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Author Topic: Why do people put up with congestion on Ethereum when they can use Waves?  (Read 115 times)
MHopkins (OP)
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May 03, 2018, 11:50:55 AM
 #1

I had to move some crypto around, between exchanges.

I normally use Waves between Binance and Bittrex and Litecoin every now and again. Obviously I don't use BTC due to the extortionate fees.

With Waves, since last December and the NG activation, I have found that payments are effectively instantaneous. Litecoin was OK but I had to wait a while for confirmation.

Last week, I tried Ethereum. I found the whole thing with Tx fees and 'gas' totally confusing - I put in what I thought was the right fee and the blockchain kept rejecting it. Eventually I put in a much bigger fee and it accepted the transaction. Felt like a total rip off.
However, the transaction itself took HOURS and HOURS.

WTF? Why do people rave and hype Eth so much? Is it just newbies, proud that they know about a crypto that isn't BTC?
paxmao
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May 03, 2018, 11:55:13 AM
 #2

One main reason is that WAVES is failing to build solid projects on the platform, that otherwise is a good one, quick, cheap, etc... But value is not only about technical considerations, but about community and projects.

J1mb0
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May 03, 2018, 11:59:03 AM
 #3

Last week, I tried Ethereum. I found the whole thing with Tx fees and 'gas' totally confusing - I put in what I thought was the right fee and the blockchain kept rejecting it. Eventually I put in a much bigger fee and it accepted the transaction. Felt like a total rip off.
However, the transaction itself took HOURS and HOURS.

I feel your pain.

I used to use Ethereum, in another life, brother.

I must have followed a similar path - Litecoin for moving around and fiat gateways, Waves for managing, storing my stash and Waves DEX trading for fun and profit!  Grin


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MHopkins (OP)
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May 03, 2018, 12:17:29 PM
 #4

One main reason is that WAVES is failing to build solid projects on the platform, that otherwise is a good one, quick, cheap, etc... But value is not only about technical considerations, but about community and projects.

Really? Most ERC20 projects I have heard of are purely hyped vapour. Many just used contract to create token to extract money from people sucked into ICOs - nothing 'solid' at all.

Many claim to be disrupting this, that or the other Industry - but, really, if by some remote chance one of these did actually achieve the goals they hyped at ICO time or on their cut & paste template websites, the Ethereum platform just wouldn't cope. Hell! It couldn't cope with my occasional use!

On the other hand - I have come across some people, not into crypto and only heard of Bitcoin (but don't know what it is), that have heard of, or use  RewardMob. Another gal, from Oz, who had heard of Incent, hadn't even heard of Waves.  Shocked
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May 03, 2018, 12:47:57 PM
 #5

because majority of people around here who are so vocal about ethereum don't even use it. they only have a wallet on MEW in which they receive ICO crap which they waste their lives trying to dump. and most of them only keep their coins on exchanges so that they can dump as soon as it recovered and their losses were covered.
it is just the hype and the dream of making money from its pumps, nothing more.

Holding Bitcoin More Every Day
OluwaTosin10
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May 03, 2018, 12:55:20 PM
 #6

I had to move some crypto around, between exchanges.

I normally use Waves between Binance and Bittrex and Litecoin every now and again. Obviously I don't use BTC due to the extortionate fees.

With Waves, since last December and the NG activation, I have found that payments are effectively instantaneous. Litecoin was OK but I had to wait a while for confirmation.

Last week, I tried Ethereum. I found the whole thing with Tx fees and 'gas' totally confusing - I put in what I thought was the right fee and the blockchain kept rejecting it. Eventually I put in a much bigger fee and it accepted the transaction. Felt like a total rip off.
However, the transaction itself took HOURS and HOURS.

WTF? Why do people rave and hype Eth so much? Is it just newbies, proud that they know about a crypto that isn't BTC?


Its must have been annoying, i realised similar trends and swapped to waves.
i moved my btc, litecoin, zcash all to waves, i moved my etherum also to waves.

Then am at liberty to transfer out my coins at a very low cost, wow, i savor that alot.

You need not worry, you just have to find the right balance between Waves and Etherum
glerant
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May 03, 2018, 02:01:46 PM
 #7

I had to move some crypto around, between exchanges.

I normally use Waves between Binance and Bittrex and Litecoin every now and again. Obviously I don't use BTC due to the extortionate fees.

With Waves, since last December and the NG activation, I have found that payments are effectively instantaneous. Litecoin was OK but I had to wait a while for confirmation.

Last week, I tried Ethereum. I found the whole thing with Tx fees and 'gas' totally confusing - I put in what I thought was the right fee and the blockchain kept rejecting it. Eventually I put in a much bigger fee and it accepted the transaction. Felt like a total rip off.
However, the transaction itself took HOURS and HOURS.

WTF? Why do people rave and hype Eth so much? Is it just newbies, proud that they know about a crypto that isn't BTC?


Its must have been annoying, i realised similar trends and swapped to waves.
i moved my btc, litecoin, zcash all to waves, i moved my etherum also to waves.

Then am at liberty to transfer out my coins at a very low cost, wow, i savor that alot.

You need not worry, you just have to find the right balance between Waves and Etherum

Indeed. I have used many, many coins and platforms and I find Waves is best for day to day crypto management, trading and other things.
jfederkins
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June 11, 2018, 09:25:00 AM
 #8

It’s a simple question. Because people can rely on ETH’s value and be confident in their incomes.
Fahim
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June 11, 2018, 02:01:51 PM
 #9

I very often use KuCoin. I often use NEO to withdraw in a wallet in the long term.
Between other exchanges I most often use Ether. Just trying to move not small amounts of Ethereum, the commission is justified. I know that Ripple is more profitable for this. But I'm used to Ether. I don't transfer money very often, that's why it's convenient for me.
Wabri
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June 11, 2018, 02:16:40 PM
 #10

Nowadays a big part of the new ICOs are based on Ethereum and that means that people buy Ethereum to buy tokens. There are other platform like NEO, but the new projects are very limited. The same is also valid for WAVES platform. For now I know that Tradingene is holding their ICO on the WAVES platform.
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June 11, 2018, 03:02:51 PM
 #11

Very good question. Personally, I just invested in Ethereum in the long term and expect it to grow. But I also think that the Ethereum is still quite convenient, although it is not without sins.

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June 11, 2018, 03:44:00 PM
 #12

I had to move some crypto around, between exchanges.

I normally use Waves between Binance and Bittrex and Litecoin every now and again. Obviously I don't use BTC due to the extortionate fees.

With Waves, since last December and the NG activation, I have found that payments are effectively instantaneous. Litecoin was OK but I had to wait a while for confirmation.

Last week, I tried Ethereum. I found the whole thing with Tx fees and 'gas' totally confusing - I put in what I thought was the right fee and the blockchain kept rejecting it. Eventually I put in a much bigger fee and it accepted the transaction. Felt like a total rip off.
However, the transaction itself took HOURS and HOURS.

WTF? Why do people rave and hype Eth so much? Is it just newbies, proud that they know about a crypto that isn't BTC?

if they are converting it to the waves and there is a possibility to lost more due to the volatility and i think that the majority of people are felling better to send them directly through use ethereum chain.
Remember waves is no available in so many exchange sites. It can become another problem too.

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bit-freedom
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June 11, 2018, 04:03:26 PM
 #13

No offence, but reason why I am using waves lesser than ETH is because there aren’t much development in waves. I can’t stake waves and there aren’t any interesting projects I like to invest in the waves platform.
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