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Author Topic: Is Ethereum going to Die?  (Read 16243 times)
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November 30, 2020, 09:29:12 AM
 #201

I am a long term supporter  of Ethereum and  know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

Ethereum developers are actually creating a great job since they actually developed another thing that is called DeFi or Decentralized Finance which is actually a booming platform right now. Some Alternate Cryptocurrencies are utilizing Ethereum's property to create this kinds of projects but its truly alarming because of the high fees that Ethereum have. However, we really cannot see Ethereum losing its value since its Bitcoin's number two and some Alternate Cryptocurrency already branched for ETH so it would be impossible for it to die.

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November 30, 2020, 09:42:51 AM
 #202

I am a long term supporter  of Ethereum and  know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.
If high gas fee can kill a crypto project Ethereum should be dead right now because in 2017 Eth users spend up to 40$ or more for a single transaction fee, that haven't happened this year and you are already complaining? Gas fee can't kill a project like Ethereum because it has a very special utility that's well adopted by users and devs

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November 30, 2020, 10:26:31 AM
 #203

everyone is waiting for eth 2.0 so that the cost of GAS will be cheap, this is what everyone expects. Personally, every time I swap at Uniswap, I have to wait for low GAS costs so that I don't pay so much.
Yes, ETH 2.0 update will bring ETH to be better and I am sure ETH will not die because so many investors support it, not only that ETH network is very much needed by new projects, so there is no need to worry about ETH will die.

But what if Ethereum 2.0 update does not improve gas situation? Who will win if the gas price goes down - traders. But who will lose with low gas fee - miners. Will miners be happy to keep their hardware working for a lower payment? No. How they will compensate their losses? I think with creating longer confirmation time. Imho this will cause devs and users to switch to other blockchains. Like Tron or Stellar. They have lower fees and are more faster then Ethereum. I don't think that Ethereum will die, but with 2.0 release nothing will change much.


Obviously, because ETH is a token that no one doubts, even before...

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November 30, 2020, 02:56:59 PM
 #204

The only possibility this could come true i think it was ETH network keeping expensive gas fees and congesting all the time,and that is the sign that ETH going to die i deem.
But the reality is,high gas fees and congestiong only just temporary.
And BNB,EOS,DOT take ETH‘s place,at leat for now i do not see any indication.

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November 30, 2020, 06:32:05 PM
 #205

we don't know what lies ahead. however, the fact is that ethereum is still the best altcoin to date. to be honest I am also a long-term supporter of ethereum, and believe in its development. large fees also occur because of so many transactions, and this is also the case with bitcoin. however, I still believe that ethereum will maintain its current position.

For the past two years, I have seen many posts like Ethereum will die, since then it has gained grounds and become stronger and stronger. As it is the best network for creating smart contracts, so many other cryptos have also been using ethereum platform and most of other projects have been using Ethereum blockchain for launching ICOs. This year has been all about DeFi (open finance) and its revolutionary potential to reshape finance, so Ethereum has become even more important, as DeFi is using Ethereum blockchain.

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November 30, 2020, 06:47:44 PM
 #206

after 2.0 ethereum price will rise 0.1 btc slowly.
in 3 or 4 year, with the limitless supply of ethereum, eth market value will pass btcs market value

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November 30, 2020, 07:50:33 PM
 #207

I am a long term supporter  of Ethereum and  know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

strange, you said you are a long term supporter of ethereum, but you ask something that you should not asked about ethereum my friend
for me ethereum will stay alive, even a lot of project better than ethereum born, but for sure ethereum will stay become the TOP altcoins in this crypto world
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December 01, 2020, 01:27:41 AM
 #208

I see people complaining about bitcoin fees, I see people complaining about ethereum fees and they are still the strongest currencies in this market.
High fees mean there are many people transacting with these currencies so they aren't going to die. If you think this way there is some benefit on the issue you pointed. Furthermore ethereum has the base protocol for many altcoins projects. It's one of the very few altcoins which have a practical usage, what means its price has a reason besides pure speculation. There is no reason to fear eth investment at this moment.


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December 01, 2020, 01:58:26 AM
 #209

Now that the ethereum 2.0 is approaching it will definitely fix all the problem regarding the unstable and higher gas fee that ethereum blockchain is having right as of the moments. And because of this developments and upgrades it will surely attract a plenty numbers of investors that will create a huge pump on the ethereum market price which is really a good indicator that the platform is continuously progressing.

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December 01, 2020, 02:22:57 AM
 #210

when we talk about only Ethereum as a coin it is not dying, it is following Bitcoin .Now it is trading above 600$ and moving towards about its ATH. yes if we talk about Ethereum network it is paining us with its Gas fee, slow transaction ,transaction failure.If eth overcome all these things then it is always number 2.

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December 01, 2020, 02:31:15 AM
Merited by uneng (1), Imran232 (1)
 #211

I see people complaining about bitcoin fees, I see people complaining about Ethereum fees and they are still the strongest currencies in this market.
High fees mean there are many people transacting with these currencies so they aren't going to die. If you think this way there is some benefit on the issue you pointed. Furthermore ethereum has the base protocol for many altcoins projects. It's one of the very few altcoins which have a practical usage, what means its price has a reason besides pure speculation. There is no reason to fear eth investment at this moment.

Well said. It is true that Ethereum remains the Gold standard for smart contract chains and apps and  has potential to make further gains and even it can hit $800 before the year ends. The issue is there are many competitors  in smart contract Business who offer better service with lower fee so obviously they will share its business. As Investor I strongly believe intrinsic value of Assets based on their potential to grow , so obviously will choose those assets for huge gains in future. Polka dot, ADA are going to give tough time to Ethereum in future.

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December 01, 2020, 05:26:08 AM
 #212

when we talk about only Ethereum as a coin it is not dying, it is following Bitcoin .Now it is trading above 600$ and moving towards about its ATH. yes if we talk about Ethereum network it is paining us with its Gas fee, slow transaction ,transaction failure.If eth overcome all these things then it is always number 2.


IMO ETH 2.0 will overcome all of that problem, but maybe the price will drop after that. Because so many eth staked and Nobody want to make the price higher since no miner reward, dont know, just my opinions

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December 01, 2020, 06:31:27 AM
 #213

Now that the ethereum 2.0 is approaching it will definitely fix all the problem regarding the unstable and higher gas fee that ethereum blockchain is having right as of the moments. And because of this developments and upgrades it will surely attract a plenty numbers of investors that will create a huge pump on the ethereum market price which is really a good indicator that the platform is continuously progressing.

I hope that what you say is a much-awaited reality for all those who are already confused about the current ethereum gas fee. I hope that with the arrival of ethereum 2.0, it will be able to reduce and change what has become a quite complex issue and is detrimental to small participants with ethereum gas fees.

the problem is whether the new system will change the way from ethereum? This is still a question because it seems that ethereum sees too much traffic in ethereum's movements to be used as gas fees to be increased, so when the traffic is reduced, the gas fee becomes small.
We know that ethereum's traffic is currently increasing, but it cannot be a reason for justification.

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December 01, 2020, 07:11:39 AM
 #214

when we talk about only Ethereum as a coin it is not dying, it is following Bitcoin .Now it is trading above 600$ and moving towards about its ATH. yes if we talk about Ethereum network it is paining us with its Gas fee, slow transaction ,transaction failure.If eth overcome all these things then it is always number 2.


IMO ETH 2.0 will overcome all of that problem, but maybe the price will drop after that. Because so many eth staked and Nobody want to make the price higher since no miner reward, dont know, just my opinions
The developers have promised that the upcoming ETH 2.0 will definitely overcome all of the problems and issues to its network, such as high gas fees. Also, Ethereum is one of the top coins in the crypto market next to bitcoin; that is why Ethereum will not die because many projects are using its platform to run and create decentralized applications and enable smart contracts.

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December 01, 2020, 08:00:27 AM
 #215

when we talk about only Ethereum as a coin it is not dying, it is following Bitcoin .Now it is trading above 600$ and moving towards about its ATH. yes if we talk about Ethereum network it is paining us with its Gas fee, slow transaction ,transaction failure.If eth overcome all these things then it is always number 2.


IMO ETH 2.0 will overcome all of that problem, but maybe the price will drop after that. Because so many eth staked and Nobody want to make the price higher since no miner reward, dont know, just my opinions
The developers have promised that the upcoming ETH 2.0 will definitely overcome all of the problems and issues to its network, such as high gas fees. Also, Ethereum is one of the top coins in the crypto market next to bitcoin; that is why Ethereum will not die because many projects are using its platform to run and create decentralized applications and enable smart contracts.

Looking at Ethereum's current performance and transaction value, I think ethereum is still the king of altcoins. There may be some new projects that want to compete with ethereum, but I think it will take a long time for them to win over investors' trust
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December 01, 2020, 04:48:48 PM
 #216

I don't think so this will happen. Today Ethereum 2.0 is launched and I am expecting GAS fee will be reduced and congestion will also be reduced in the coming days. Currently, none of these coins you mentioned in your post is not near to Ethereum value. As we all know ethereum is popular to create smart contracts and that's the plus point for ethereum as compare to others. So ethereum will remain here for long unless a better and reliable technology developed.

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swiftbits
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December 01, 2020, 04:59:30 PM
 #217

The transaction fees are also my concern, we all know it's a normal thing, but that would be bothersome if the value holds a huge percentage on your token value, but Ethereum holds a huge chain of projects, we can expect more projects to join in as they keep on developing their platform. They won't die, clearly.
didzi
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Mocktail - First Semi-Fungible Token On BSC


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December 01, 2020, 05:41:40 PM
 #218

I am a long term supporter  of Ethereum and  know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

do you still support ethereum now ? because if yes, i think you will no ask this question my friend "Is Ethereum going to Die?"
true supporter will always support the project, without wondering what will happend in the future, because they already believe with the project



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SAPG Pre-Sale Live on Uniswap!


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December 01, 2020, 05:54:34 PM
 #219

I've never heard about any crypto project that was killed due to its high gas fee  Sad , Ethereum is the second best digital coin for some reasons, people won't stop using this altcoin because of new smart contract projects like Ethereum, developers will still prefers ERC20 smart contract for new projects probably because it's more easier and more popular? Today Ethereum 2.0 goes live and staking is active so no more worries about high fee

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HEX: Longer pays better


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December 01, 2020, 06:44:28 PM
 #220

Sounds funny anyways. Ethereum will never die and nothing can stop the growth of Ethereum unless crypto market decides to fold today. Ethereum is the king of altcoins same as bitcoin is to all coins so after bitcoin you get Ethereum. Ethereum can only die unless other altcoins wants to die which isn't possible. Price may go low but can't stop Ethereum existence.


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