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Topic: "People who have invested on ETH soon will be poor", said CZ #BSC (Read 842 times)

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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.
hero member
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Vave.com - Crypto Casino
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.
But it's not too late for Ethereum devs to fix what they have to fix and that's about to happen very soon.
hero member
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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
I agree that BNB is looking better and BSC looks better than ERC20 right now, so CZ is right that his product is becoming better and better than ETH and will pass that one day if you ask me as well. However that doesn't mean that ETH will be bad.

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.
hero member
Activity: 2688
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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.
Defi will not die, that is not even remotely possible anymore, it is in there and will not go away, this is not like ICO or something where coins are created and sold by the teams with a promise of being higher. Sure there are some stuff like that in defi world as well, many projects that just copy other projects and try to make some money from it as well, but the reality is that many only care about the real projects that people use. How are you going to kill uniswap? Pancakeswap? And many other swaps like that?

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.
sr. member
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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. 

It would be better if this happened faster, especially now where people transact frequently and ignore those fees. I think the main reason is still the fees and the speed of the transaction, the BSC are offering perfect experiences in the defi space, and I wouldn't be too surprised if they could replace their current positions in the future of Ethereum. Knowing that the ecosystem that Ethereum creates receives a lot of trust, these beliefs are only disappointing, at this point I rate BSC a lot better than ERC20.
full member
Activity: 546
Merit: 159
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.
sr. member
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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.
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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.
sr. member
Activity: 2226
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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.
full member
Activity: 546
Merit: 159
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.
sr. member
Activity: 2618
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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
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.
hero member
Activity: 2338
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Temporary forum vacation
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.

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.
hero member
Activity: 1372
Merit: 500
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.
full member
Activity: 546
Merit: 159
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.

After DeFi projects die, Ethereum with ETH 2.0 will get their dominance back. It will take time and might take to one year.
hero member
Activity: 1372
Merit: 500
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.
hero member
Activity: 2716
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Dimon69
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.
full member
Activity: 1708
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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.
hero member
Activity: 2002
Merit: 535
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.
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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.
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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.
full member
Activity: 1358
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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.
hero member
Activity: 1372
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if ethereum gas fees can't decrease i think CZ right,
my big hope is eth2.0 will make this ethereum better in all sides mate
The high cost of gas makes some new projects think twice about using the Ethereum platform. Just look at the AME project which delayed the distribution of tokens due to high gas costs. If in 2021 Ethereum 2.0 is not launched soon, then the new project will switch to the Binance Smart Chain which is cheaper than the Ethereum platform.
sr. member
Activity: 1624
Merit: 267
Ethereum is potential I don't think so those people who investing to this coin will going to lose their money because for sure in the future it will become very high the value. At this moment the price of the ethereum is already high but it doesn't mean the price is not going up because the price is rising slowly and not only 1000 dollars is the highest price of this coin because for me I think it is 10k dollars more after few years.
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No dream is too big and no dreamer is too small
He just lost respect from people, he should respect ETH as BNB started from ETH network, not he think that BNB can overtake ETH and like to destroy it with his words, I think that's not what people are expecting to come out from his mouth.

He should change his strategy, it's better the old way, less talk more work or development.
Nah, there's a little misunderstanding here because he never meant to shame people who are buying ETH it's the gas fees for ETH.
So basically, he was saying rich people will be poor because the high gas fees just for transferring any amount small amount of ETH to other wallet.
Maybe ETH 2.0 will give the solution for this but it seems that ETH has a lot of users so it might take some time for a while.
Maybe it was but it sounds like that BNB is trying to ruin ETH and taking the position. I hope I was wrong but I believe that Mr. Vitalik will do something to fasten the development in regards to the ETH2.0 launching period in order to give a reason for all ETH holders to keep calm. If BNB will have the solution and help users to lessen their fees, that will be beneficial for both.

I think the competition is so harsh to see now.
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Influential people may doing things which can be benefit for them or for many here in crypto currency community. In some point it will be risky also since we know it might be in a good side or in a wrong side that can be affected. Many users here expect the best but we can't assure everything will be have a good outcome.  Nowadays, crypto currency are back in track as it have a huge impact to the people. Thus, I don't think that influential people will affect the volatility of crypto currency especially the ethereum.
sr. member
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He just lost respect from people, he should respect ETH as BNB started from ETH network, not he think that BNB can overtake ETH and like to destroy it with his words, I think that's not what people are expecting to come out from his mouth.

He should change his strategy, it's better the old way, less talk more work or development.
Nah, there's a little misunderstanding here because he never meant to shame people who are buying ETH it's the gas fees for ETH.
So basically, he was saying rich people will be poor because the high gas fees just for transferring any amount small amount of ETH to other wallet.
Maybe ETH 2.0 will give the solution for this but it seems that ETH has a lot of users so it might take some time for a while.
hero member
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No dream is too big and no dreamer is too small
He just lost respect from people, he should respect ETH as BNB started from ETH network, not he think that BNB can overtake ETH and like to destroy it with his words, I think that's not what people are expecting to come out from his mouth.

He should change his strategy, it's better the old way, less talk more work or development.
legendary
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Don't think about the words of other people.Sometimes they say good to you, sometimes they say which is favour to them.Don't think all as a good soul.Some corrupted soul in the world around us.This words is their opinion on Ethereum. But the listing of Ethereum 2.0 will not change the value of gem ethereum.
That is absolutely true, we should learn from each other, however, we must be careful about that. People think differently and sometimes they are using such as a way for their own interests. Don't follow them, ETH is the second-best crypto, and to tell the truth, most people are happy with ETH. Because ETH is absolutely profitable coin, it seems they have some interest to say such bad news about ETH, this method works. On the other hand, there are still some people who believe such people. ETH doesnət deserve it and l think people who have invested in ETH will earn from this investment, neither be poor.
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Don't think about the words of other people.Sometimes they say good to you, sometimes they say which is favour to them.Don't think all as a good soul.Some corrupted soul in the world around us.This words is their opinion on Ethereum. But the listing of Ethereum 2.0 will not change the value of gem ethereum.
legendary
Activity: 1358
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This is from the same guy who's running a centralized EVM and somehow convinced people to use it...

CZ is a funny fellow.. But their little chain there is basically no different than running your own EVM clone locally.. :/
full member
Activity: 926
Merit: 100
I do not think that etherem will fall at all, after the CZ #BSC tweet, in my opinion this is only a propaganda statement that wants to bring down ETH's glory, in fact I am still very optimistic about ETH at this time, Even though the transaction costs are very high using ETH, and many people complain about this problem, I hope the management team can overcome the problem of very high fees, so that the popularity of ETH can be maintained in the future,
full member
Activity: 1946
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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

For me, my acquaintance with crypto began precisely with ETH and I am sad to read from Binance that the owners of ETH can become poor. Of course, at the moment, the Ethereum network is experiencing a number of problems, primarily with the prices of commissions, but I think that this is not a reason to make such statements, since we have already seen such guys who argued that ETH will soon come to an end, but things are still there. ... I think Binance is great for creating a good ecosystem and implementing all the best and most trendy crypto trends in it, but they have no right to make such statements towards ETH fans. I believe that ETH owes much of its success to Binance and we need to be simpler. In general, I do not like this statement towards Ethereum and its community.
sr. member
Activity: 910
Merit: 252
I still optimistic about ethereum I am not going to sell . These guy took fork of ethereum and giving comment on that whatever the projects launched in BSC is another fork like pancakeswap is fork of uniswap still even more, He should have done invention has to put lots of effort on research nothing he just used fork of ethereum. People don’t believe him he just steal your money .
legendary
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It is a bias statement because there's a rally between Ethereum's Smart Contract and Binance's Smart Chain. Can you imagine where Binance, CZ and associates?
They all started with Ethereum as an ERC20 token and now made themselves owner of their own chain.

Smart guys build their own smart chain I guess. Binance have been very successful at their products due to a lot of money spent on marketing but you can thank the BNB users for buying it up all the time and making it go up and up in price. Crazy to think about how it really hasn't any real utility other than what they made up for users:\
sr. member
Activity: 1876
Merit: 318
Finally, CZ commented on the problem of very high gas fees on the ETH platform, it is true that the ETH network is now more suitable for the rich.
Just imagine the gas fees that I have to pay right now are really crazy, this is what makes me unable to move my ERC20 tokens for a long time.
So from that why the current BNB price is suddenly very high, maybe this is because the popularity of BSC has risen dramatically after becoming
a solution for ETH platform users. Which BSC has transaction fees that are much cheaper when compared to ETH. So it is only natural that eventually
many ETH users switch to using BSC.
hero member
Activity: 1946
Merit: 502
The truth is eth 2.0 has no specific date of being launch and many are not even sure if it will solve  this heavy transaction problem, so why hanging on a hope alone, it could be that by year end there will be another reason for excuses,

We have alternatives in the market, blockchain is not about loyalty, it is about finding what works for the majority and clearly eth has failed in that aspect, it is time devs move onto a much cheaper and faster blockchain,  there are many options.
sr. member
Activity: 1190
Merit: 256
No, I'd rather wait about four months and stay with ethereum. This coin suits me perfectly. Moreover, I have a certain number of different ERC-20 tokens that are currently unprofitable to sell. Those who think it's time to leave ethereum for other platforms, let them go. Ethereum, after the update, will still show what it can do. Therefore, I will keep this coin.

One thing I try to remember is that BSC is not that different from Ethereum network. As far as I know, Binance developer team just did a few improvements and enhancements to the current eth network that made their better so there really isn't a big difference between both. The only downside for now is that you can make transactions easily without requiring huge fees while waiting for months for ETH staking to go live and normalcy to return to the network. Only a few of the existing crypto projects have switched  to BSC so I would still remain with eth except this changes in the near future.
hero member
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I am seeing some biased with this kind of statement. I'm not sure if this is a notification for the people who are interested to buy/invest eth or just want to criticize ethreum. Ethereum is one of the most stable coin in crypto ever since and recently reached its ATH.
It is a bias statement because there's a rally between Ethereum's Smart Contract and Binance's Smart Chain. Can you imagine where Binance, CZ and associates?
They all started with Ethereum as an ERC20 token and now made themselves owner of their own chain.
I see. So this is non sense statement at all that should be ignored. As long as we know what ethereum is capable of, we should not be threatened by those people who are pulling down the eth.
Many wouldn't ignore it because BNB is on its momentum and hype. The quick rise of its price is making everyone into it. But we can always have that option to ignore it.
When known people talks, there will be a lot of audiences that would like to hear things from them. And this one, it's really bias but it's up to how you will understand things and what's really happening if he's mentioning another project.
sr. member
Activity: 2352
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No, I'd rather wait about four months and stay with ethereum. This coin suits me perfectly. Moreover, I have a certain number of different ERC-20 tokens that are currently unprofitable to sell. Those who think it's time to leave ethereum for other platforms, let them go. Ethereum, after the update, will still show what it can do. Therefore, I will keep this coin.
sr. member
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Time to move on to Binance Smart Chain, shall we?
#BSC
If ETH 2.0 is not up and running soon, what CZ says can come true and I am sure of it. Currently, many investors have started to look at BSC, and big projects have also moved networks from ETH to BSC.

but ethereum now available on Amazon managed Blockchain
wich mean, ethereum still become the best choice for a huge company such as Amazon mate
and the fact Eth marketcap still huge for now, for sure its impossible for BNB to beat the cap or ethereum in the near time buddy
full member
Activity: 490
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In fact, CZ is right in some way, they still see what commissions in the ETH network on dex exchanges, for understanding on the BSC blockchain it is about 0.2-0.5$ and this, for example, completely suits me, I have not used the ETH network for a long time.

Same here, my ERC20 tokens still stucked on Wallet because of high gas fee issue.
I doesnt plan to move any of them if the gas still high like this, i have try to lowering the gas but its ended with transaction failed.
But not interested to try BSC platform since many people say its centralized and i also still believe that ETH will solve this problem in the future.
legendary
Activity: 2198
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Until the fee problems in Ethereum return to normal, the investor will be attracted by the advantage of the bsc network fee.We see good prices for the coins in the bsc, but I am wondering whether the bsc network will still be on the agenda after the ethereum 2.0 comes, will it be able to provide this cz.
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Activity: 896
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In fact, CZ is right in some way, they still see what commissions in the ETH network on dex exchanges, for understanding on the BSC blockchain it is about 0.2-0.5$ and this, for example, completely suits me, I have not used the ETH network for a long time.
hero member
Activity: 1078
Merit: 504
ETH gas price is back to normal now, so you can all jump back from BSC to ETH network...  Cheesy Cheesy

It doesn't work that way. BSC is still centralized in so many ways, Look at Polka Dot, they are making great marketing without bashing anyone and trying to do development more than just talks. I don't think anything will replace ETH right now and there are already lots of projects working on the ETH platform so assuming BSC will take down ETH is really hard.
full member
Activity: 392
Merit: 115
CZ is very good in marketing and this draws attention to the BSC chain. A lot of frustration comes from the ETH network and the high fees you encounter. But ETH’s future is still bright and I applaud other chains like DOT. There will be multiple winners in the long run.
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Activity: 3024
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I am seeing some biased with this kind of statement. I'm not sure if this is a notification for the people who are interested to buy/invest eth or just want to criticize ethreum. Ethereum is one of the most stable coin in crypto ever since and recently reached its ATH.
It is a bias statement because there's a rally between Ethereum's Smart Contract and Binance's Smart Chain. Can you imagine where Binance, CZ and associates?
They all started with Ethereum as an ERC20 token and now made themselves owner of their own chain.
sr. member
Activity: 1638
Merit: 255
Fee transaction of ethereum is indeed very high this time, this makes it difficult for many traders and investors,
especially for small traders like me, I include everyone wanting to find a solution to solve this problem.
If BSC can, of course this is an interesting and exhilarating thing.
legendary
Activity: 2548
Merit: 1519
It's funny some people call BSC centralized while their suggestions are all pre-mined shitcoins lol.

I'm sure he missed the opportunity to buy eth at the low price. If he has some eth, then he will post something good about eth. I think he is wanting to buy now. Waiting for next post about BNB.

Is this a joke? His daily ETH earning from only trading fees are more than your life savings. Not to mention Binance become one of the highest ETH miners. Grin
sr. member
Activity: 1750
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I'm sure he missed the opportunity to buy eth at the low price. If he has some eth, then he will post something good about eth. I think he is wanting to buy now. Waiting for next post about BNB.
sr. member
Activity: 1414
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Keep it Simple guys :)


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

maybe binance smart chain has lower fees if we comparing with ethereum network mate
but, for sure its hard to be true for binance smart chain to beat ethereum as the fisrt smart contract platform in this industry
personally i disagree with the statement from CZ Smiley
regards
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for real ? i thought it looks fake because of the image that are blurry but earlier this day i also found a thead about cz making a post that they want to overcome btc , maybe cz really has a desire to take over all the strong cryptos .

 wew thats scary but i dont think he can do it and its early to say all those words because btc is still growing and it wasnt the dead for eth because there were still an unfinished developments .  
legendary
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I know everything is possible in crypto market like how BNB could suddenly go up and take the third position but honestly you should take his statement with grain of salt, he's a businessmen and taking financial advice from businessman who seek profit with a product in my opinion is not really right. I'd just consider this one statement of him as just a joke because i'd only believe BNB could overtake ETH if their market cap is half as big as ETH's
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He made very insulting statements about the Ethereum system, they use the BSC to pursue.  I think this farce is just about polishing my name and attracting my attention.  His personality somewhat resembles jose mourinho (Coach) .
However, this extravagance seems to have been met with mixed reactions, BNB's valuable influence is slowing down!  Before we got poor, we had beef. while ETh fired, BNB was somewhere! Roll Eyes
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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
First Tron , Now ETH? what would be the next? if he is commenting negative in ETH also then why not delisted in Binance ?  Grin

CZ comes ugly these past days.
full member
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It is obvious that the owner of BNB speaks in this way about the project that is his greatest competition. Therefore, I would not look at Ethereum in a negative way - on the contrary, it proves that CZ is afraid of the introduction of Ethereum 2.0 because it will strongly lower the position of BNB.
hero member
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this is psychological war between from binance and ethereum
for sure in the near time binance chain can replace ethereum because of the high fees on ethereum network
so, i hope eth developer will do something to decrease the fee
Ethereum network's high transaction fees make some new projects prefer the BSC network over ETH. If Ethereum developers don't act immediately to lower costs, then what you say will happen soon. Now everyone is complaining about Eth's high transaction fee, sooner or later BSC will replace Ethereum.
sr. member
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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

this is psychological war between from binance and ethereum
for sure in the near time binance chain can replace ethereum because of the high fees on ethereum network
so, i hope eth developer will do something to decrease the fee
full member
Activity: 422
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Futurov
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.
Ethereum don't need any criticism from other people because it will still function and continue its network with or without this kind of malicious and non sense statement. We knew the struggles and stepping stone of ethereum way back many years ago until now that is why we can say that ethereum is really one of the stable coin in crypto market that is why this kind of statement needs to be igonored.
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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.
Agree.  Though it can be claimed that crypto is healthy competition.  but these tweets are sarcastic, he seems envious and selfish.  They eat the way ETH went and take opportunities to create falsehoods in the new users' subconscious.  I was not really impressed by him!  Wait and see, Ethereum 2.0 will reform a different, a new face and the runner is still BSC.
hero member
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Judging from the large transaction fees on the Ethereum network, I totally agree with the twitt made by CZ BINANCE, even though the twitt is aimed globally, but the ones who feel the most impact are small traders. A statement without substance like that would never turn people away from Ethereum. Because the Ethereum network is far superior to the BSC network.
sr. member
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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.


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.
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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.
sr. member
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SOL.BIOKRIPT.COM
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 Tongue
legendary
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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?
legendary
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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?

~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
legendary
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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.

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?
hero member
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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?
sr. member
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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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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.
sr. member
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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
sr. member
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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
sr. member
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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
legendary
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"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.
legendary
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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.
sr. member
Activity: 2338
Merit: 365


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.
legendary
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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.
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

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 $150 :-P
I will buy some :-D
full member
Activity: 490
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Wrong. He never said that people who invested in ETH will be poor. He said that ETH is rich guys network - damn you need to be rich if you pay 100$ 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.

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).
legendary
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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.
legendary
Activity: 2156
Merit: 1622
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.
hero member
Activity: 2184
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Leading Crypto Sports Betting and Casino Platform
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.
sr. member
Activity: 1092
Merit: 250
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.

maybe he made that twits because of the huge transactions fee on ethereum network mate
for sure, thats could be a reminder for ethereum developer to fix thus issue
sr. member
Activity: 1092
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looks like ETH. 2.0 wasn't too popular and didn't seem like it was being looked at by any of the big investors. maybe they are starting to be disappointed with Ethereum? Well, to be honest, as small traders we were disappointed, because during the growth of crypto, especially Ethereum, they were busy becoming fee loan sharks. so the impact is that many have left Ethereum this time. where had Vitalik been when a loyal Ethreum user asked for a fee reduction?
so all investors feel they don't care about ETH anymore. 2.0.


we turned to the BSC, and agreed to make the switch

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fallenangel
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.
legendary
Activity: 1890
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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
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