Sterbens (OP)
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March 15, 2021, 03:21:24 PM Merited by Symmetrick (1) |
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sometimes our current position is almost the same, seeing the incredible growth of Ethereum, the extraordinary achievement this year. we are happy, but besides that we also feel that something is quite concerning. well, all of you must know, GAS fees have killed traders who get tokens and coins from the results of airdrops or bounties. their wallets will become completely useless when they painstakingly spend their time, effort, and thought acquiring a few tokens for under $ 100. Until when will Vilatik and all those who have control over these increasingly crazy transaction fees come up with a solution? I agree that the BSC network has provided relief, but what about bounty hunters and airdrop hunters who get ERC20 tokens? how can Vitalik cover his ears from the screams of Ethreum lovers? let's complain together ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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makishart
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March 15, 2021, 05:10:43 PM |
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Vitalik has proposed the solution to fix this problem but the main problem was on the minersof ethereum chain. The majority of miners were opposing the solution and they were creating their own solution (EIP). I hate POW consensus. You must try to search some latest news about the battle between ethereum core developers and miners. Both parties were issuing their own proposal.
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Fivestar4everMVP
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March 15, 2021, 05:21:48 PM |
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Well, I think it's high time vitalik stop minding the decision of Ethereum miners and just go ahead with whatever solution that will put an end to the menace we are currently experiencing on the Ethereum blockchain, in as much as its very OK for vitalik to listen to the miners cus some how, they are the ones protecting the network, the users of Ethereum and erc20 tokens are also important and should be given a listening ear, we all are tired of the high fees, the miners are not feeling the pain we are feeling, so vitalik and his team should work something out to help solve this problem of high fees, it's killing and highly frustrating.
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Flowzer
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March 15, 2021, 05:28:04 PM |
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Well, I think it's high time vitalik stop minding the decision of Ethereum miners and just go ahead with whatever solution that will put an end to the menace we are currently experiencing on the Ethereum blockchainn.
Its not how a consensus works. To win the battle, the EIP 1559 supporter need to dominate the network hash to win the consensus. They dont need to be a miner to do that, they can rent some hash power to mine in the supporting pools.
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seoincorporation
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March 15, 2021, 05:42:45 PM |
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I don't think Vitalik cares about tokens at all... I mean, those are smart contracts that cost less than $10, anyone can create a token and for sure Vitalik sees them as shit coins. And if the fee is too high to get profit from the coin, then it was only a waste of time and a waste of resources for all. If fees and gas represent a problem for ETH then Vitalik will find a solution, but right now we can see how much he cares with a give-a-fuck-o-meter:
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avikz
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March 15, 2021, 06:17:56 PM |
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That's the problem of POW algorithm. I believe that's one of the major reasons why Vitalik proposed to move to POS and that will happen faster than we anticipate. With the introduction of the Beacon chain, ETH POS algorithm is already here, but not officially moved out of POW. This network movement from POW to POS will address a number of issues including gas fees and scale up the network to process more transactions per block. So Vitalik has already worked on a solution and hopefully we will see the implementation in 2021 iteself. News ref: https://blog.makerdao.com/how-ethereum-2-0-will-address-gas-issues-and-enable-dai-and-defi-to-scale/
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oscarftw
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March 15, 2021, 06:31:52 PM |
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I don't think Vitalik cares about tokens at all... I mean, those are smart contracts that cost less than $10, anyone can create a token and for sure Vitalik sees them as shit coins. And if the fee is too high to get profit from the coin, then it was only a waste of time and a waste of resources for all.
Maybe Vitalik cares about all ERC-20 tokens or legitimate altcoins transaction cost. ETH 2.0 one promoted feature was high TPS, which means now Ethereum has low TPS. Or is it time to close defi hype? For this transaction cost users are switching to another blockchain and centralize exchange. Vitalik wants to close this high cost, we got some news of another fork of Ethereum.
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Bitstar_coin
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March 15, 2021, 06:32:30 PM |
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sometimes our current position is almost the same, seeing the incredible growth of Ethereum, the extraordinary achievement this year. we are happy, but besides that we also feel that something is quite concerning. well, all of you must know, GAS fees have killed traders who get tokens and coins from the results of airdrops or bounties. their wallets will become completely useless when they painstakingly spend their time, effort, and thought acquiring a few tokens for under $ 100. Until when will Vilatik and all those who have control over these increasingly crazy transaction fees come up with a solution? I agree that the BSC network has provided relief, but what about bounty hunters and airdrop hunters who get ERC20 tokens? how can Vitalik cover his ears from the screams of Ethreum lovers? let's complain together ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Don't waste your time hoping because vitalik won't hear you and eth is the best of the best, the altcoin king ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) so suck it up like a man, All you can do is hope that eth 2.0 comes through according to the time it was stipulated otherwise the road is very very far ahead to pay high gas fee.
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Flowzer
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March 15, 2021, 06:54:56 PM |
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Yes its happen if consensus accepted that EIP, just hope that implemented will do smoothly. The miners will fight so hard to cancel that implementation, since they receive many profit from high gas phenomena.
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blockman
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March 15, 2021, 07:37:07 PM |
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Yes its happen if consensus accepted that EIP, just hope that implemented will do smoothly. The miners will fight so hard to cancel that implementation, since they receive many profit from high gas phenomena. They don't have any force to stop it. ETH is also about to go to POS so miners have already accepted that long time ago. They're just enjoying the profits that they can make while ETH is still mineable. Because when it's already a POS algo, they'll have to mine another coin and will just have to accept that ETH is already a staking coin.
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Sterbens (OP)
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March 16, 2021, 04:39:55 PM |
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Vitalik has proposed the solution to fix this problem but the main problem was on the minersof ethereum chain. The majority of miners were opposing the solution and they were creating their own solution (EIP). I hate POW consensus. You must try to search some latest news about the battle between ethereum core developers and miners. Both parties were issuing their own proposal.
whether this will be an overthrow of the Ethereum network, when the whole team and the developers are no longer in agreement the impact is quite alarming. That's the problem of POW algorithm. I believe that's one of the major reasons why Vitalik proposed to move to POS and that will happen faster than we anticipate. With the introduction of the Beacon chain, ETH POS algorithm is already here, but not officially moved out of POW.
This network movement from POW to POS will address a number of issues including gas fees and scale up the network to process more transactions per block. So Vitalik has already worked on a solution and hopefully we will see the implementation in 2021 iteself.
It is true that our hope to continue having Ethreum in 2021 is Ethreum 2.0. We are totally bored, as someone who only holds Ethreum under $ 100 thanks to bounty hunters who are hampered by their payments due to GAS, so I hope you understand what we want. Maybe Vitalik cares about all ERC-20 tokens or legitimate altcoins transaction cost. ETH 2.0 one promoted feature was high TPS, which means now Ethereum has low TPS. Or is it time to close defi hype? For this transaction cost users are switching to another blockchain and centralize exchange. Vitalik wants to close this high cost, we got some news of another fork of Ethereum.
I believe there is always a solution to every obstacle Ethereum is facing, though we only need to wait for it at the end of 2021. Let's toast for a moment ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Farma
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March 17, 2021, 06:26:08 AM |
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Well, I think Vitalik is well aware of this and I'm pretty sure he will think of a way out of this. however, if this continues, little by little people will turn from ethereum to BSC. Well, there are still quite a few alternatives out there. however, Vitalik needs to look at this and find a solution.
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bussybuddy
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March 17, 2021, 06:36:27 AM |
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Maybe not when I am slowly losing patience with it but still have to accept to use it and incur ridiculous transaction fees. But I will be inclined and the solution that ETH will make the network faster and cheaper, indeed the generation that I still use until now I always use it, even though there are platforms that provide a good experience. More than that, the profits from the projects on ERC20 allow me to accept those crazy fees, which would be unfair to those with small deals, but I think people will accept and wait for what's to come. Better coming to ETH.
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electronicash
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March 17, 2021, 07:24:44 AM |
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Eth price is high and so will the transaction fees, it's that simple if you look at it that way. With a solution that relies upon consensus, the miners will always want to win when it favors them. keep bugging Buterin on his account that will keep him reminded how fuckedup the network is but given that consensus will always be part of which way to go it may not really work.
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TWW
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March 17, 2021, 07:27:36 AM |
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hasn't the solution been prepared and will be released in July this year? I read some news and information from members in this forum. it seems very slow when the BSC has become an important role of Ethereum's very expensive transaction solutions. I think the momentum was taken by Binance.
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slaman29
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March 17, 2021, 08:13:58 AM |
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I don't think Vitalik cares about tokens at all... I mean, those are smart contracts that cost less than $10, anyone can create a token and for sure Vitalik sees them as shit coins. And if the fee is too high to get profit from the coin, then it was only a waste of time and a waste of resources for all.
Of course he does, he wants to make sure they are good enough and can be easy enough to do for people to want to continue to use Ethereum. No Ethereum means no money for him and his network. But yes, I don't think he cares TOO much about wanting more tokens after what ICOs did to ETH's reputation:)
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Luffygroove
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March 17, 2021, 08:15:46 AM |
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Like it or not, Vitalik has to listen to the community, apart from the illicit voice that came from airdrop and bounty hunters or not, Vitalik needs to fix this if he wants developers not moving onto BSC. In fact, for those investors who interested in investing in DeFi project that based on ethereum, this is a disaster. They need to pay expensive fees for farming and staking. Actually, ethereum is powerful, we can't deny it. However, it is replaceable by another project who sees the opportunity to be better from ethereum, one of them is BSC
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Coinsfera
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March 17, 2021, 08:33:26 AM |
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sometimes our current position is almost the same, seeing the incredible growth of Ethereum, the extraordinary achievement this year. we are happy, but besides that we also feel that something is quite concerning. well, all of you must know, GAS fees have killed traders who get tokens and coins from the results of airdrops or bounties. their wallets will become completely useless when they painstakingly spend their time, effort, and thought acquiring a few tokens for under $ 100. Until when will Vilatik and all those who have control over these increasingly crazy transaction fees come up with a solution? I agree that the BSC network has provided relief, but what about bounty hunters and airdrop hunters who get ERC20 tokens? how can Vitalik cover his ears from the screams of Ethreum lovers? let's complain together ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Hoping that the new solution by Vitalik will be the solution to the problem. No one wants to pay fees in significant amounts.
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killerfrost
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March 17, 2021, 08:37:03 AM |
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sometimes our current position is almost the same, seeing the incredible growth of Ethereum, the extraordinary achievement this year. we are happy, but besides that we also feel that something is quite concerning. well, all of you must know, GAS fees have killed traders who get tokens and coins from the results of airdrops or bounties. their wallets will become completely useless when they painstakingly spend their time, effort, and thought acquiring a few tokens for under $ 100. Until when will Vilatik and all those who have control over these increasingly crazy transaction fees come up with a solution? I agree that the BSC network has provided relief, but what about bounty hunters and airdrop hunters who get ERC20 tokens? how can Vitalik cover his ears from the screams of Ethreum lovers? let's complain together ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) No one will listen to complaints from these small matters, for ERC20 people should accept rather than complain to it because it will not help you much but only cause you more frustration. Participants in bounty or airdrop campaigns also need to understand that such free things will gradually become less and people should not expect much with such small amounts. Waiting patiently until the transaction fees drop is the only good and only option that everyone can.
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