Is Ethereum Gas Fee a Burden for You?

[bitgolden]

Their focus is indeed more on interopability, perhaps aiming for massive decentralization and can be connected to many ecosystems easily so that it is much bigger, but if you focus too much on it, it will indeed be ineffective if their TPS is bad, it will become accumulated and dangerous in the future, if it is maintained like that it will make Ethereum lag behind.

More interoperability yes, I believe it will be achieved but massive decentralization? No, I don't think so. Even not massive but only more or even a few of it, I will still doubt it. All the times, ETH is always known to be a centralized type of crypto and the more they became centralized when they switched their mechanism from POW to POS. ETH is the first altcoin and by this, their support is already huge.

It can still grow huge because day by day there are new cryptos that came out and a few of them can be the next big thing and each big crypto will also/always look for a collab because they know that it can make them much better. If we are into technicalities then we may find ETH to be a not-so-good coin but if we are only in for investing purposes, then I can say that it isn't that bad and there will always be a demand for it. In investing, it's also a good idea if one can make a diversification. For me, I will make BTC as the base of my crypto investment or portfolio, then next would be ETH and others.

As long as there is a community behind a project, not many people care about what kind of stuff there are left and we should be considering the situation a little bit similar to any other project that does fine. As long as there is a good one, we are not going to really care about what's going on, we should be fine with it and not deal with anything at all. I understand there are situations which is not that big of a deal, but this one seems like ETH is way too big compared to any other alt.

This is why I think it is going to stay powerful, while I disagree that it's centralized, it doesn't even matter in this discussion because it could be decentralized or centralized, as long as there is a massive support from the community then there is really nothing else that we can do about it.

It will stay as high as it is right now as long as there are people who are willing to invest into this, and so far we have not seen an indication that it will not do great, ETH has been great so far and all the evidence proves that it will continue to do greatly and we will not end up with anything amazing. We should just consider how things could change and how we are going to end up doing greatly.

[Akbarkoe]

As long as there is a community behind a project, not many people care about what kind of stuff there are left and we should be considering the situation a little bit similar to any other project that does fine. As long as there is a good one, we are not going to really care about what's going on, we should be fine with it and not deal with anything at all. I understand there are situations which is not that big of a deal, but this one seems like ETH is way too big compared to any other alt.

This is why I think it is going to stay powerful, while I disagree that it's centralized, it doesn't even matter in this discussion because it could be decentralized or centralized, as long as there is a massive support from the community then there is really nothing else that we can do about it.

It will stay as high as it is right now as long as there are people who are willing to invest into this, and so far we have not seen an indication that it will not do great, ETH has been great so far and all the evidence proves that it will continue to do greatly and we will not end up with anything amazing. We should just consider how things could change and how we are going to end up doing greatly.

Of course the main basis of a project to keep running is the community, they dominate the community very much and there are still many projects that depend on it getting wider and bigger, in terms of community.

A strong community will build a strong project, so far it has been very good but basically for this cycle altcoin is not so good when compared to bitcoin which has printed a new ATH in the last few months, I want to see that in ETH too but it seems not the time and because maybe the ETH community is divided so it doesn't focus on ETH as an investment but their second layer which is an alternative use of ETH.

What do you think about L2 ETH, are they the ones who influence ETH's performance in price movements in this cycle?

[milewilda]

Their focus is indeed more on interopability, perhaps aiming for massive decentralization and can be connected to many ecosystems easily so that it is much bigger, but if you focus too much on it, it will indeed be ineffective if their TPS is bad, it will become accumulated and dangerous in the future, if it is maintained like that it will make Ethereum lag behind.

More interoperability yes, I believe it will be achieved but massive decentralization? No, I don't think so. Even not massive but only more or even a few of it, I will still doubt it. All the times, ETH is always known to be a centralized type of crypto and the more they became centralized when they switched their mechanism from POW to POS. ETH is the first altcoin and by this, their support is already huge.

It can still grow huge because day by day there are new cryptos that came out and a few of them can be the next big thing and each big crypto will also/always look for a collab because they know that it can make them much better. If we are into technicalities then we may find ETH to be a not-so-good coin but if we are only in for investing purposes, then I can say that it isn't that bad and there will always be a demand for it. In investing, it's also a good idea if one can make a diversification. For me, I will make BTC as the base of my crypto investment or portfolio, then next would be ETH and others.

As long as there is a community behind a project, not many people care about what kind of stuff there are left and we should be considering the situation a little bit similar to any other project that does fine. As long as there is a good one, we are not going to really care about what's going on, we should be fine with it and not deal with anything at all. I understand there are situations which is not that big of a deal, but this one seems like ETH is way too big compared to any other alt.

This is why I think it is going to stay powerful, while I disagree that it's centralized, it doesn't even matter in this discussion because it could be decentralized or centralized, as long as there is a massive support from the community then there is really nothing else that we can do about it.

It will stay as high as it is right now as long as there are people who are willing to invest into this, and so far we have not seen an indication that it will not do great, ETH has been great so far and all the evidence proves that it will continue to do greatly and we will not end up with anything amazing. We should just consider how things could change and how we are going to end up doing greatly.

Surprisingly ETH is really on such condition on which even no matter how high the gas fees are but still there's really that a strong community backing up this project/coin on which means that there's no way that
it would be sitting on rank #2 in the overall market if there wasn't that kind of support. Cant really be dnied that im really that pissed when it comes to high gas fees, specially on different situations such as;

1. Making up some buy and sell on decentralized exchangers
2. Making up some transfers whether withdrawals or deposit on exchange platforms
3. Network clogged
4. Too much volatility or traffic on a certain coin

Those things above the common situations or scenarios that you are really that could possibly be able to experience and sometimes you dont have that kind of option or choice
specially if you are really that needing up to push through such transactions on which we know that this is something which is really that too painful specially on average traders or investors that only have
sufficient money that they are really having on their pockets. If you are some sort of whale then this wont really be a bothersome thing for you since you could be able to pay up those fees without issues.

The best thing about ETH is into its smartcontracts feature and thats why it isnt shocking that community will really be always having that kind of support
because of its utility and there's no doubt with that.

[shinratensei_]

The best thing about ETH is into its smartcontracts feature and thats why it isnt shocking that community will really be always having that kind of support
because of its utility and there's no doubt with that.

the smart contract nowaday is very basic thing that every new blockchain is having though, I think the reason why ETH will always have the support because the big defis are already in ETH, AAVE for example with its 10 billion TVL completely dominate kamino, a solana defi (lending platform) with 1 billion TVL even though ethereum revenue has been low compared to solana's revenue due to the influx of capital from the meme trend.




on top of that, ETH also got the biggest USDT minting allocation from tether, so it's no wonder that despite lacking in scalability, ETH is still heavily sought after.
but the problem is, once people realizes that there's other platform out there other than the big ones in ETH, maybe the capital will move and ETH might lose some of its market capitalization.

[fikrett]

The best thing about ETH is into its smartcontracts feature and thats why it isnt shocking that community will really be always having that kind of support
because of its utility and there's no doubt with that.

the smart contract nowaday is very basic thing that every new blockchain is having though, I think the reason why ETH will always have the support because the big defis are already in ETH, AAVE for example with its 10 billion TVL completely dominate kamino, a solana defi (lending platform) with 1 billion TVL even though ethereum revenue has been low compared to solana's revenue due to the influx of capital from the meme trend.




on top of that, ETH also got the biggest USDT minting allocation from tether, so it's no wonder that despite lacking in scalability, ETH is still heavily sought after.
but the problem is, once people realizes that there's other platform out there other than the big ones in ETH, maybe the capital will move and ETH might lose some of its market capitalization.

You are right. Now everything can be gud, but more innovation may be needed to keep things going.
The market and the projects don't stay static, they evolve, and some are victorious, changing the narrative and possibilities.

[lixer]

the smart contract nowaday is very basic thing that every new blockchain is having though, I think the reason why ETH will always have the support because the big defis are already in ETH, AAVE for example with its 10 billion TVL completely dominate kamino, a solana defi (lending platform) with 1 billion TVL even though ethereum revenue has been low compared to solana's revenue due to the influx of capital from the meme trend.

That is what I'm about to say. Maybe before yeah, that ETH is the king when it comes to it but now not anymore. ETH still remains to be the king though when it comes to altcoin rankings. When I say altcoin, that already includes tokens. The reason that you said there is also the reason to what I said there.

Another reason would be is that ETH is still the most secure blockchain in the altcoin category. Its quality is also top-notch. Haven't heard of that Kamino project yet but this looks like a new project, so it is not surprising for me on why AAVE's TVL is much higher than it. With lots of projects on SOL, you only mentioned that project. It must be a rising star. That was surprising because I thought DeFi's (specifically the lending ones) are not relevant anymore.

but the problem is, once people realizes that there's other platform out there other than the big ones in ETH, maybe the capital will move and ETH might lose some of its market capitalization.

Like you said earlier, there are already new blockchains now (lots of them), and as you said again, that have affected ETH but I think this is not permanent because meme coins are only seasonal, while ETH and most of its projects aren't. This is the advantage of having a real-world use case because people always have the reason of using them. If only they don't exist, most of the demand will only go in ETH but it is still impressive of knowing the fact that ETH is still standing strong and have defended its throne.

[betswift]

The best thing about ETH is into its smartcontracts feature and thats why it isnt shocking that community will really be always having that kind of support
because of its utility and there's no doubt with that.

the smart contract nowaday is very basic thing that every new blockchain is having though, I think the reason why ETH will always have the support because the big defis are already in ETH, AAVE for example with its 10 billion TVL completely dominate kamino, a solana defi (lending platform) with 1 billion TVL even though ethereum revenue has been low compared to solana's revenue due to the influx of capital from the meme trend.




on top of that, ETH also got the biggest USDT minting allocation from tether, so it's no wonder that despite lacking in scalability, ETH is still heavily sought after.
but the problem is, once people realizes that there's other platform out there other than the big ones in ETH, maybe the capital will move and ETH might lose some of its market capitalization.

It was the first in its league.
That's why it's still up in its place under the sun.
Though this position can be undermined in the future Only time will tell.

[FortuneFollower]

As long as there is a community behind a project, not many people care about what kind of stuff there are left and we should be considering the situation a little bit similar to any other project that does fine. As long as there is a good one, we are not going to really care about what's going on, we should be fine with it and not deal with anything at all. I understand there are situations which is not that big of a deal, but this one seems like ETH is way too big compared to any other alt.

This is why I think it is going to stay powerful, while I disagree that it's centralized, it doesn't even matter in this discussion because it could be decentralized or centralized, as long as there is a massive support from the community then there is really nothing else that we can do about it.

It will stay as high as it is right now as long as there are people who are willing to invest into this, and so far we have not seen an indication that it will not do great, ETH has been great so far and all the evidence proves that it will continue to do greatly and we will not end up with anything amazing. We should just consider how things could change and how we are going to end up doing greatly.

Of course the main basis of a project to keep running is the community, they dominate the community very much and there are still many projects that depend on it getting wider and bigger, in terms of community.

A strong community will build a strong project, so far it has been very good but basically for this cycle altcoin is not so good when compared to bitcoin which has printed a new ATH in the last few months, I want to see that in ETH too but it seems not the time and because maybe the ETH community is divided so it doesn't focus on ETH as an investment but their second layer which is an alternative use of ETH.

What do you think about L2 ETH, are they the ones who influence ETH's performance in price movements in this cycle?

Regarding your thoughts, I do think they have their share in what is happening with ETH, but then again, BTC also experiences some corrections and shake-ups before the bull comes into full swing.
Overall the answer for me would be - yes, but it's not the only and the main factor going.

[dansus021]

Is Ethereum Gas Fee a Burden for You? It is frennn I mean I love the decentralized things but when it comes to fee I just like the Centralized thing hahahah I mean if you transfer from the same bank you pay no fee. Tho I don't care if they charge a low fee like a dollar or two but this

[X-ray]

Is Ethereum Gas Fee a Burden for You? It is frennn I mean I love the decentralized things but when it comes to fee I just like the Centralized thing hahahah I mean if you transfer from the same bank you pay no fee. Tho I don't care if they charge a low fee like a dollar or two but this

ethereum gas fee is really complicated and tricky thing to solve not because technicality but because it also needs to be profitable for validator and the L2 while at the same time still cheap enough for a transaction fee.



however surpisingly the other chain despite significantly less cost in term of fee compared to ETH, still make as much revenue as ETH, which means ETH is an unnecessarily expensive blockchain, because the elevated gas fee that's still unsolved to this day (although getting better fairly speaking) still, people would prefer to avoid using ethereum directly and try to find cheapest path.

though speaking about the free of charge tx between same bank in centralized entity like bank, there's something that may have chance to compete with it and yes it is, ton and tron's no tx fee for stablecoin transactions.

[libert19]

...though speaking about the free of charge tx between same bank in centralized entity like bank, there's something that may have chance to compete with it and yes it is, ton and tron's no tx fee for stablecoin transactions.

No idea about TON, but since when transactions are free on Tron? Last time I tried sending USDT, it took ~2 USD for transfer? Has things changed? Or if you are talking about staking TRX to enable free transactions, it's not really free, but still if it required little amounts of TRX staked then I would understand but it's not so, last time I checked, it required hefty amount of TRX staked to enable these free transactions.

[ethereumhunter]

No, I am not burden because of the fees because if the fees is not increase up to $5, that will be okay. But if the fees increase suddenly to more than $10, I will delay my transaction and will waits for fees decrease a lot.

Before you make a transaction, you can see how much the fees you will pay so you can decide what is best for you. If you have many Ethereums, maybe that will be no problem for you but many people don't have that so they need to delay their transaction for a while until the situation is back to normal. We need to be wise with the current situation and not force to pay the high transaction before we regret it later.

[btc78]

Recent news indicates that Ethereum gas fees have plummeted to historic lows. According to Etherscan, the average mainnet gas fee has fallen to 4 Gwei, about $0.21, with some transactions costing as little as 3 Gwei, around $0.14. Additionally, Layer 2 solutions such as Optimism, Base, Arbitrum, and Linea are seeing transaction fees below $0.01.

Burden when there is  a jump in transaction gas but when its back to normal? I still uses Ethereum for safety transacting so  for me this is not really a burden(at least for me)

[X-ray]

...though speaking about the free of charge tx between same bank in centralized entity like bank, there's something that may have chance to compete with it and yes it is, ton and tron's no tx fee for stablecoin transactions.

No idea about TON, but since when transactions are free on Tron? Last time I tried sending USDT, it took ~2 USD for transfer? Has things changed? Or if you are talking about staking TRX to enable free transactions, it's not really free, but still if it required little amounts of TRX staked then I would understand but it's not so, last time I checked, it required hefty amount of TRX staked to enable these free transactions.

I believe it's still on the work, Justin Sun promised q4 of this year, don't know whether it's end of Q4 but it's already work in progress



from my understanding though, it's still unclear whether his team trying to create different protocol tailored specially for stablecoin deployer that is gas free or trying to create his own stablecoin, it's still unclear.
but honestly I don't have too much hopes on tron blockchain.

or maybe it can be an entirely different idea, creating paymaster like protocol that allow fee paying using the stablecoin itself. so I can be wrong.