Is Ethereum going to Die? - page 36.

Kong Hey Pakboy

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Quote from: speedforce on December 01, 2020, 01:26:08 AM

Quote from: malikg18 on November 30, 2020, 10:22:57 PM

when we talk about only Ethereum as a coin it is not dying, it is following Bitcoin .Now it is trading above 600$ and moving towards about its ATH. yes if we talk about Ethereum network it is paining us with its Gas fee, slow transaction ,transaction failure.If eth overcome all these things then it is always number 2.

IMO ETH 2.0 will overcome all of that problem, but maybe the price will drop after that. Because so many eth staked and Nobody want to make the price higher since no miner reward, dont know, just my opinions

The developers have promised that the upcoming ETH 2.0 will definitely overcome all of the problems and issues to its network, such as high gas fees. Also, Ethereum is one of the top coins in the crypto market next to bitcoin; that is why Ethereum will not die because many projects are using its platform to run and create decentralized applications and enable smart contracts.

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Quote from: Banulit on November 30, 2020, 09:58:26 PM

Now that the ethereum 2.0 is approaching it will definitely fix all the problem regarding the unstable and higher gas fee that ethereum blockchain is having right as of the moments. And because of this developments and upgrades it will surely attract a plenty numbers of investors that will create a huge pump on the ethereum market price which is really a good indicator that the platform is continuously progressing.

I hope that what you say is a much-awaited reality for all those who are already confused about the current ethereum gas fee. I hope that with the arrival of ethereum 2.0, it will be able to reduce and change what has become a quite complex issue and is detrimental to small participants with ethereum gas fees.

the problem is whether the new system will change the way from ethereum? This is still a question because it seems that ethereum sees too much traffic in ethereum's movements to be used as gas fees to be increased, so when the traffic is reduced, the gas fee becomes small.
We know that ethereum's traffic is currently increasing, but it cannot be a reason for justification.

speedforce

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Quote from: malikg18 on November 30, 2020, 10:22:57 PM

when we talk about only Ethereum as a coin it is not dying, it is following Bitcoin .Now it is trading above 600$ and moving towards about its ATH. yes if we talk about Ethereum network it is paining us with its Gas fee, slow transaction ,transaction failure.If eth overcome all these things then it is always number 2.

IMO ETH 2.0 will overcome all of that problem, but maybe the price will drop after that. Because so many eth staked and Nobody want to make the price higher since no miner reward, dont know, just my opinions

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Quote from: uneng on November 30, 2020, 09:27:41 PM

I see people complaining about bitcoin fees, I see people complaining about Ethereum fees and they are still the strongest currencies in this market.
High fees mean there are many people transacting with these currencies so they aren't going to die. If you think this way there is some benefit on the issue you pointed. Furthermore ethereum has the base protocol for many altcoins projects. It's one of the very few altcoins which have a practical usage, what means its price has a reason besides pure speculation. There is no reason to fear eth investment at this moment.

Well said. It is true that Ethereum remains the Gold standard for smart contract chains and apps and has potential to make further gains and even it can hit $800 before the year ends. The issue is there are many competitors in smart contract Business who offer better service with lower fee so obviously they will share its business. As Investor I strongly believe intrinsic value of Assets based on their potential to grow , so obviously will choose those assets for huge gains in future. Polka dot, ADA are going to give tough time to Ethereum in future.

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when we talk about only Ethereum as a coin it is not dying, it is following Bitcoin .Now it is trading above 600$ and moving towards about its ATH. yes if we talk about Ethereum network it is paining us with its Gas fee, slow transaction ,transaction failure.If eth overcome all these things then it is always number 2.

Banulit

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Now that the ethereum 2.0 is approaching it will definitely fix all the problem regarding the unstable and higher gas fee that ethereum blockchain is having right as of the moments. And because of this developments and upgrades it will surely attract a plenty numbers of investors that will create a huge pump on the ethereum market price which is really a good indicator that the platform is continuously progressing.

uneng

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I see people complaining about bitcoin fees, I see people complaining about ethereum fees and they are still the strongest currencies in this market.
High fees mean there are many people transacting with these currencies so they aren't going to die. If you think this way there is some benefit on the issue you pointed. Furthermore ethereum has the base protocol for many altcoins projects. It's one of the very few altcoins which have a practical usage, what means its price has a reason besides pure speculation. There is no reason to fear eth investment at this moment.

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Quote from: Sayeds56 on November 18, 2020, 11:28:29 PM

I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

strange, you said you are a long term supporter of ethereum, but you ask something that you should not asked about ethereum my friend
for me ethereum will stay alive, even a lot of project better than ethereum born, but for sure ethereum will stay become the TOP altcoins in this crypto world

edandrada

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after 2.0 ethereum price will rise 0.1 btc slowly.
in 3 or 4 year, with the limitless supply of ethereum, eth market value will pass btcs market value

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Quote from: Farma on November 19, 2020, 01:34:23 AM

we don't know what lies ahead. however, the fact is that ethereum is still the best altcoin to date. to be honest I am also a long-term supporter of ethereum, and believe in its development. large fees also occur because of so many transactions, and this is also the case with bitcoin. however, I still believe that ethereum will maintain its current position.

For the past two years, I have seen many posts like Ethereum will die, since then it has gained grounds and become stronger and stronger. As it is the best network for creating smart contracts, so many other cryptos have also been using ethereum platform and most of other projects have been using Ethereum blockchain for launching ICOs. This year has been all about DeFi (open finance) and its revolutionary potential to reshape finance, so Ethereum has become even more important, as DeFi is using Ethereum blockchain.

huiji2011

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The only possibility this could come true i think it was ETH network keeping expensive gas fees and congesting all the time，and that is the sign that ETH going to die i deem.
But the reality is，high gas fees and congestiong only just temporary.
And BNB，EOS，DOT take ETH‘s place，at leat for now i do not see any indication.

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Quote from: marilynmanson21 on November 29, 2020, 10:21:54 PM

Quote from: ?? on ??

everyone is waiting for eth 2.0 so that the cost of GAS will be cheap, this is what everyone expects. Personally, every time I swap at Uniswap, I have to wait for low GAS costs so that I don't pay so much.

Yes, ETH 2.0 update will bring ETH to be better and I am sure ETH will not die because so many investors support it, not only that ETH network is very much needed by new projects, so there is no need to worry about ETH will die.

But what if Ethereum 2.0 update does not improve gas situation? Who will win if the gas price goes down - traders. But who will lose with low gas fee - miners. Will miners be happy to keep their hardware working for a lower payment? No. How they will compensate their losses? I think with creating longer confirmation time. Imho this will cause devs and users to switch to other blockchains. Like Tron or Stellar. They have lower fees and are more faster then Ethereum. I don't think that Ethereum will die, but with 2.0 release nothing will change much.

Quote from: ?? on ??

Obviously, because ETH is a token that no one doubts, even before...

It is a coin

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Quote from: Sayeds56 on November 18, 2020, 11:28:29 PM

I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

If high gas fee can kill a crypto project Ethereum should be dead right now because in 2017 Eth users spend up to 40$ or more for a single transaction fee, that haven't happened this year and you are already complaining? Gas fee can't kill a project like Ethereum because it has a very special utility that's well adopted by users and devs

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Quote from: Sayeds56 on November 18, 2020, 11:28:29 PM

I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

Ethereum developers are actually creating a great job since they actually developed another thing that is called DeFi or Decentralized Finance which is actually a booming platform right now. Some Alternate Cryptocurrencies are utilizing Ethereum's property to create this kinds of projects but its truly alarming because of the high fees that Ethereum have. However, we really cannot see Ethereum losing its value since its Bitcoin's number two and some Alternate Cryptocurrency already branched for ETH so it would be impossible for it to die.

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Quote from: ?? on ??

Quote from: marilynmanson21 on November 29, 2020, 10:21:54 PM

Quote from: ?? on ??

everyone is waiting for eth 2.0 so that the cost of GAS will be cheap, this is what everyone expects. Personally, every time I swap at Uniswap, I have to wait for low GAS costs so that I don't pay so much.

Yes, ETH 2.0 update will bring ETH to be better and I am sure ETH will not die because so many investors support it, not only that ETH network is very much needed by new projects, so there is no need to worry about ETH will die.

Ethereum will not die in the near future, because many ecosystems have been born there, such as Defi,
and several other categories on the Ethereum platform, but indeed the thing that users regret the most is about Gas fees.

its the eth fees is the one that can kill itself not those avalanche , dot , etc coins that are said a big threat and can potentially end the life of eth .

the problem on eth fees only arises on this quarter/year but if i remember we have no problems like that on eth before but we shouldnt worry because eth team wont let their beloved eth die only for the high gas cost .

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Quote from: Sayeds56 on November 18, 2020, 11:28:29 PM

I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

Looks like you are not aware of the incoming 2.0 Version release in December 1?Maybe with this Update Some Issues will be answered and addressed .

But of course Vitarin Won't Let His Coin Die and I'm sure the Support from the Community is intact and Fees are only for those who wanted to get But not for those who are investing.

And literally saying about Being aLong time believer of Ethereum?maybe you should be the one who support and understand the situation.

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Quote from: Sayeds56 on November 18, 2020, 11:28:29 PM

I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

Ethereum gas fee shouldn't be a problem right now comparing to the insane gas fee we witnessed in 2017 after Ethereum hits 1400$+ , right now you can still make transactions with 1$-6$ max, I know that not everyone can afford this but I'm just trying to clear a point that even with high gas fee some people will still continue to use Ethereum, this morning you can make transaction on eth blockchain with 0.55$ maximum, Ethereum is way too big to go down because of gas fee

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Quote from: SaRmY on November 28, 2020, 07:45:00 AM

I don't think this is possible today. I haven't seen such a frenzied demand for decentralized projects for a long time. All the same, Eth will go even higher. Maybe even break the previous record.

The frenzied demands now fades out though. For example Defi right now is not as hot as it was before and instead so many garbage tier project disguising as defi appearing and doing some rug pulls which in turn makes people lost a lot of money.
Even like that, the already existing defi projects that are popular could add some eth demands to the platform because they have many users.
TBH I'm expecting that ETH 2.0 somehow make the price go up because quite the amount of ETH got staked but maybe that's not enough.

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Quote from: Sayeds56 on November 18, 2020, 11:28:29 PM

I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

I think that the developer is now working hard to resolved this problem regarding the huge fee in ethereum blockchain. Also, now that they are almost done with the their current development which is the Eth 2.0 it will definitely make the works of this platform better and more user-friendly.

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Yes, it is actually relieving to see that the fees are steadily going down. This will improve user's experience with ETH as many will be able to deal with the said coin and thus, it will boost consumer confidence with the said cryptocurrency. I myself has profited and also has good experience when it comes to transacting in Ethereum, so it will not come as a surprise if the devs will further develop it so that it will be more user-friendly and trusting. We will continue using ETH as it is second best to Bitcoin.

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