[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 408 KB, 1600x1200, 5f0dc6dcc12e961aa1146182_eth-gas.jpg [View same] [iqdb] [saucenao] [google]
28605913 No.28605913 [Reply] [Original]

>$100+ fees
>$206 billion market cap

Explain how this isn't a bubble

>> No.28606079

Because there is like 10 rollup projects deploying right now and at least one project for instant transfers between them.

>> No.28606208

>>28605913
IDK why people think alt season is coming for their dex shitcoins when gas is 150$ and normies see that when they click buy

>> No.28606261
File: 506 KB, 902x720, 9nj1-8bANM1vvFun.webm [View same] [iqdb] [saucenao] [google]
28606261

>>28605913
>I'll wait until fees will go down then I will buy
ngmi

>> No.28606317

>>28606261
>DAT REDDIT

>> No.28606365

>>28605913
100+ fees only on fucking uniswap
bought some ether yesterday and gas fee to transfer to my wallet was 130gwei which is <5$

>> No.28606388

>$500 gas fees
>first bridge fails
>price tanks

There will be no alt season this year. Whales are flowing money from btc to alts, but there is no new money coming to them, only to bitcoin.

>> No.28606415

Look up EIP 1559 wagmi

>> No.28606450

>>28606261
>obscure app nobody is using
>thinking the normies will use it to buy his bags
ngmi

>> No.28606728

>>28605913
>"ETH isnt money, ETH isnt digital gold, ETH is digital oil"
>"ETHs only use case is paying for smart contracts and that can be done for literally cents worth of ETH"
>inb4 gas prices moon harder than numbers on a scale when OP steps on
>ETH coin has multiple times more use than it has ever before
>"gas prices are too high, ETH shouldnt be worth that much"
nog, are you now backing off from the shit all y'all maxis been parroting for years? Is ETH suddenly not digital oil anymore?

>> No.28606874
File: 32 KB, 596x643, file.png [View same] [iqdb] [saucenao] [google]
28606874

Where does the gas fee even go?

>> No.28607076

>>28606874
China

>> No.28607092
File: 3.28 MB, 635x640, 1592646727564.gif [View same] [iqdb] [saucenao] [google]
28607092

>>28605913
It is a bubble, but not because of the gas fees. 2.0 will be proof of stake not proof of work. Shit'll deflate but all these rando shitcoins will probably start taking off. ETH'll practically be it's own stock broker exchange, and these DeFi solutions and projects will be the company shares you get to buy up from'em. Shit's gonna boom in regards to that.