"People who have invested on ETH soon will be poor", said CZ #BSC

[Distinctin]

He just lost respect from people, he should respect ETH as BNB started from ETH network, not he think that BNB can overtake ETH and like to destroy it with his words, I think that's not what people are expecting to come out from his mouth.

He should change his strategy, it's better the old way, less talk more work or development.

Nah, there's a little misunderstanding here because he never meant to shame people who are buying ETH it's the gas fees for ETH.
So basically, he was saying rich people will be poor because the high gas fees just for transferring any amount small amount of ETH to other wallet.
Maybe ETH 2.0 will give the solution for this but it seems that ETH has a lot of users so it might take some time for a while.

Maybe it was but it sounds like that BNB is trying to ruin ETH and taking the position. I hope I was wrong but I believe that Mr. Vitalik will do something to fasten the development in regards to the ETH2.0 launching period in order to give a reason for all ETH holders to keep calm. If BNB will have the solution and help users to lessen their fees, that will be beneficial for both.

I think the competition is so harsh to see now.

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[Question123]

Ethereum is potential I don't think so those people who investing to this coin will going to lose their money because for sure in the future it will become very high the value. At this moment the price of the ethereum is already high but it doesn't mean the price is not going up because the price is rising slowly and not only 1000 dollars is the highest price of this coin because for me I think it is 10k dollars more after few years.

[bitjoin]

if ethereum gas fees can't decrease i think CZ right,
my big hope is eth2.0 will make this ethereum better in all sides mate

The high cost of gas makes some new projects think twice about using the Ethereum platform. Just look at the AME project which delayed the distribution of tokens due to high gas costs. If in 2021 Ethereum 2.0 is not launched soon, then the new project will switch to the Binance Smart Chain which is cheaper than the Ethereum platform.

[meldrio1]

What a funny tweet by CZ it looks like he trying to get down the Eth but yep I agree with him.. Eth will be sink because of the high gas fee.. BSC is getting popular so maybe in the future Eth will go down in the rank and BNB will be taking the second position.

[tabas]

What a funny tweet by CZ it looks like he trying to get down the Eth but yep I agree with him.. Eth will be sink because of the high gas fee..

It will sink if nothing happens with the solution that the ETH devs has said.

BSC is getting popular so maybe in the future Eth will go down in the rank and BNB will be taking the second position.

It will surely replace ETH in terms of projects choice because of the high gas fees. BSC is the other option these days because it's performing well.

[eaLiTy]

He starts being ugly lol. I will never invest in his centralized network and its projects. It does not matter how much I will gain from them. If I do not buy ETH, there are plenty of decentralized options, Dot, ADA, Cosmos, Avax etc. etc. BSC network will be at the end of this list.

Changpeng Zhao always put his business before anything else and we have seen that when Binance was hacked he even tried for a BTCitcoin rollback which is really crazy and he thought it was possibly if he could convince some miners and the only thing he misunderstood was that in ETH you can roll back if there is a major hack but not in a decentralized coin like BTCitcoin and majority of the users are here to make profit irrespective of centralized or decentralized.

[ene1980]

Time to move on to Binance Smart Chain, shall we?
#BSC

If you are planning to create a project or you have a project running in ETH then you can move to Binance smart chain, other than that if you think that the price of BNB will rally you invest in their coin and looks like you have invested heavily in it and CZ is trying hard to attract projects to use their chain and he might be offering some other options like discounts to list the coins in the exchange and with ETH transactions getting delayed we will see some projects moving to BSC.

[Cling18]

He made that statement to continuously compete with Ethereum which I think isn't a mature way of lifting his coin up. He shouldn't drag down another coin just to make people believe that it's better than ETH. Let BNB reach its own achievements in a positive way without ruining the name of Ethereum.

[dimonstration]

What a funny tweet by CZ it looks like he trying to get down the Eth but yep I agree with him.. Eth will be sink because of the high gas fee.. BSC is getting popular so maybe in the future Eth will go down in the rank and BNB will be taking the second position.

There's still a need for improvement for ETH especially now that fees went too high yet the transaction didn't make it faster. Maybe its a challenge to ETH to be better since there are plenty of coins that can move up and replace them. Many can take it seriously and think of it as a challenge and not just a tweet to let them down but a signal to ETH to make some move to be better.

[bitjoin]

He made that statement to continuously compete with Ethereum which I think isn't a mature way of lifting his coin up. He shouldn't drag down another coin just to make people believe that it's better than ETH. Let BNB reach its own achievements in a positive way without ruining the name of Ethereum.

The statement made by CZ BINANCE is only a one-sided claim, so far there has been no response from Ethereum regarding the tweet made by CZ. Maybe the Ethereum Team is focused on completing the Ethereum 2.0 rollout, so the Ethereum team doesn't have to respond to silly tweets like that, because CZ statement will be answered after Ethereum 2.0 is launched.

[btcsmlcmnr]

Time to move on to Binance Smart Chain, shall we?
#BSC

Binance Smart Chain gives low transaction fees and with the migration of DeFi projects from ERC-20 chain to Binance Smart Chain, they will not come back to ERC-20 chain soon. I don't agree with CZ that Ethereum investors will be poor because of transaction fees on ERC-20 chain. They can get money from ERC-20 tokens and Ethereum.

After DeFi projects die, Ethereum with ETH 2.0 will get their dominance back. It will take time and might take to one year.

[bitjoin]

Binance Smart Chain gives low transaction fees and with the migration of DeFi projects from ERC-20 chain to Binance Smart Chain, they will not come back to ERC-20 chain soon. I don't agree with CZ that Ethereum investors will be poor because of transaction fees on ERC-20 chain. They can get money from ERC-20 tokens and Ethereum.

After DeFi projects die, Ethereum with ETH 2.0 will get their dominance back. It will take time and might take to one year.

In terms of a business competition, Binance Smart Chain is one a step ahead of the Ethereum platform. They dare to offer low fees to attract the attention of new projects to use the BSC platform. Seeing the breakthroughs made by the Binance Smart Chain, Ethereum a development team will definitely put up a fight to maintain its position as the 2nd best cryptocurrency after a bitcoin. Yeah, Ethereum 2.0 would be a very logical answer to regain dominance ETH.

[leea-1334]

Time to move on to Binance Smart Chain, shall we?
#BSC

Binance Smart Chain gives low transaction fees and with the migration of DeFi projects from ERC-20 chain to Binance Smart Chain, they will not come back to ERC-20 chain soon. I don't agree with CZ that Ethereum investors will be poor because of transaction fees on ERC-20 chain. They can get money from ERC-20 tokens and Ethereum.

After DeFi projects die, Ethereum with ETH 2.0 will get their dominance back. It will take time and might take to one year.

Until the next bad thing happens to BSC,,, people will move to where it is fastest and cheapest but personally I think a lot of projects had the same choice in the past with NEO (china) and WAVES (Russia) but still they stuck on Ethereum.

Once they realize later development is still on ETH 2.0, they will move back. Like you said, defi will die.

[peter0425]

ETH version 2 aka ETH. 2.0 will be launched their final phase around in the end 2021 or early 2022
https://cointelegraph.com/news/when-will-ethereum-2-0-fully-launch-roadmap-promises-speed-but-history-says-otherwise

Time to move on to Binance Smart Chain, shall we?
#BSC

I use to be a Ethereum supporter in the last few years but i am so disappointed on how this progress since last quarter of 2020.

though it made another ATH yet not enough for my expectation as comparable to Bitcoin increase? Ethereum is too far than what we can find while other altcoins is pumping high and high at Her back.

[btcsmlcmnr]

In terms of a business competition, Binance Smart Chain is one a step ahead of the Ethereum platform. They dare to offer low fees to attract the attention of new projects to use the BSC platform. Seeing the breakthroughs made by the Binance Smart Chain, Ethereum a development team will definitely put up a fight to maintain its position as the 2nd best cryptocurrency after a bitcoin. Yeah, Ethereum 2.0 would be a very logical answer to regain dominance ETH.

It is tip of iceberg and Ethereum had same period in 2017 when it took the chance when bitcoin network was congested. Vitalik that time said Ethereum network won't be congested. Not too long later, a few months later, Cryptokitties and some bad ICOs make Ethereum network congested. If I recall correct, the congestion on Ethereum network needs more time to resolve than Bitcoin network.

Until the next bad thing happens to BSC,,, people will move to where it is fastest and cheapest but personally I think a lot of projects had the same choice in the past with NEO (china) and WAVES (Russia) but still they stuck on Ethereum.

Fee is the most attraction but chains will be full, congested and free at different times. Ethereum network won't be congested forever, high fee won't last forever. People will choose Ethereum again for their safety.

Once they realize later development is still on ETH 2.0, they will move back. Like you said, defi will die.

ETH 2.0 is promising to resolve the issue and DeFi death call is a good contributor.

I use to be a Ethereum supporter in the last few years but i am so disappointed on how this progress since last quarter of 2020.

though it made another ATH yet not enough for my expectation as comparable to Bitcoin increase? Ethereum is too far than what we can find while other altcoins is pumping high and high at Her back.

If you compare so, you need to compare many altcoins with bitcoin. Bitcoin is the leader of this market. There are not many altcoins have bigger increases than bitcoin if you're saying about old altcoins. New altcoins and new tokens are fully hyped.

[mdzahed134]

He didn't say anything wrong, if eth network fee doesn't reduce  as soon as possible than many users will move away from it. Still a lot of projects going to move ETH to Binance Smart Chain because their users can't able to trade due to higher eth transaction fee. BSC going to be a big competitor for the ETH in the future.

[someone703]

He didn't say anything wrong, if eth network fee doesn't reduce  as soon as possible than many users will move away from it. Still a lot of projects going to move ETH to Binance Smart Chain because their users can't able to trade due to higher eth transaction fee. BSC going to be a big competitor for the ETH in the future.

I just feel this is a cross-platform competition, and we're sober enough to figure out what's good for us. 

There may be many people complaining about the speed and transaction fees on the ERC20 network, but in the long term, I think Binance is not a competitor that can beat Ethereum. 

I also really like the current BSC as it is helping me to solve more trading problems, and I also like CZ's ambitions for this market.

[Bustart]

ETH version 2 aka ETH. 2.0 will be launched their final phase around in the end 2021 or early 2022
https://cointelegraph.com/news/when-will-ethereum-2-0-fully-launch-roadmap-promises-speed-but-history-says-otherwise

Time to move on to Binance Smart Chain, shall we?
#BSC

CZ mad a statement like this without any solid proof and I believed that his aggressive comments is attempting to deceive eth holders, which he thought could create panic. However, that doesn't mean serious because if people would turn their back against this crypto asset it would have affect the price right now. FUD started working nowadays, don't get easily fooled with it.

[btcsmlcmnr]

CZ mad a statement like this without any solid proof and I believed that his aggressive comments is attempting to deceive eth holders, which he thought could create panic. However, that doesn't mean serious because if people would turn their back against this crypto asset it would have affect the price right now. FUD started working nowadays, don't get easily fooled with it.

CZ is right but he exaggerated the level of truth. If you don't count the potential income and profit from investment into ETH or BNB, and simply consider about the loss from transaction fees on the two chains. CZ is very correct because people lose more money for transactions on ETH chain rather than on BSC chain. The loss is bigger for small transactions. The poor get poorer with ETH transactions, correct. Even the rich who get more profit from ETH investment, they will still lose big money in ETH transaction fees. Obviously, the loss in transaction fees for the rich and their big transactions are not big in % but in USD value, it is big.

[FairUser]

There may be many people complaining about the speed and transaction fees on the ERC20 network, but in the long term, I think Binance is not a competitor that can beat Ethereum. 

It would be better if this happened faster, especially now where people transact frequently and ignore those fees. I think the main reason is still the fees and the speed of the transaction, the BSC are offering perfect experiences in the defi space, and I wouldn't be too surprised if they could replace their current positions in the future of Ethereum. Knowing that the ecosystem that Ethereum creates receives a lot of trust, these beliefs are only disappointing, at this point I rate BSC a lot better than ERC20.