No.26569073]

>>26568983
>low gas fees
>Radix
kek nice - will do

[Anonymous No.26569085]

ZERO exchange on the AVAX is the future of defi transacgions with zero gas fees and it's only weeks away. Hang in there

[Anonymous No.26569254]

>>26568822
> 95-99% of all dapps are built on Ethereum
Dude what are the actual dapps on Ethereum? Uniswap? $20-100 fees, yes very usable.
Cryptokitties? DeFi yield farming shitcoins? Tell me a single usecase that is not just an ERC20 token? Any mass adoption usecase is impossible.
> talk about transaction per second but does your platform really need that much transactions per second
Most usecase requires low latency, fast finalty and high tps, yes.
Algorand/Cardano have atomic composability and built-in swaps, it has everything Ethereum offers, including security and decentralization.
Do you think we are going to wait 2023 to use smart contracts? Do you think people aren't going to use scalable and smooth dapps because the underlying asset is not built on Ethereum? that's ridiculous. People are flocking to crypto, fees are showing that. The actual demand for scalable platforms is accelerating and Ethereum will naturally lose market shares.

[Anonymous No.26569352]

>>26564569
Jews like it this way

[Anonymous No.26569363]

>>26564569
Whoever solves this with the highest adoption is the next 10,000x.

[Anonymous No.26569645]

>>26568676
>>26568983
Bingo, ignoring radix is stupid at this point everyone complains about the gas fees but when a solution like radix comes along everyone ignores it

[Anonymous No.26569683]

>>26564569

[Anonymous No.26569826]

If ETH solved this issue it would be at 5k already

[Anoniem No.26569958]

>>26569645
Maybe for now. But in a few months they can´t anymore :-)