Rates, commissions, Gas, ... call it what you want !!

Rates, commissions, Gas, ... call it what you want !!

By Tirria | Doggy Talk's Reflections | 6 Feb 2021


1
Good afternoon, people!
 
I've been thinking about it for a while and I'm sure I'm not the only one. I do not think that today there is even someone in this world who has not suffered the high commissions charged in the ethereum network. The problem itself, from my point of view, is the overcrowding of said network. 70% of the projects and transactions in the crypto world are developed in it. This has been causing the transaction fees to rise as their number rises. I have read several times that it was caused by the price of the currency itself (Ethereum in this case) but I don't think that is really the case. You just have to see the price of transactions in any other network to see that it never comes from this variable.
 
These fees have really become prohibitive for the vast majority of users ... or so I understand that I consider myself to be the majority and I really have had to paralyze a large part of my operations because they not only reduced my small percentage of profit, it is which ultimately become debt operations ... you pay 3-4 times more than what you were ultimately going to receive as a benefit. Without going any further, I have paralyzed, for example, this morning farming in Harsvest Finance because literally the benefits of getting into a pool or farm pay me out, but in spades ...
 
In my opinion, this world, not being centralized or managed by anyone, means that this type of project has two options ... or disappearance, which is what I think will end up happening, or only those who move big will enter it. amounts of money. In the end, I think that the vast majority of those who move through these places, we do it with the few savings that we have been getting in our shitty jobs, what is usually not large sums of money, and if to move 100 dollars I have to pay 45 fees, I don't think there is anyone who prefers this type of transaction to those of a lifetime.
 
Therefore, and correct me if you do not agree please, I think that in not too many months, either these transactions decrease their amount drastically or the vast majority of users will have to leave the crypto world. Unless, and sometimes not, that you dedicate yourself to hold, practically nothing pays off. In my case, I have migrated to networks like binance's for that reason, but if it follows in the footsteps of ERC-20, I honestly believe that the days are numbered. Maybe I'm wrong or my low information leads me to think that, all kinds of comments are allowed, of course ... but at my level of investment it has become a total prohibition.
 
 
A warm and humid greeting, ladies !!


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Tirria
Tirria

Estudioso y fanático del mundo crypto y la tecnología blockchain. Me encanta la cocina, la naturaleza, los cultivos de cualquier tipo, animales y la vida sana. Culo inquieto manquepierda!!


Doggy Talk's Reflections
Doggy Talk's Reflections

Reflections on life, love, society ... Diary of a sane philosopher on a crazy planet

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