Yesterday I managed to get a transaction (regular send of ERC20 tokens) for 99 gwei. Suggested was around 120 but I didn't mind waiting. Took 6 hours, but it wasn't urgent so I was happy to save about 20% which right now is about $8, not too bad.
I think if more people also sent low priority (or even edit to make it below low) on non-urgent transactions, we would help keep fees low.
even for me, $8 is quite a lot of money for the fee. yeah, but for the ethereum fee it's quite cheap. to be honest, as much as possible I still avoid using ethereum as an alternative to bitcoin because the fees are very expensive. well, for now, I tend to use BSC if looking for an alternative to using ethereum. well, I think, transactions with large fees are not very good transactions. that is my judgment. so I'm really avoiding it for the time being.
I wouldn't say cheap, I'm not thinking in terms of even dollar to fiat conversion as where I come from, $8 is a stupid amount of money to pay for a transaction. Even sending Western Union will never cost as much as that. Problem is the need to use it because some places insist to use ERC20.
Even with that, we are talking about 8 bucks, and 6 hours of waiting time. Do you think that is a proper transaction? I mean if your bank asked 8 bucks for transaction that takes 6 hours, you would be furious and call up your bank and argue with them and even seriously consider changing banks if that was the case each time around. I do not know other nations banks and their movements but in my nation it is free for me to send money and takes no time for inside the nation, and yes it is more expensive globally and takes longer but at the very least if I am sending somewhere within my nation it is free and nearly instant.
Crypto doesn't have that, if we are dealing globally then it is cheaper, but if we are sending to our friend sitting next to us, it is the same cost as sending to someone living in another nation. This is why it has to get so much lower, 8 bucks and 6 hours doesn't really work at all.
Dude, I'm not defending Ethereum here at all. I don't know why you think I am when clearly I was sharing, and in my past posts I'm not even happy (who the hell is happy paying that much for fees, and that's "low" now).
