"People who have invested on ETH soon will be poor", said CZ #BSC

[lixer]

Once they realize later development is still on ETH 2.0, they will move back. Like you said, defi will die.

ETH 2.0 is promising to resolve the issue and DeFi death call is a good contributor.

Defi will not die, that is not even remotely possible anymore, it is in there and will not go away, this is not like ICO or something where coins are created and sold by the teams with a promise of being higher. Sure there are some stuff like that in defi world as well, many projects that just copy other projects and try to make some money from it as well, but the reality is that many only care about the real projects that people use. How are you going to kill uniswap? Pancakeswap? And many other swaps like that?

Those are good and used because you can trade coins from one place to another, and that is why it will not be going away anytime soon. There is nothing we should be worried about in the defi world because it is not only created but also used a lot, the way it is used is the main reason why it will not be going away anywhere any time soon.

[justdimin]

ETH version 2 aka ETH. 2.0 will be launched their final phase around in the end 2021 or early 2022
https://cointelegraph.com/news/when-will-ethereum-2-0-fully-launch-roadmap-promises-speed-but-history-says-otherwise

Time to move on to Binance Smart Chain, shall we?
#BSC

I agree that BNB is looking better and BSC looks better than ERC20 right now, so CZ is right that his product is becoming better and better than ETH and will pass that one day if you ask me as well. However that doesn't mean that ETH will be bad.

The logic is that if people pay too much and they are not comfortable with that it would mean that we are going to end up with ETH at zero, it just means that people will stop paying that much eventually, people can only pay what they can pay and if people can't pay this, that means they will not be able to pay this high prices so the transaction fee will have to go down by force, people are capable of paying it and fine with it and that is why it goes up, if nobody paid for transactions at this price and everyone started paying under 10 gwei, you would see how it would drop but right now there is a lot of attention hence why it's expensive.

[blockman]

I was also disappointed with the Ethereum network which has very high gas fees, but the way CZ promotes BSC is not very good. I believe CZ
the smart guy with his success made Binance the number one exchange, and made the price of BNB go up quite significantly this year.
But writing tweets dropping Ethereum is not a good thing to do, there are still many creative ways that CZ can use to make ETH users switch
to using BSC without having to vilify Ethereum.

He's smart and that's why he's advertising in that way. BSC is going to be the next big thing based on his mindset since he owns the protocol and network.
But it's not too late for Ethereum devs to fix what they have to fix and that's about to happen very soon.