Report ETH for SCAM because $80 fees

[neatworld]

I'm still always surprised when people get angry about ETH gas fees - this is something that's been known to us for such a long time. ETH sucks when it comes to scalability and gas fees. ETH 2.0 keeps getting delayed.

That's why there's real value to alternatives like Polkadot, Hedera Hashgraph, etc.

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[gurunanakji777]

For Faster transaction fee is higher but we are not forced to pay higher fees we can wait and select standard charges for fewer Gas fees. One can not say it a scam some time Gas is quite higher but sometimes it's nominal but your concern about the Gas fee is genuine certainly nobody wants to pay such a huge amount in fees. On the basis of the high Gas fee, it can not be crash if we think even It has potential that's why its worth keeps increasing. Traders use the different-different platforms according to their choice or needs.

[tvplus006]

polkadot is developed because of this kind of problem. we thought the ETH2 will actually solve the case of high transaction fees but its making things worse. polkadot isn't very ready though, they didn't have an importer yet compare to cardano which is a more deserving alternative for ETH.

we didn't have this problem back in the days but miners today seem to be picking transactions and $25 for a fee ain't enough.

The problem of high fees in Ethereum-2 will be solved only in phase 2, and now there is only phase 0. All decentralized exchanges use a smart contract, which always had a higher price per transaction than a normal transaction. There is only one option to reduce the commission, and that is to use DEX on weekends, when the network is less busy.

[koppees]

I think traditional banking is cheaper than certain blockchains lately.   Use Doge. I heard it is cheap af to send money on doge. (till it is not at least)

Doge is all nice and good, but inflation of over 4% is worse then fiat. Doge, no reward halving unlimeted supply same as Monero, Ethereum....

Average fiat inflation rate is 2.3% (purchasing power loss)

WTF is this? Do people in this forum even understand the meaning of the word "inflation"?

https://en.wikipedia.org/wiki/Inflation

The number of coins in circulation HAS NOTHING TO DO WITH INFLATION. inflation is simply put a market situation, when demand exceeds the supply. That market phenomenon causes general price level of goods and services to rise.

Extremely high demand for ERC-20 token transactions has caused transaction fees to skyrocket. That's how market economy works.

[Tash]

I think traditional banking is cheaper than certain blockchains lately.   Use Doge. I heard it is cheap af to send money on doge. (till it is not at least)

Doge is all nice and good, but inflation of over 4% is worse then fiat. Doge, no reward halving unlimeted supply same as Monero, Ethereum....

Average fiat inflation rate is 2.3% (purchasing power loss)

WTF is this? Do people in this forum even understand the meaning of the word "inflation"?

https://en.wikipedia.org/wiki/Inflation

The number of coins in circulation HAS NOTHING TO DO WITH INFLATION. inflation is simply put a market situation, when demand exceeds the supply. That market phenomenon causes general price level of goods and services to rise.

Extremely high demand for ERC-20 token transactions has caused transaction fees to skyrocket. That's how market economy works.

Good luck some people deserve everything they get.
The amount of money in existences with new money printed has nothing to do with inflation, LOL
The amount of coins in existences with new coins mined has nothing to do with inflation, LOL LOL

Doge, Ethereum, Monero.... has unlimited supply same as fiat. Bitcoin, Litecoin, Dash .... has limited supply so no inflation, have coin emission rate.

Extrem high demand to pay $80 fee , you are certified idiot

[koppees]

I think traditional banking is cheaper than certain blockchains lately.   Use Doge. I heard it is cheap af to send money on doge. (till it is not at least)

Doge is all nice and good, but inflation of over 4% is worse then fiat. Doge, no reward halving unlimeted supply same as Monero, Ethereum....

Average fiat inflation rate is 2.3% (purchasing power loss)

WTF is this? Do people in this forum even understand the meaning of the word "inflation"?

https://en.wikipedia.org/wiki/Inflation

The number of coins in circulation HAS NOTHING TO DO WITH INFLATION. inflation is simply put a market situation, when demand exceeds the supply. That market phenomenon causes general price level of goods and services to rise.

Extremely high demand for ERC-20 token transactions has caused transaction fees to skyrocket. That's how market economy works.

Good luck some people deserve everything they get.
The amount of money in existences with new money printed has nothing to do with inflation, LOL
The amount of coins in existences with new coins mined has nothing to do with inflation, LOL LOL

There is no such thing as "money printed", you idiot. Money supply increases when demand for money increases. The price of money is also regulated by the law of supply and demand, just like everything else.

DO NOT BORROW ANY MONEY AND NOTHING EVER GETS "PRINTED"

[Tash]

I think traditional banking is cheaper than certain blockchains lately.   Use Doge. I heard it is cheap af to send money on doge. (till it is not at least)

Doge is all nice and good, but inflation of over 4% is worse then fiat. Doge, no reward halving unlimeted supply same as Monero, Ethereum....

Average fiat inflation rate is 2.3% (purchasing power loss)

WTF is this? Do people in this forum even understand the meaning of the word "inflation"?

https://en.wikipedia.org/wiki/Inflation

The number of coins in circulation HAS NOTHING TO DO WITH INFLATION. inflation is simply put a market situation, when demand exceeds the supply. That market phenomenon causes general price level of goods and services to rise.

Extremely high demand for ERC-20 token transactions has caused transaction fees to skyrocket. That's how market economy works.

Good luck some people deserve everything they get.
The amount of money in existences with new money printed has nothing to do with inflation, LOL
The amount of coins in existences with new coins mined has nothing to do with inflation, LOL LOL

There is not such thing as "money printed", you idiot. Money supply increases when demand for money increases. The price of money is also regulated by the law of supply and demand, just like everything else.

DO NOT BORROW ANY MONEY AND NOTHING EVER GETS "PRINTED"

Go quickly get covid vaccine, get two doses, you want to be save the world needs you. No money gets printed
Now you have to excuse me i have other things to do as waste time with morons.
Years and years I had one account on ignore you managed to be number two, congratulation I want see you again.

immune now for that junk

[koppees]

OMG, what a moron! Money gets printed to satisfy the demand for paper bank notes and coins. Money printing HAS NOTHING TO DO WITH INCREASING MONEY SUPPLY. You can check this out for yourself. Paper money (M0) makes about 5% of total money supply. The rest of 95% money supply only exists in a virtual computer network, just like cryptocurrencies. It just does not use blockchain tech.

https://money.howstuffworks.com/how-much-money-is-in-the-world.htm

Do people like really think that some kind of printer is needed to create more numbers in a virtual computer network? I can't even remember the last time I used cash to pay for something. I can pay electronically for everything with a Visa or Mastercard payment system by only sending virtual numbers back and forth. And people still think that governments print all money supply? LIKE REALLY?

[SirLancelot]

When ETH reached another high of above $1,600 last Feb. 4, the growing price has been steadily driving transaction costs higher too, but it was started in early January 2021 when Ethereum broke its previous record of above $1,400. The latest spike in gas fees has had a massive impact on a number of decentralized finance projects, with some DeFi transaction fees surging above $1,000 which is kinda crazy Also the fees on major decentralized exchanges like Uniswap and SushiSwap surged to abnormal levels of between $40 and $75. I transferred my ETH temporarily on CEX and trade it there, so far the gas fee is lesser compared to others I've tried.

The fact is that even at around 30-50 bucks transaction fee (or even 80 bucks network free for swapping) people are still doing it, that is the reason why the price goes up. There is nobody guilty here, there is nobody "charging you" 80 dollars fee, ETH is not doing it, miners are not doing it, nobody does this but the people who use it. ETH price went super high, and it is still a very much wanted asset which is the reason why we are in this situation right now, there is no doubt about the fact that people do invest into ethereum and that is why price goes up but there are also a lot of people who ended up spending insane amount of money for bitcoin as well, it is really not a smart move at all.

I personally feel like there if people stop paying this much, if everyone comes to an agreement together and not spend more than 5 bucks ever, the price will fall, we just need to organize for it instead of accepting to pay this much.

[bitcon]

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.

[GreekCoiner]

These fees are a real joke but just think that when Eth was 100 usd and with the same network usage, you would paid the same amount in ETH but in fiat it would be less than ~$8.
So, would you be saying the same if Ethereum price was 100 usd and you had to pay let's say 5 usd for transfer fees?

P.S. Guys stop using DEX for low amounts and low value transactions since you can use CEX. Once Eth 2.0 is ready, things will become better.

[Dragonfund]

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.

It's not a good idea to abandom an innovation but If one should check the history of cryptocurrency, I think Ethereum has been one of the project with worse transactions processing. It now behave like a local bank that charge you huge amount for sending currency across another state.
I think Binance so this potential, that's why they embrace the idea and simplify it into Binance Smart Chain and I wonder why Vitali never think of the idea and name it Ethereum2.0
I know Dapps works on the Binance Smart Chain, why not just adoptsuch system and end these fees saga.

[seleme]

These fees are a real joke but just think that when Eth was 100 usd and with the same network usage, you would paid the same amount in ETH but in fiat it would be less than ~$8.
So, would you be saying the same if Ethereum price was 100 usd and you had to pay let's say 5 usd for transfer fees?

P.S. Guys stop using DEX for low amounts and low value transactions since you can use CEX. Once Eth 2.0 is ready, things will become better.

It is definitely the worst time to use ETH blockchain because of extreme transaction fees. The total marketcap and the market price has surged a lot, the volatility has a huge effect on the gas fees. The market is not going to calm down soon, the $8 fee is the new normal for all ETH token transactions. Even Paypal or Skrill has never charged me for a single transaction with a %40 fee. I am not going to pay the higher fee than the actual balance for single ETH token transaction and I can wait few more weeks until the Gas transaction fee calms down.

[cahkalem]

It is definitely the worst time to use ETH blockchain because of extreme transaction fees. The total marketcap and the market price has surged a lot, the volatility has a huge effect on the gas fees. The market is not going to calm down soon, the $8 fee is the new normal for all ETH token transactions. Even Paypal or Skrill has never charged me for single transaction with %40 fee.

i hope a solutions about this high transactions fees will coming from eth dev soon or later
and i think if the calculations of the transactions fees in usd not in gwei will be a good idea,
because we don't need to pay a high fees to send eth or erc20 tokens when the price of ethereum growing high

[coinporch]

It is definitely the worst time to use ETH blockchain because of extreme transaction fees. The total marketcap and the market price has surged a lot, the volatility has a huge effect on the gas fees. The market is not going to calm down soon, the $8 fee is the new normal for all ETH token transactions. Even Paypal or Skrill has never charged me for single transaction with %40 fee.

i hope a solutions about this high transactions fees will coming from eth dev soon or later
and i think if the calculations of the transactions fees in usd not in gwei will be a good idea,
because we don't need to pay a high fees to send eth or erc20 tokens when the price of ethereum growing high

this is really good idea, if the transactions fees on usd value not in gwei
because if this become reallity, i believe the volatility on eth price will not affected the transactions fees on ethereum network

[nykka]

Unfrotunately Ethereum fees are really insane nowadays. For now common transaction requires up to 100$ and it`s impossible to use the eth blockchain. There are many solutions for it. Many progressive blockchains let do many actions with your assets with extremely low fee, but their ecosystem isn`t so good still. I mean Avalanche, Solana, Elrond and others. Another solution is layer 2 projects.

Such as ZKSwap and others can really help cryptocommunity to avoid incredible costs, but full solution can only come with the ETH 2.0

[cloudfir3e]

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

[Inspiron14]

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.

[MCobian]

It is true that since the DeFi trend occurred and the price of Ethereum has increased, this has caused Ethereum fees to be very high. But that doesn't
mean Ethereum is a scam, it's just that because the Ethereum network is so crowded right now, you can set up gas to send Ethereum. Lower fees will
make the transaction speed very slow, or temporarily you can choose another altcoins to send your funds. For now I prefer to send via the Tron
network, besides the process is fast, the most important thing is that Tron transaction fees are very cheap.

[shoreno]

its already enough calling eth as a shitcoin but making a scam accuse on this forum? lmao but i dont think someone will respond on that in a serious way . my only advice to you is to stop using eth and start ignoring this coins if this coins bothers you alot before your condition gets worst .

I already say KoinOS but they are very early (like buying eth for $0.25, still UNDER
1000 holders!!)

whats wrong with that . being early is supposed to be our advantage because if you look around around you so many coins are now expensive and people regretting that they didnt invest when the coins are still cheap