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Author Topic: [2018-07-18] ‘Wow’: Ethereum Fees Higher Than Bitcoin’s For First Time Ever  (Read 126 times)
figmentofmyass
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July 19, 2018, 09:48:28 PM
 #21

It's just momentum. It's more important that Ethereum looks too centralized than Bitcoin. And this centralization may at long last lead that SEC may change its stance and may start considering ETH as a security. And it'll be epic game!

the SEC didn't wait years to state ETH is not a security, only to flip on that later. not gonna happen. anyway, this isn't a game/competition. any coin being deemed a security is bad for all parties involved.

ETH should take it as a compliment and get to work addressing it.

it's in worse shape than BTC (scale-wise) but we're both in the inefficient "linear scaling" boat.

It was Bitcoin's time to shine and altcoins are nothing more than parasites thriving on its prey.

i mostly view altcoins as a way to generate bitcoins. however, i think "parasite" is the wrong way to think of them. actually, the relationship is quite symbiotic.

the vast majority of altcoin volume is in alt/BTC markets: all that BTC liquidity could be BTC supply pushing the BTC/fiat markets down. if altcoins didn't exist, there would be a lot more BTC supply pushing the price down. by removing liquidity, altcoin markets remove BTC supply and therefore increase BTC price.

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July 20, 2018, 01:07:59 AM
 #22

Expect a lot more traders shofting there funds from ETH to mostly BTC.

Nah. Most people using Ethereum right now are noobs and airdrop chasers -- they will pay the high fees because the rewards are much higher than that. Only when the fees become so high that they eat up all their rewards people will start to ignore it. Altcoins went down because there was no reason for them to increase anyway. It was Bitcoin's time to shine and altcoins are nothing more than parasites thriving on its prey. They don't deserve to increase in value because there haven't been any positive developments. Ethereum in my book is still extremely overvalued. I can't wait for EOS to suck life out of Ethereum....

EOS will suck the life out of Ethereum when Dan starts selling its billions held in ETH in Bitfinex for USDT and bitcoin, while pumping EOS at the same time. It was only a few weeks ago when EOS have sent all of their ETH to the exchange and left only 100,000 in one of their wallets.

In any case, Dan Larimer is ready to dance hehehe.

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July 20, 2018, 07:29:29 PM
 #23

don't worry,with the increased amount of transactions and a price rise
bitcoin transaction fees are going to take that away from etherium very soon
but gas prices are getting way too high,this way ETH may lose some of its gambling clientelle
who were choosing etherium over bitcoin due to the fastest and cheap transactions

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