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Author Topic: Vitalik Buterin suggests a new fixed fee model for ethereum transactions  (Read 125 times)
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August 28, 2018, 06:07:53 PM

I do not know either it is good or it is bad for investors. I know he is a founder and a prominent person but we must understand that everybody can make mistakes so I consider that we should be more careful on investing in ETH in the near future. ETH has become a dangerous asset. I want to get to know how minners pertain to the new Vitalik's intention. I will observe ETH and it is interestin for me how investors and traders will react on his intention.

This is the problem nowadays with 99% of the people talking about cryptos.

All you care about are "investors", forget about the coin, forget what it was supposed to do, forget transactions, and fees and utility. All that is needed are "investors" who should buy the coin to make the price go up.

You mean to say the only decentralised model which we created so that we can have lower fees and faster transactions will now have the restrictions of choosing the fees and speed of the transactions?

Isn't that is the worst case scenario that this teen ager has put up because I am sensing the bad publicity of ETH is on the way. The fees is what people are tired about and being here it looks like they will make it centralised, as you have no freedom choose the fees ? And additionally wait for the block which will have the lower fees ? Lolz!!

The problem is the not so much content of the current proposal...the problem is that if this is the first proposal from many that will come  ETH has said goodbye to decentralization, Vitalik says, ETH does. If he will impose fixed txs or he will only allow them to scale up and down by a formula he thinks is right, he will surely not stop here.

Once you open the box, things will turn ugly pretty fast

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