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Author Topic: Report ETH for SCAM because $80 fees  (Read 784 times)
LogitechMouse
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February 06, 2021, 03:07:44 AM
 #101

I've seen numerous stupid users here on the forum and you are an additional to them Smiley.

Who are you going to accuse with this very high fees?? Vitalik?? His team? The developers??
You have 2 choices, either close your eyes while doing the transaction or find another way to transfer funds. 3rd option is to just wait for it to go down but I doubt that it will happen.

With the emergence of DeFi under the ETH Blockchain, the fees of ETH really surged up. There is nothing we can do about it unless ETH 2.0 will be released which will not happen this year.

 
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February 06, 2021, 03:57:58 AM
 #102

Ethereum is losing people's trust. Of course, ETH is the most popular coin after Bitcoin and has a clean reputation. It is not for nothing that institutional investors are buying up Bitcoin and Ethereum first, and then everyone else on the little things. But it is still very difficult for ordinary users to pay huge fees.
I think people now can run to Binance Smart Chain.
I doubt people lost trust in ETH honestly, and if they do, why the fee keeps on increasing instead of decreasing since losing trust means lesser user but nah  Grin.
But, imagine how ethereum gas state in the next year when more and more dapps being released that needs to interact with Ethereum blockchain, I'm sure the current gas is just the beginning of something more annoying which is an even bigger gas fee.
by that, other coin could easily try to steal the opportunity only if they could bring in some projects to their blockchain.

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February 06, 2021, 01:46:04 PM
 #103

I've seen numerous stupid users here on the forum and you are an additional to them Smiley.
Ignorant people will always make ignorant posts especially during the huge traffic season but we don't need to mean to their question because they properly don't understand the gravity of what they said which is the reason he believes raising a scam accusation on the ETH Dev is the solution to the hike in tx fee which we both know it doesn't work like that.

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February 06, 2021, 01:57:33 PM
 #104

It was very sad when ethereum reached ATH and the price of gas fees started to rise.
but currently nothing can replace ethereum as a new emerging project platform, it's very difficult.
if only for transactions I prefer to use the current tron. because tron transfer fee is very low and fast
All ethereum users will experience the same thing friends, if you want to send usdt use the Tron Platform, because fees from Tron are very small, before Ethereum 2.0 launch we will see volatility in Ethereum Gas, currently Gwei reaches 400 more, making fees very expensive nearly $ 50 for a single transaction, terrible.
I think it's not that bad at this time, my friend. the highest is now 200 Gwei. indeed there is an unstable movement. but lately, it's not so good for ethereum token transactions. It would be better if you want to transact ethereum tokens with a small value. Better to postpone it if you do not want to sell assets only for such expensive transaction fees.
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February 06, 2021, 02:47:40 PM
 #105

I don't pay attention to this nonsense. All smart people perfectly understand why the fees in the Ethereum network increase, because first of all it depends on the bandwidth and network congestion, and besides, it is quite logical to increase the cost of transactions along with the growth of the Ethereum rate. But I also believe that in the current situation, erc20 tokens with a low value will lose their relevance.

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February 06, 2021, 03:47:12 PM
 #106

I don't pay attention to this nonsense. All smart people perfectly understand why the fees in the Ethereum network increase, because first of all it depends on the bandwidth and network congestion, and besides, it is quite logical to increase the cost of transactions along with the growth of the Ethereum rate. But I also believe that in the current situation, erc20 tokens with a low value will lose their relevance.
You are right, the increase in ethereum transaction costs does not mean that there is an error from the system or the team that wants to make bigger profits. We can see how the Ethereum price growth occurs. It becomes very natural that the transaction fees for some Ethereum tokens will increase and even consume their value. there may be adjustments from the developer regarding the current high transaction costs. but I don't think it will be too far from the current cost.

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February 09, 2021, 05:16:01 PM
 #107

conventional banking is less expensive than certain blockchains recently. Messy Use Doge. I heard it is modest at to send cash on doge.

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February 09, 2021, 05:29:41 PM
 #108

You are right, the increase in ethereum transaction costs does not mean that there is an error from the system or the team that wants to make bigger profits. We can see how the Ethereum price growth occurs. It becomes very natural that the transaction fees for some Ethereum tokens will increase and even consume their value. there may be adjustments from the developer regarding the current high transaction costs. but I don't think it will be too far from the current cost.

Are you saying the whole ETH system would collapse and crash if they dont keep raising the fees always more? Like what about $500 some day for a simple token swap?!

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February 10, 2021, 02:43:49 AM
 #109

It was very sad when ethereum reached ATH and the price of gas fees started to rise.
but currently nothing can replace ethereum as a new emerging project platform, it's very difficult.
if only for transactions I prefer to use the current tron. because tron transfer fee is very low and fast

Have you looked into Avalanche? It just went from $10 to $40. It may be able to go to $400 who knows.

They have a new community driven "UniSwap" too called Pangolin.

https://pangolin.exchange/litepaper

I just tried it with MetaMask and its a bit complicated at first to set up but then it works really well. Very low fees...

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February 10, 2021, 07:13:48 AM
 #110

I don't pay attention to this nonsense. All smart people perfectly understand why the fees in the Ethereum network increase, because first of all it depends on the bandwidth and network congestion, and besides, it is quite logical to increase the cost of transactions along with the growth of the Ethereum rate. But I also believe that in the current situation, erc20 tokens with a low value will lose their relevance.
for those who don't care about fees, I don't think it's a problem. however, most people are currently seeing a fee increase that is really very high right now. however, we need to understand the current situation as Ethereum prices are really getting higher. it's just too much to see the current situation in a scam way. Well, I'd rather wait until the fee is lower than thinking like that.

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February 10, 2021, 05:38:57 PM
 #111

Well, I'd rather wait until the fee is lower than thinking like that.

As I understand it the fee wont get lower, unless the ETH price drops down siginificantly.

So this makes ETH pretty useless for investors.

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February 10, 2021, 05:43:50 PM
 #112

Well, I'd rather wait until the fee is lower than thinking like that.

As I understand it the fee wont get lower, unless the ETH price drops down siginificantly.

So this makes ETH pretty useless for investors.
But it is no exception for large investors or holders of large amounts of ERC20 tokens, they will certainly continue to make transactions as needed, even though transaction fees using this platform are very expensive. besides that the price of Ethereum is going up significantly day by day and I don't think Ethereum's cost will go down anytime soon.

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February 10, 2021, 07:22:51 PM
 #113

Earlier, people used Ethereum as an alternative way due to the high transaction fees of Bitcoin.

Nowadays in some cases, the transaction fee of Ethereum is much higher than that of Bitcoin. I still don't understand why people use Ethereum without using the Real Bitcoin! When I'm writing this post, BTC transaction fees for the next block is 102 sat/byte and 7 sat/byte for the next 6 blocks. I can't see any reason for using ETH now.

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February 10, 2021, 07:42:27 PM
 #114

We should make a thread in Scam Accusation forums because ETH steal $50 on transaction fees for simple token transfer.
Some transfers in MetaMask show as $120.... WTF!

Meanwhile other projects as KoinOS have $0 fees and Uniswap will run just fine on it too some day.

I predict ETH crashing again from $1500 to $80 like with last crash. ETH is an expensive scam coin that is the AIDS of crypto.
Remember all the scam ICOs on ETH? How many billions people lost?

And now $50 on token transfers??

All ETH ever did was ruin crypto. Its not a good project except for the billionaires who bought it for $0.25.

Not even Paypal ever had such horrible fees as ETH.

I rather pay an old man with a mule $50 for token transfer than pay $50 on eth.
Can also just call an UBER to transfer your token, much cheaper than ETH!

So what are some alternatives? What platforms can UNISWAP also run on easily
with low fees?

I already say KoinOS but they are very early (like buying eth for $0.25, still UNDER
1000 holders!!) but what are some other projects? Preferably around $100m market cap or lower?
Making a scam accusation thread will be completely useless in this case, cause who are you going to hold responsible Vitali? his no longer active on this forum, so it will be a complete waste of time making such thread, the best way to avoid paying these high insane gas fees is to stop using ETH for transactions, you can use btc, Ltc, trx they are all better than Eth in terms of transactions right now, I can't imagine paying $50 for one transaction, that's way too high.

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February 10, 2021, 07:52:05 PM
 #115

10 coins Avg. Transaction Fees

BTC    $25.47USD
BCH  $0.0027USD
BSV$0.00053USD
ETH    $23.15USD
XRP$0.00068USD
LTC    $0.045USD
Doge    $0.281USD
Dash  $0.0045USD
XMR    $0.053USD
ETC  $0.0027USD

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February 10, 2021, 08:03:44 PM
 #116

We should make a thread in Scam Accusation forums because ETH steal $50 on transaction fees for simple token transfer.
Some transfers in MetaMask show as $120.... WTF!

Meanwhile other projects as KoinOS have $0 fees and Uniswap will run just fine on it too some day.

I predict ETH crashing again from $1500 to $80 like with last crash. ETH is an expensive scam coin that is the AIDS of crypto.
Remember all the scam ICOs on ETH? How many billions people lost?

And now $50 on token transfers??

All ETH ever did was ruin crypto. Its not a good project except for the billionaires who bought it for $0.25.

Not even Paypal ever had such horrible fees as ETH.

I rather pay an old man with a mule $50 for token transfer than pay $50 on eth.
Can also just call an UBER to transfer your token, much cheaper than ETH!

So what are some alternatives? What platforms can UNISWAP also run on easily
with low fees?

I already say KoinOS but they are very early (like buying eth for $0.25, still UNDER
1000 holders!!) but what are some other projects? Preferably around $100m market cap or lower?
Yeah that has been quite severe problem for users especially trading erc 20 tokens and till full eth 2.0 release there is not much hope of improvement but if you are trading stablecoins than i would suggest you to use them on other networks like trading and transacting tron based usdt is very fast and cheap and it is the same usdt so take advantage of alternative chains.

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February 10, 2021, 08:20:42 PM
 #117

We should make a thread in Scam Accusation forums because ETH steal $50 on transaction fees for simple token transfer.
Some transfers in MetaMask show as $120.... WTF!

Meanwhile other projects as KoinOS have $0 fees and Uniswap will run just fine on it too some day.

I predict ETH crashing again from $1500 to $80 like with last crash. ETH is an expensive scam coin that is the AIDS of crypto.
Remember all the scam ICOs on ETH? How many billions people lost?

And now $50 on token transfers??

All ETH ever did was ruin crypto. Its not a good project except for the billionaires who bought it for $0.25.

Not even Paypal ever had such horrible fees as ETH.

I rather pay an old man with a mule $50 for token transfer than pay $50 on eth.
Can also just call an UBER to transfer your token, much cheaper than ETH!

So what are some alternatives? What platforms can UNISWAP also run on easily
with low fees?

I already say KoinOS but they are very early (like buying eth for $0.25, still UNDER
1000 holders!!) but what are some other projects? Preferably around $100m market cap or lower?

why do you say like that ?? did you not pay attention to the market today? how much is ethereum priced today? Don't say ethereum is a scam because of high transaction fees. If Ethereum is a scam then it is unlikely that the Ethereum price could be so high these days. And no one will report that ethereum is a scam because everyone understands why the transaction fees are currently so high. And this is not just the case with ethereum.

We will soon find it inconvenient for all that transaction fee can go high that only miners are able to benefit from this. There has to be done otherwise the ERC20 tokens will be moving to another platform where they deserve. The ecosystem of the Altcoin stops all because the gas fees are not worth paying. We may really be seeing a significant number of projects migrating to other platforms.



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February 10, 2021, 08:30:14 PM
 #118

I still don't understand why people use Ethereum
i guess the reason why they continue using eth is because they are trading erc20 tokens  . btc cant be used as gas when trading erc20 but btc fees are cheaper on normal transactions .

Quote
Earlier, people used Ethereum as an alternative way due to the high transaction fees of Bitcoin.
who would have thought that this could happen ? but one coin is not fair because we cant use it for trading tokens  . theres no assurance that both coins fees can remain but they can rise further , luckily we have another alternatives to choose from
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February 10, 2021, 08:30:33 PM
 #119

Earlier, people used Ethereum as an alternative way due to the high transaction fees of Bitcoin.

Nowadays in some cases, the transaction fee of Ethereum is much higher than that of Bitcoin. I still don't understand why people use Ethereum without using the Real Bitcoin! When I'm writing this post, BTC transaction fees for the next block is 102 sat/byte and 7 sat/byte for the next 6 blocks. I can't see any reason for using ETH now.
Of course, because they use a product based on the ethereum protocol. As you know that most altcoin projects use ethereum, so this kind of transfer fee is almost unavoidable. unless they look for other alternatives and migrate to another protocol, eg polkadot or neo

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February 10, 2021, 08:46:39 PM
 #120

Earlier, people used Ethereum as an alternative way due to the high transaction fees of Bitcoin.

Nowadays in some cases, the transaction fee of Ethereum is much higher than that of Bitcoin. I still don't understand why people use Ethereum without using the Real Bitcoin! When I'm writing this post, BTC transaction fees for the next block is 102 sat/byte and 7 sat/byte for the next 6 blocks. I can't see any reason for using ETH now.

Most of the cases are those who invested with ERC tokens they don't have any other options in transferring their assets, they needed to pay this high fees from ETH network.

If there's an option between for sure those people will difinitely use Bitcoin than Eth knowing that they'll be able to transact in much cheaper way.

Complain like this will continue to show up as there are people who are not paying attentions with reading
and understanding the entire process before investing.

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