11-19-2021, 11:20 AM
I finally understand why people are so upset about ETH gas fees.
<!-- SC_OFF --><div class="md"><p>Earlier this year I did a bit of fooling around with the ETH ecosystem and found myself paying between 10-20 bucks in gas fees per transaction, as long as I was careful and monitored EthGasStation.info before making a swap, so when people complained about gas fees I just thought "hey that's the price of doing business", while I certainly empathized with people for whom 10-20 bucks represented a significant portion of their crypto investment, mine is large enough that a 20 dollar fee is totally worth the upside for any given project I think will do well. </p> <p>Well today I went to swap some coins on Uniswap, for a trade of ~175 bucks, I was getting fees of 250-300!! Holy crap! </p> <p>I understand that the fees are high because usage is high, and that the fees are a cost of keeping things relatively decentralized, but god damn when the market is popping off it's basically impossible for anyone besides a 5 or 6 + figure whale to make transactions if they're not on a Cex.<br/> It's a real shame!! I hope they can sort it out, I'd much rather have my ETH and ERC20 tokens in my own wallet instead of on an exchange, but for now it really doesn't seem feasible!! </p> <p>Anyway, rant over. Please use the comments below as a safe space to complain about gas fees or make arguments for them. Just be nice to people !</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/jsake"> /u/jsake </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qwv2v1/i_finally_understand_why_people_are_so_upset/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qwv2v1/i_finally_understand_why_people_are_so_upset/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Earlier this year I did a bit of fooling around with the ETH ecosystem and found myself paying between 10-20 bucks in gas fees per transaction, as long as I was careful and monitored EthGasStation.info before making a swap, so when people complained about gas fees I just thought "hey that's the price of doing business", while I certainly empathized with people for whom 10-20 bucks represented a significant portion of their crypto investment, mine is large enough that a 20 dollar fee is totally worth the upside for any given project I think will do well. </p> <p>Well today I went to swap some coins on Uniswap, for a trade of ~175 bucks, I was getting fees of 250-300!! Holy crap! </p> <p>I understand that the fees are high because usage is high, and that the fees are a cost of keeping things relatively decentralized, but god damn when the market is popping off it's basically impossible for anyone besides a 5 or 6 + figure whale to make transactions if they're not on a Cex.<br/> It's a real shame!! I hope they can sort it out, I'd much rather have my ETH and ERC20 tokens in my own wallet instead of on an exchange, but for now it really doesn't seem feasible!! </p> <p>Anyway, rant over. Please use the comments below as a safe space to complain about gas fees or make arguments for them. Just be nice to people !</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/jsake"> /u/jsake </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qwv2v1/i_finally_understand_why_people_are_so_upset/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qwv2v1/i_finally_understand_why_people_are_so_upset/">[comments]</a></span>Kind Regards R