11-21-2021, 08:31 PM
What if gas fees never go down?
<!-- SC_OFF --><div class="md"><p>I’ve had an epiphany about this. What if the high gas fees never go down, and it’s all okay because we are witnessing the “fat protocol theory” at work. </p> <p>The fat protocol theory is that the value will naturally flow to the base crypto that other layer cryptocurrencies, and projects like NFT are built on. </p> <p>The main protocol still remains valuable but the demand stays high because it’s the consolidation layer for NFT, layer 2 currencies, and crypto gaming. </p> <p>You’re not expected to use the main crypto as a retail defi investor. It’s still valuable to own, but unless you can afford the gas fees of the main protocol, you just use the cheaper layer 2 and let them resolve it for you. </p> <p>To take the gas analogy further. You aren’t tapping into the crude oil pipeline to fill up your car, it has to first go through a refinery that converts it into a form you can use.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/cohonan"> /u/cohonan </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qynm6z/what_if_gas_fees_never_go_down/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qynm6z/what_if_gas_fees_never_go_down/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I’ve had an epiphany about this. What if the high gas fees never go down, and it’s all okay because we are witnessing the “fat protocol theory” at work. </p> <p>The fat protocol theory is that the value will naturally flow to the base crypto that other layer cryptocurrencies, and projects like NFT are built on. </p> <p>The main protocol still remains valuable but the demand stays high because it’s the consolidation layer for NFT, layer 2 currencies, and crypto gaming. </p> <p>You’re not expected to use the main crypto as a retail defi investor. It’s still valuable to own, but unless you can afford the gas fees of the main protocol, you just use the cheaper layer 2 and let them resolve it for you. </p> <p>To take the gas analogy further. You aren’t tapping into the crude oil pipeline to fill up your car, it has to first go through a refinery that converts it into a form you can use.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/cohonan"> /u/cohonan </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qynm6z/what_if_gas_fees_never_go_down/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qynm6z/what_if_gas_fees_never_go_down/">[comments]</a></span>Kind Regards R