12-13-2021, 10:35 AM
Eth gas fees are dumb and will be remembered like thousand dollar dialup bills in th
<!-- SC_OFF --><div class="md"><p>No one should have to pay $25-$50 just to send any amount of money or approve a simple contract. If a bank charged you that amount to open a bank account, then another time to deposit your money, you just wouldn’t use it.</p> <p>I hope in the coming years that the gas fees will be reduced to a fraction of a cent - kind of like Harmony’s right now at their current transaction load. That, or more developers begin looking at building on networks with lower gas fees as their TVL grows, though none are anywhere close to Ethereum’s at the moment.</p> <p>How does everyone feel about gas at the moment, and where we will be a year or two later? All the smaller networks are starved for apps, especially games right now :/</p> <p>---</p> <p><em>Edit: Just wanted to add on that I do know of and use L2 solutions - mainly borrowing platforms and DEXes. After reading some understandably angry comments I've learned a little more about them and how they leverage the Ethereum Network for scalability while protecting decentralization, though I'm nowhere near qualified to comment on the tech.</em></p> <p><em>I guess my main point was that many of the more desirable or attractive projects or games (current and upcoming) are housed on L1 and are what currently draws new user interest, only for them to be turned away by the gas fees that first-timers are almost certainly going to be taken aback by. Considering present circumstances, that's just not great for new adopters, though I'm sure it'll level out sometime in the future.</em></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/yellowAbleWheel"> /u/yellowAbleWheel </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/reopjv/eth_gas_fees_are_dumb_and_will_be_remembered_like/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/reopjv/eth_gas_fees_are_dumb_and_will_be_remembered_like/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>No one should have to pay $25-$50 just to send any amount of money or approve a simple contract. If a bank charged you that amount to open a bank account, then another time to deposit your money, you just wouldn’t use it.</p> <p>I hope in the coming years that the gas fees will be reduced to a fraction of a cent - kind of like Harmony’s right now at their current transaction load. That, or more developers begin looking at building on networks with lower gas fees as their TVL grows, though none are anywhere close to Ethereum’s at the moment.</p> <p>How does everyone feel about gas at the moment, and where we will be a year or two later? All the smaller networks are starved for apps, especially games right now :/</p> <p>---</p> <p><em>Edit: Just wanted to add on that I do know of and use L2 solutions - mainly borrowing platforms and DEXes. After reading some understandably angry comments I've learned a little more about them and how they leverage the Ethereum Network for scalability while protecting decentralization, though I'm nowhere near qualified to comment on the tech.</em></p> <p><em>I guess my main point was that many of the more desirable or attractive projects or games (current and upcoming) are housed on L1 and are what currently draws new user interest, only for them to be turned away by the gas fees that first-timers are almost certainly going to be taken aback by. Considering present circumstances, that's just not great for new adopters, though I'm sure it'll level out sometime in the future.</em></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/yellowAbleWheel"> /u/yellowAbleWheel </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/reopjv/eth_gas_fees_are_dumb_and_will_be_remembered_like/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/reopjv/eth_gas_fees_are_dumb_and_will_be_remembered_like/">[comments]</a></span>Kind Regards R