ETHEREUM NETWORK WHAT HAPPENED?
A user just paid $2.6 million in transaction fees to send $130 of ETH. I could've bought a house with that fee!
Recently, everyone is complaining about the gas fee for being too expensive. There are several reasons for that based on my own observation.
Some of us might know that forsage.io and xoxo network. Both of them are created with Ethereum Smart Contract. It allows user to deposit their ETH to buy a slot for themselves for affiliate marketing. When a user joined as their downline, they will get pay with ETH, the program will not be stop until no more user joins the pool. In my opinion, this is a pyramid scheme. The last one who joins the game definitely will not get paid! Some of us might be selfish and think that "he/she will not be the last person to join the game", hence, bringing more and more people to join the money game. What you don't know is, the creator is always on the top of the pyramid. Surprisingly, people don't care about it even though it sounds like a pyramid, because they can earn, but they do not think about the others, only care about themselves. This is just so selfish don't you think? The creator who is always on the top of pyramid is laughing hard while you guys are working hard to scam another innocent people!
GETTING PAID FOR INVITING, WHAT DO YOU THINK?
I'm not calling that the system is pyramid scheme or gifting scheme, I don't have the right, but the structure is just a mirror of those schemes. I'm here to raise the awareness among the crypto community right now. People just doesn't care as long as they can earn. Isn't it just showed that how selfish people are? The society/community shouldn't be this bad, we should be clear of what are we doing and what should we be doing. Those schemes does not help in crypto adoption but it just getting worse for the crypto adoption. Stop being selfish and save the crypto community!
Those constant millions of transactions of ETH via the smart contract through those schemes is just making the ETH network to be more complex and people are getting worried about the gas fee! Changing the gas limit might be a way to lighten the gas fee, but this the scheme will not be stopped and it will be causing the devaluation of ETH in the future. I know that everyone wants to get 32 ETH as soon as possible to prepare the born of ETH 2.0. But there should be a better way, instead of TAKING ADVANTAGE OF OTHERS? We can trade, exchange, stake or even visiting faucets to earn them for free!
I hope that those who are planning to join the schemes, please think twice. I might be a nobody, I can't control how they spend their crypto, I'm powerless, but I really hope that our technology should be implemented for goods. I always believe that doing good deeds will be paid, not today, but surely one day you will be.
Those who agree with me, do hit a thumb up button and share my message to the global community, at least for the whole crypto community, especially for the HODLERs of ETH.