Henrobakkara
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February 03, 2021, 10:31:54 PM |
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The disappointment with ethereum is experienced by many bounty hunters and small traders, for the past few days we have seen ethereum have fees above $10, I don't know if the ethereum developers saw this incident and will fix it? there was nothing to do but wait
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Wulan_maniez
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February 03, 2021, 10:39:56 PM |
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This is very unpleasant. When many people want to transfer their coins and tokens to the exchange, ether costs a very high fee. It’s been going on for quite a while indeed, since bitcoin was high. I can only wait for the ether cost to be as low as ever to transfer coins and tokens in the ERC20 wallet. But sometimes I choose the option of economic costs, although it is still high cost, but not as high as the cost of VIP.
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lobo13hf
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February 03, 2021, 11:13:35 PM |
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I predict ETH crashing again from $1500 to $80 like with last crash.
It's not likely to happen but the opposite thing happened, ethereum is surpassing $1600 ETH is an expensive scam coin that is the AIDS of crypto. Remember all the scam ICOs on ETH? How many billions people lost?
There are lots people got lost but so many people are also gets very good ROI from their investment on legit ICOS. And now $50 on token transfers??
I have paid $55 for a transaction worth a few thousand dollars USDT. So what are some alternatives? What platforms can UNISWAP also run on easily with low fees?
There's no alternative for that, if you wanna trade on Uniswap and you must have paid non sense fees to the ethereum chain, If you wanna get an alternative and move one from this chain and try to use tron chain. it has also a popular swap service called JUST swap. When you are still using this chain and don't expect you will get low fees for your transaction.
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posi
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February 03, 2021, 11:21:42 PM |
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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!
There has been a huge increase in the transaction fee of Ethereum and other cryptocurrencies who are currently experiencing the bullish trend due to the increase in traffic which is always the scenario whenever we are in a bullish market but that doesn't make ETH Dev a scammer and the last time I checked the tx fee is determined by mining difficulty and each sender decision. However, this transaction is paid to the miners, not ETH Dev so why do you want to report them for a scam? With that been said, the prevent this from happening in the future is the reason why ETH2.0 was introduced and if it executed fully every ETH user will enjoy the benefit involved. 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?
For now, there's no alternative platform it may happen in the future though but you need to understand the platform you use because DEX swap/trading charges are usually high and it not the fault of the ETH Dev because the DEX will also charge their fee for offering you the trading service.
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meanwords
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February 03, 2021, 11:45:20 PM |
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It's pretty obvious that you can't accuse ETH for it's extremely high fee. Just don't use ETH if you don't really need it. Almost all altcoins associated with ETH is suffering because of this fees so you should avoid ETH for now. We can only hope that DEV finds a way reducing this Fees significantly.
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cotton ball
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February 03, 2021, 11:47:46 PM |
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It's true that ethereum really tricked many users into paying for gas fee for a one-time shipment of having to pay $ 0.03 eth worth of $ 50 that's very high for a gas fee price I can't understand why Vitalik didn't provide a solution, it actually adds to the cost of gas getting higher in the end even though the ethereum project has been around for a long time As if the gas fee price continues to rise, it is very worrying for all ethereum users in the future, it is better if they leave Ethereum because it is too burdensome for investors.
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santiPOGI
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February 03, 2021, 11:53:01 PM |
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The gas fee of Ethereum now was too expensive, and 80$ for the fees is not a joke actually. I just wish that ETH developer can do something about this matter, so that the majority of the community in cryptocurrency will aching about this thing. Because, sometimes the amount of the withdrawal is much lower than the gas fee, so in the end they can't withdraw their ETH balance.
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TimeTeller
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February 03, 2021, 11:55:47 PM |
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It's pretty obvious that you can't accuse ETH for it's extremely high fee. Just don't use ETH if you don't really need it. Almost all altcoins associated with ETH is suffering because of this fees so you should avoid ETH for now. We can only hope that DEV finds a way reducing this Fees significantly.
My take on this situation also. Look also for the network activity and send your tokens when the network is not so busy. Right now, eth has problem on this aspect but I believe they are doing something to rectify this issue. Eth 2.0 is not yet fully deployed, maybe once Phase 1 is fully launched, we will be seeing some improvements. But right now, I don't think we can accuse eth platform as a scam because of the high gas fees.
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Luqman
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February 03, 2021, 11:57:24 PM |
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It's true that ethereum really tricked many users
How can you state " tricked many users" with no strong proofs? The expensive price of ETH gas doesn't mean they tricked you or others. You are wrong to say this. Even if you have your own argument, it doesn't mean you can accuse people carelessly. You can be prosecuted if you only have weak evidence. it is better if they leave Ethereum because it is too burdensome for investors.
Are you sure?
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chaser15
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February 03, 2021, 11:58:45 PM |
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Go ahead OP lol.
Everyone should anticipate that while the ETH price is climbing. As we always based our gas price on USD, it's expected that we might even end up paying $100 per transaction. This has been discussed before with BTC but not to the point of calling it scam fees.
I'd just received a token transfer for $6 but it ends up on 6-8 hours confirmation. Fine by me as I'm not rushing.
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muenze (OP)
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February 04, 2021, 01:19:08 AM |
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Even for a $10k transaction its too much fee. Its better if Uniswap could move to a different blockchain.
The ETH developers dont care they are billionaires. Why help the poor people? ETH is even worse than the big banks. No big bank ask such insane fees.
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exobyte
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February 04, 2021, 01:51:55 AM |
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When you can look at bank fees as a percentage of the total transaction in the same currency, why can't we look at ETH fees as % of ETH. For e.g., if I transfer 1000 USD from an account in the US to Vietnam, the wire transfer fees could be 25 USD. That is a whopping 575,537.50 VND. Which could probably pay for a meal in terms of local currency.
Agree the fees could be high, but attaching the USD value is probably what makes it seem much higher.
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aprilnot
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February 04, 2021, 02:46:32 AM |
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ethereum networks are flawed because they can't cope with scalability. There are too many Dapps on the ethereum network, and too many transactions to confirm, so everything piles up. and in the end this led to an increase in gas fees. the only good thing about ethereum right now is their high price, and the rest they are a bad platform.
waiting for ethereum 2.0 is not a solution, no one guarantees that in the future they can reduce gas fees. just because 2.0 can handle more transactions doesn't mean this problem is over. what if ethereum had switched to 2.0 but they had the same unresolved case. won't the problem arise again? so it's about time we switch to a friendlier and better platform.
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takngantuk
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February 04, 2021, 02:55:34 AM |
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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?
ethereum is not a scam, it's just that they are a bad platform. everyone was disappointed by the high gas fees, but there was nothing they could do. the options are only two, accept all of that or switch to a cheaper platform.
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muenze (OP)
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February 04, 2021, 11:00:44 AM |
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it's just that they are a bad platform. everyone was disappointed by the high gas fees, but there was nothing they could do. the options are only two, accept all of that or switch to a cheaper platform.
Was there really nothing they could do? I mean their devs are billionaires. They would have the ressources to fix it. Now smaller teams can make projects with ZERO fees why cant ETH?
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Tash
Sr. Member
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Pro financial, medical liberty
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February 04, 2021, 11:56:35 AM |
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it's just that they are a bad platform. everyone was disappointed by the high gas fees, but there was nothing they could do. the options are only two, accept all of that or switch to a cheaper platform.
Was there really nothing they could do? I mean their devs are billionaires. They would have the ressources to fix it. Now smaller teams can make projects with ZERO fees why cant ETH? Are you that naive, from the word go they only after the money.
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muenze (OP)
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February 04, 2021, 12:11:06 PM |
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Its asking $70 gas fee now on LOW (for token!)
Cheaper to buy plane ticket and deliver tokens personally!
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trauchot
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February 04, 2021, 12:39:12 PM |
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I understand you, I also have to spend a lot of money for commissions, but I do this because some of the cryptocurrencies that I have in my portfolio start to grow and I want to sell them and I have to give a lot of money for transfers of any cryptocurrencies that are created on the Ethereum blockchain and unfortunately the Ethereum developers are in no hurry to fix this problem and this is very bad, but all the same, as we see the price of Ethereum is growing and there are more and more cryptocurrency projects on the Ethereum blockchain, so I don’t think that Ethereum developers somehow worry about huge commissions.
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danherbias07
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February 04, 2021, 12:54:08 PM |
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You should see fees in exchange. They are worse. It could also be the issue of us converting it to USD with higher value now. Try to consider that. All we could do now is wait or put it to lower fees with slower tx time and wait for a day to arrive. I prefer XRP before but because of what they are facing most investors lose their interest in it and it got scary to stay. It's really faster and cheaper that way.
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kevinzxz
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February 04, 2021, 01:03:12 PM |
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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?
I don't agree if you say Ethereum is a scam project, because Ethereum is one of the projects that makes cryptocurrency can become popular at this time besides Bitcoin, but I agree with you that gas fees from Ethereum are very expensive and unreasonable, so for now I am not very interested in making transaction using Ethereum, because gas fees from Ethereum are very expensive, so I hope that Ethereum soon finds a solution to make gas fees from Ethereum inexpensive.
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