I was also disappointed with the Ethereum network which has very high gas fees, but the way CZ promotes BSC is not very good. I believe CZ
the smart guy with his success made Binance the number one exchange, and made the price of BNB go up quite significantly this year.
But writing tweets dropping Ethereum is not a good thing to do, there are still many creative ways that CZ can use to make ETH users switch
to using BSC without having to vilify Ethereum.
Topic: "People who have invested on ETH soon will be poor", said CZ #BSC (Read 794 times)
March 24, 2021, 04:19:40 PM
I was also disappointed with the Ethereum network which has very high gas fees, but the way CZ promotes BSC is not very good. I believe CZ
the smart guy with his success made Binance the number one exchange, and made the price of BNB go up quite significantly this year.
But writing tweets dropping Ethereum is not a good thing to do, there are still many creative ways that CZ can use to make ETH users switch
to using BSC without having to vilify Ethereum.
He's smart and that's why he's advertising in that way. BSC is going to be the next big thing based on his mindset since he owns the protocol and network.the smart guy with his success made Binance the number one exchange, and made the price of BNB go up quite significantly this year.
But writing tweets dropping Ethereum is not a good thing to do, there are still many creative ways that CZ can use to make ETH users switch
to using BSC without having to vilify Ethereum.
But it's not too late for Ethereum devs to fix what they have to fix and that's about to happen very soon.
March 24, 2021, 03:11:41 AM
ETH version 2 aka ETH. 2.0 will be launched their final phase around in the end 2021 or early 2022
https://cointelegraph.com/news/when-will-ethereum-2-0-fully-launch-roadmap-promises-speed-but-history-says-otherwise
Time to move on to Binance Smart Chain, shall we?
#BSC
The logic is that if people pay too much and they are not comfortable with that it would mean that we are going to end up with ETH at zero, it just means that people will stop paying that much eventually, people can only pay what they can pay and if people can't pay this, that means they will not be able to pay this high prices so the transaction fee will have to go down by force, people are capable of paying it and fine with it and that is why it goes up, if nobody paid for transactions at this price and everyone started paying under 10 gwei, you would see how it would drop but right now there is a lot of attention hence why it's expensive.
March 19, 2021, 01:55:56 PM
Quote
Once they realize later development is still on ETH 2.0, they will move back. Like you said, defi will die.
ETH 2.0 is promising to resolve the issue and DeFi death call is a good contributor.Those are good and used because you can trade coins from one place to another, and that is why it will not be going away anytime soon. There is nothing we should be worried about in the defi world because it is not only created but also used a lot, the way it is used is the main reason why it will not be going away anywhere any time soon.
March 17, 2021, 10:12:26 PM
There may be many people complaining about the speed and transaction fees on the ERC20 network, but in the long term, I think Binance is not a competitor that can beat Ethereum.
March 17, 2021, 08:12:59 PM
CZ mad a statement like this without any solid proof and I believed that his aggressive comments is attempting to deceive eth holders, which he thought could create panic. However, that doesn't mean serious because if people would turn their back against this crypto asset it would have affect the price right now. FUD started working nowadays, don't get easily fooled with it.
CZ is right but he exaggerated the level of truth. If you don't count the potential income and profit from investment into ETH or BNB, and simply consider about the loss from transaction fees on the two chains. CZ is very correct because people lose more money for transactions on ETH chain rather than on BSC chain. The loss is bigger for small transactions. The poor get poorer with ETH transactions, correct. Even the rich who get more profit from ETH investment, they will still lose big money in ETH transaction fees. Obviously, the loss in transaction fees for the rich and their big transactions are not big in % but in USD value, it is big. 
March 17, 2021, 07:32:18 PM
ETH version 2 aka ETH. 2.0 will be launched their final phase around in the end 2021 or early 2022
https://cointelegraph.com/news/when-will-ethereum-2-0-fully-launch-roadmap-promises-speed-but-history-says-otherwise
Time to move on to Binance Smart Chain, shall we?
#BSC
CZ mad a statement like this without any solid proof and I believed that his aggressive comments is attempting to deceive eth holders, which he thought could create panic. However, that doesn't mean serious because if people would turn their back against this crypto asset it would have affect the price right now. FUD started working nowadays, don't get easily fooled with it.
March 17, 2021, 04:04:31 PM
He didn't say anything wrong, if eth network fee doesn't reduce as soon as possible than many users will move away from it. Still a lot of projects going to move ETH to Binance Smart Chain because their users can't able to trade due to higher eth transaction fee. BSC going to be a big competitor for the ETH in the future.
I just feel this is a cross-platform competition, and we're sober enough to figure out what's good for us. There may be many people complaining about the speed and transaction fees on the ERC20 network, but in the long term, I think Binance is not a competitor that can beat Ethereum.
I also really like the current BSC as it is helping me to solve more trading problems, and I also like CZ's ambitions for this market.
March 17, 2021, 12:44:01 PM
He didn't say anything wrong, if eth network fee doesn't reduce as soon as possible than many users will move away from it. Still a lot of projects going to move ETH to Binance Smart Chain because their users can't able to trade due to higher eth transaction fee. BSC going to be a big competitor for the ETH in the future.
March 17, 2021, 08:57:41 AM
In terms of a business competition, Binance Smart Chain is one a step ahead of the Ethereum platform. They dare to offer low fees to attract the attention of new projects to use the BSC platform. Seeing the breakthroughs made by the Binance Smart Chain, Ethereum a development team will definitely put up a fight to maintain its position as the 2nd best cryptocurrency after a bitcoin. Yeah, Ethereum 2.0 would be a very logical answer to regain dominance ETH.
It is tip of iceberg and Ethereum had same period in 2017 when it took the chance when bitcoin network was congested. Vitalik that time said Ethereum network won't be congested. Not too long later, a few months later, Cryptokitties and some bad ICOs make Ethereum network congested. If I recall correct, the congestion on Ethereum network needs more time to resolve than Bitcoin network.Until the next bad thing happens to BSC,,, people will move to where it is fastest and cheapest but personally I think a lot of projects had the same choice in the past with NEO (china) and WAVES (Russia) but still they stuck on Ethereum.
Fee is the most attraction but chains will be full, congested and free at different times. Ethereum network won't be congested forever, high fee won't last forever. People will choose Ethereum again for their safety.I use to be a Ethereum supporter in the last few years but i am so disappointed on how this progress since last quarter of 2020.
though it made another ATH yet not enough for my expectation as comparable to Bitcoin increase? Ethereum is too far than what we can find while other altcoins is pumping high and high at Her back.
If you compare so, you need to compare many altcoins with bitcoin. Bitcoin is the leader of this market. There are not many altcoins have bigger increases than bitcoin if you're saying about old altcoins. New altcoins and new tokens are fully hyped. though it made another ATH yet not enough for my expectation as comparable to Bitcoin increase? Ethereum is too far than what we can find while other altcoins is pumping high and high at Her back.
March 10, 2021, 08:55:33 AM
ETH version 2 aka ETH. 2.0 will be launched their final phase around in the end 2021 or early 2022
https://cointelegraph.com/news/when-will-ethereum-2-0-fully-launch-roadmap-promises-speed-but-history-says-otherwise
Time to move on to Binance Smart Chain, shall we?
#BSC
though it made another ATH yet not enough for my expectation as comparable to Bitcoin increase? Ethereum is too far than what we can find while other altcoins is pumping high and high at Her back.
March 10, 2021, 08:44:15 AM
Time to move on to Binance Smart Chain, shall we?
#BSC
Binance Smart Chain gives low transaction fees and with the migration of DeFi projects from ERC-20 chain to Binance Smart Chain, they will not come back to ERC-20 chain soon. I don't agree with CZ that Ethereum investors will be poor because of transaction fees on ERC-20 chain. They can get money from ERC-20 tokens and Ethereum.#BSC
After DeFi projects die, Ethereum with ETH 2.0 will get their dominance back. It will take time and might take to one year.
Until the next bad thing happens to BSC,,, people will move to where it is fastest and cheapest but personally I think a lot of projects had the same choice in the past with NEO (china) and WAVES (Russia) but still they stuck on Ethereum.
Once they realize later development is still on ETH 2.0, they will move back. Like you said, defi will die.
March 10, 2021, 02:46:32 AM
Binance Smart Chain gives low transaction fees and with the migration of DeFi projects from ERC-20 chain to Binance Smart Chain, they will not come back to ERC-20 chain soon. I don't agree with CZ that Ethereum investors will be poor because of transaction fees on ERC-20 chain. They can get money from ERC-20 tokens and Ethereum.
After DeFi projects die, Ethereum with ETH 2.0 will get their dominance back. It will take time and might take to one year.
In terms of a business competition, Binance Smart Chain is one a step ahead of the Ethereum platform. They dare to offer low fees to attract the attention of new projects to use the BSC platform. Seeing the breakthroughs made by the Binance Smart Chain, Ethereum a development team will definitely put up a fight to maintain its position as the 2nd best cryptocurrency after a bitcoin. Yeah, Ethereum 2.0 would be a very logical answer to regain dominance ETH. After DeFi projects die, Ethereum with ETH 2.0 will get their dominance back. It will take time and might take to one year.
March 09, 2021, 10:38:19 AM
Time to move on to Binance Smart Chain, shall we?
#BSC
Binance Smart Chain gives low transaction fees and with the migration of DeFi projects from ERC-20 chain to Binance Smart Chain, they will not come back to ERC-20 chain soon. I don't agree with CZ that Ethereum investors will be poor because of transaction fees on ERC-20 chain. They can get money from ERC-20 tokens and Ethereum.#BSC
After DeFi projects die, Ethereum with ETH 2.0 will get their dominance back. It will take time and might take to one year.
March 09, 2021, 10:30:54 AM
He made that statement to continuously compete with Ethereum which I think isn't a mature way of lifting his coin up. He shouldn't drag down another coin just to make people believe that it's better than ETH. Let BNB reach its own achievements in a positive way without ruining the name of Ethereum.
The statement made by CZ BINANCE is only a one-sided claim, so far there has been no response from Ethereum regarding the tweet made by CZ. Maybe the Ethereum Team is focused on completing the Ethereum 2.0 rollout, so the Ethereum team doesn't have to respond to silly tweets like that, because CZ statement will be answered after Ethereum 2.0 is launched. 
March 07, 2021, 04:32:31 PM
What a funny tweet by CZ it looks like he trying to get down the Eth but yep I agree with him.. Eth will be sink because of the high gas fee.. BSC is getting popular so maybe in the future Eth will go down in the rank and BNB will be taking the second position.
There's still a need for improvement for ETH especially now that fees went too high yet the transaction didn't make it faster. Maybe its a challenge to ETH to be better since there are plenty of coins that can move up and replace them. Many can take it seriously and think of it as a challenge and not just a tweet to let them down but a signal to ETH to make some move to be better. March 07, 2021, 04:25:49 PM
He made that statement to continuously compete with Ethereum which I think isn't a mature way of lifting his coin up. He shouldn't drag down another coin just to make people believe that it's better than ETH. Let BNB reach its own achievements in a positive way without ruining the name of Ethereum.
March 07, 2021, 04:14:46 PM
Time to move on to Binance Smart Chain, shall we?
#BSC
If you are planning to create a project or you have a project running in ETH then you can move to Binance smart chain, other than that if you think that the price of BNB will rally you invest in their coin and looks like you have invested heavily in it and CZ is trying hard to attract projects to use their chain and he might be offering some other options like discounts to list the coins in the exchange and with ETH transactions getting delayed we will see some projects moving to BSC. #BSC
March 07, 2021, 04:04:44 PM
He starts being ugly lol. I will never invest in his centralized network and its projects. It does not matter how much I will gain from them. If I do not buy ETH, there are plenty of decentralized options, Dot, ADA, Cosmos, Avax etc. etc. BSC network will be at the end of this list.
Changpeng Zhao always put his business before anything else and we have seen that when Binance was hacked he even tried for a BTCitcoin rollback which is really crazy and he thought it was possibly if he could convince some miners and the only thing he misunderstood was that in ETH you can roll back if there is a major hack but not in a decentralized coin like BTCitcoin and majority of the users are here to make profit irrespective of centralized or decentralized. 
March 07, 2021, 03:27:19 PM
What a funny tweet by CZ it looks like he trying to get down the Eth but yep I agree with him.. Eth will be sink because of the high gas fee..
It will sink if nothing happens with the solution that the ETH devs has said.BSC is getting popular so maybe in the future Eth will go down in the rank and BNB will be taking the second position.
It will surely replace ETH in terms of projects choice because of the high gas fees. BSC is the other option these days because it's performing well. Jump to: