Recently I was placed in a position where I had to put my integrity and beliefs before my writing. Publish0x is being heavily taxed to continue to pay authors and readers due to the Ethereum (ETH) gas fees which impact ETH tokens like Basic Attention Token (BAT).
They reduced the fees somewhat by only sending one payment per month instead of four, but I have to tell you guys - that's still a lot of extra money and it comes with the added expense of less frequent cashouts.
Their decision, which I disagree with - but completely respect, was to stay loyal to these currencies regardless of their current status as they are going through a rather large and unprecedented upgrade with many options for recourse in the future. However, in the short term - the Ethereum and ETH based tokens are not worth using - for now, anyway.
I always lean in favor of Nano (NANO) as it is perfect for things like this. Stellar Lumens (XLM) is another great alternative. Truthfully, there are quite a few different currencies that would solve this problem in the interim.
The main reason I am so in support of Nano, outside its functionality being superb - is that it's a lot better for the environment which is my career focus...my life's work in progress!
However, Publish0x is a loyal service - that loyalty is warranted, and in this situation, for them, it is completely warranted.
After all, Ethereum is the #2 Coin and has countless tokens operating off of it while we are on the cusp of Ethereum 2.0 which will change everything. I hate gas fees, but many find them acceptable.
They are invested more than just financially; the opportunity cost for abandoning their loyalties even temporarily could be too great long-term, so the temporary increase in fees may be worthwhile as an investment into the future of Publish0x and the tokens currently paying for our tips.
It's both admirable and a calculated economical move that they would pay more when they have the option to pay less, but you can see how it's defeating for the Publish0x team while the gas fees are high in the short term. I had hoped for cashouts every 48 to 72 hours, it appears I will be waiting a while on that count.
Well, here is how I have decided to help and I am in no way expecting anyone else to do the same.
I'm not going to cash out until gas fees go down.
I'll write, but I am not going to cash out and I'll only tip if I really like an article. This is my way of repaying Publish0x and my followers; they cannot be hit with gas fees if I don't cash out, and my followers won't lose content if I publish without payment.
Now, since I am going to essentially write without getting paid for an unknown amount of time, I thought I'd have some fun with it.
I am open to article challenges.
Nothing too in-depth, I am in school and working full-time, after all! But, I'd like to write about what you'd like to hear about during this time.
So long as it's a crypto-related coin, token, service, or anything crypto-related - I am willing to take a look.
Additionally, anyone who can guess the day that ETH gas fees will go down will get a cut of my cashouts when they do!
Things I deem to be most worth writing about (demand is a factor) will be the first things I write about. I'll write about other things, too, of course.
I hope this serves as an acceptable response to the problem that was yesterday, and I hope you all made some sound investments!
Stay smart & Stay Safe everyone.
Questions and comments are always welcome.
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