"People who have invested on ETH soon will be poor", said CZ #BSC - page 4.

bassbity

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Quote from: Dedewahyu on March 01, 2021, 05:34:32 AM

I don't like tweets like that, this competition is not good. GAS costs are a big issue on the Etherium network, and even Binance Smart Chain will suffer the same.

Indeed, it does not rule out the possibility that BSC will be like that, but in the current time, I will not be too sure, because BSC should be able to tempt Ethereum users with cheap BSC fees first. it took quite a while to attract a large audience. so while it is running and still using cheap rates, it doesn't hurt for us to take advantage of the current conditions. as traders we don't want to know, what we want is that transaction costs are cheap and affordable for all groups, including small traders who are struggling to have an advantage in a crowded market.

Dedewahyu

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I don't like tweets like that, this competition is not good. GAS costs are a big issue on the Etherium network, and even Binance Smart Chain will suffer the same.

LastKiss

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It's true based on the huge fees we need to pay for each transaction but it worth since many of my altcoins growing up too, but all I see now many coins got correction such like BNB itself so if this down trend continue to those who invest in ETH nor BNB at the peak will get big loss soon Tongue

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Network for rich guys so I am a rich guy? BSC is the network for rich people who can afford buying overpriced supermarket loyalty coins that are premined and just keep bloating in supply or randomly burnt.

Who are we kidding when we come to the point BSC is the better choice than Ethereum?

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Quote from: sujonali1819 on February 28, 2021, 01:21:55 PM

To be honest ETH is more useless than bitcoin nowadays . And not only eth but also All tokens from eth platform is really useless and I afraid to make a transaction on eth platform.

I paid ~$60 and ~$80 fees for doing a eth token exchange in uniswap. Lol. From that time I started to think maybe this will not big in future due to it’s fee.

If this really run for a long most of the project will migrate to BSC (Binance smart chain), and already it’s started. So I think what the tweet said is atleast a little bit correct.

Everyone can read what he said? Why you guys need to pay $60-$80 only for 1 trade while you can pay only $0.5-$1 from BinanceSmartChain?

Quote from: Tytanowy Janusz on February 28, 2021, 12:15:34 PM

~snip

Doesn't matter we are ETH investor or user, as ETH investor, your investment would decreased when people prefer to choose BSC instead ETH, and as ETH user, when you need to pay the gas, you must buy ETH first and the fee is crazy compared BSC

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Quote from: Tytanowy Janusz on February 28, 2021, 12:15:34 PM

Wrong. He never said that people who invested in ETH will be poor. He said that ETH is rich guys network - damn you need to be rich if you pay 100$ in fees to move funds
and goes on to say that these people will soon be poor ... because of paying such crazy commissions, which in addition will likely continue to grow.

Its not about ETH investors its about ETH users.

you guessed the point, but I am still surprised. Reading all other comments here seems that most misinterpreted his words.
It's crazy. Or it's just come from hardcore Ethereum defenders.
Also, he has not mentioned BSC anywhere or I miss something?

tabas

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He has his BSC and just like in a typical competition, you'll tell what people should hear about what you have and will give a bad impression of your competitor.
CZ knows he's influential enough to say something like this. But, is Vitalik going to have a rebut?

goaldigger

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This is not a good way to attract investors to use BSC, maybe he’s just sarcastic on this one or really meant to create FUD. I do acknowledge the work of Binance, but i think ETH will still be its tough competitor and for sure, it will be hard for them to replace it on top even if they just introduced the BSC platform, ETH will grow as well.

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Quote from: Lagduf on February 28, 2021, 06:02:54 PM

A very nice sarcastic post by CZ, some people may get triggered by this post lol.
I see that there are lots of funny replies to the CZ's tweet but this might be the true story at all as the biggest pool against the next proposal. Maybe some people have been migrating to the BSC but this tweet can encourage the newbies to try to use BSC chain.
Eth network can't be used by the poor guy. Cheesy

Only people who can afford to pay more than $10 for the fees can use ethereum. Cheesy

it is a tweet, so he can freely say what's in his mind. a discreet promotion of the BSC network , i would say. challenging eth network to do their best as soon as possible. otherwise, a lot of crypto users will opt for BSC these days. tired of hearing complaints also regarding gas fees. eth team should fast track their developments and deploy their phase 1 as soon as possible.
it is really not practical for small traders to use the eth network these days. come this april, eth is saying they will launch their berlin hard fork and also address gas efficiencies. waiting for the moment that we will finally see economical fees in eth network.

Lagduf

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A very nice sarcastic post by CZ, some people may get triggered by this post lol.
I see that there are lots of funny replies to the CZ's tweet but this might be the true story at all as the biggest pool against the next proposal. Maybe some people have been migrating to the BSC but this tweet can encourage the newbies to try to use BSC chain.
Eth network can't be used by the poor guy. Cheesy

Only people who can afford to pay more than $10 for the fees can use ethereum. Cheesy

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Quote from: numanoid on February 28, 2021, 10:26:21 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

Still a hard call because even they do say that ETH 2.0 will be launching for this year but doesnt mean that abandoning will be less likely to happen.

Those words from CZ? He might have some points but it quite obvious that he's shilling out his Binance Smart Chain even if it wasnt mentioned
but you can really feel out the motives eh? Cheesy

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Quote from: numanoid on February 28, 2021, 10:26:21 AM

Time to move on to Binance Smart Chain, shall we?
#BSC

To take advantage of the current hype of BSC, we can definitely use that to grow our portfolio. But it won't be recommended for long term as hype of BSC will be vanished just like DeFi and NFT, IMO. TBH, it's just one kind of marketing from CZ to boost up BSC hype even in bear market. Wink

Febo

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Quote from: numanoid on February 28, 2021, 10:26:21 AM

"People who have invested on ETH soon will be poor", said CZ

How many ETH killers are there? 20, 100, 1000? There are 4 asset platforms in top6 on coinmarketcap. I am sure plenty like Tari are still deep in development and not even launched. Some just dont want to launch a 10% made product with piles of never delivered promises as Etherum did in 2015.

target

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Just right what the people need to read when the bear market is approaching. It's a race to dominate, BSC had grown with a partnership to other projects and so does ETH. But this tweet sounded like Justin Sun who just happens to discover that he could ride the popularity of a project. No matter I still like BNB and the tokens using BSC.

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Quote from: numanoid on February 28, 2021, 10:26:21 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

CZ's statement was extremely dangerous, and could just be a boomerang for him...
BSC is a 'copy cat' of the smart contract eth, is it appropriate for him to say this cruel thing? many respect eth even though the gas fee is crazy, but those who imitate it are very unnatural to say this cruel thing.

AB de Royse777

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Quote from: numanoid on February 28, 2021, 10:26:21 AM

Quote from: Tytanowy Janusz on February 28, 2021, 12:15:34 PM

Wrong. He never said that people who invested in ETH will be poor. He said that ETH is rich guys network - damn you need to be rich if you pay 100$ in fees to move funds
and goes on to say that these people will soon be poor ... because of paying such crazy commissions, which in addition will likely continue to grow.

I must say CZ has a good sense of humour. It's a sarcastic post but OP's title was misleading, and I feel I have wasted my energy LOL

Quote from: Flowzer on February 28, 2021, 01:25:22 PM

But at this time many ETH supporters angry with that tweet because the price ETH keeps dropping and somehow its relate to the tweet (ETH Holders will be poor).

Let them to drop all the way under $150 :-P
I will buy some :-D

Flowzer

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Quote from: Tytanowy Janusz on February 28, 2021, 12:15:34 PM

Wrong. He never said that people who invested in ETH will be poor. He said that ETH is rich guys network - damn you need to be rich if you pay 100$ in fees to move funds
and goes on to say that these people will soon be poor ... because of paying such crazy commissions, which in addition will likely continue to grow.

Its not about ETH investors its about ETH users.

It can be true, the cz word is ambigous and have more than 1 interpretation...
But at this time many ETH supporters angry with that tweet because the price ETH keeps dropping and somehow its relate to the tweet (ETH Holders will be poor).

sujonali1819

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Quote from: numanoid on February 28, 2021, 10:26:21 AM

Time to move on to Binance Smart Chain, shall we?
#BSC

To be honest ETH is more useless than bitcoin nowadays . And not only eth but also All tokens from eth platform is really useless and I afraid to make a transaction on eth platform.

I paid ~$60 and ~$80 fees for doing a eth token exchange in uniswap. Lol. From that time I started to think maybe this will not big in future due to it’s fee.

If this really run for a long most of the project will migrate to BSC (Binance smart chain), and already it’s started. So I think what the tweet said is atleast a little bit correct.

Tytanowy Janusz

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Wrong. He never said that people who invested in ETH will be poor. He said that ETH is rich guys network - damn you need to be rich if you pay 100$ in fees to move funds
and goes on to say that these people will soon be poor ... because of paying such crazy commissions, which in addition will likely continue to grow.

Its not about ETH investors its about ETH users.

Casdinyard

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Statements without substances won't matter. We have seen, and heard many people who are negative to cryptocurrencies eversince. Any investment has risks, and if you won't be careful with your investments, losses will follow but that's not limited to Ethereum that is why I am confused with this crypto, being mentioned. Above other alts, Ethereum have proven itself and those who are not new in this industry would easily understand why this statement quite sound as a joke. You'll be poor in the world of investments if you will allow yourself to be by making decisions such as selling during bearish market behavior.

Topic: "People who have invested on ETH soon will be poor", said CZ #BSC - page 4. (Read 867 times)