Topic: Why do people still use ETH? - page 2. (Read 1113 times)
ETH is gonna legend after EIP 1559 london hardfork and you will be shame about this topic. 5 figures is soon. The technology of ethereum is undisgusuble and gas fees will be low soon.
I think Ethereum will continue to do well with the help of sidechains like Fantom and NEAR Aurora.
So bad ethereum network got so congested and using it's network became so complicated which is so bad, users paying insane fees for transaction with a slow network as well, back in the days of 2017 eth was the best but currently due to it's limitations there are so many projects competing with eth, and most of them are just imitations of other networks but I found the Near protocol blockchain being so unique and even possess the features of the hyped eth 2.0, seeing this i was kinda thinking near was the eth 2.0 itself.
You talking about something that's already been fixed mate, Ethereum transaction fee is no longer a problem and August is close which we will see even better and cheaper transaction fee on Ethereum network, the headache is already over, as for the question you asked many people just prefer ETH and you and I can't change their minds
Ethereum fee is still very high when you compared it with Binance smart chain and Matic network, which hopefully will go lower in the next 2 month. By the way Ethereum usually doesn't deliver projects on time. Ethereum transaction/second is till very low and it has to brought up to 2000/second to have some meaningful reduction in transaction fee.
we can see how pancake swap like exchanges become as awesome as UniSwap in what I think is pretty short.
but I'm sure, when everything is resolved, ethereum will get huge adoption in the market.
My acquaintance with Ethereum began in 2017, then it was a very good technology. Probably everyone remembers, ICO, Bounty, crazy profits! I have been through this and am very grateful to ETH, but now everything is different.
If you did not use DEX, did not trade in the DeFi sector, then I envy you very much, because it was simply impossible to do this on the Ethereum blockchain LOL)
I started trading in DEX last summer, undoubtedly it was the easiest profit in my life, but then everything changed dramatically)))
With the arrival of more and more new users, the increase in the price of Ethereum, the huge load on the network, I was just shocked by the commission.
On average, I spent about 1-2 thousand dollars on a transaction. When the commission was $30 for the sell/buy exchange, then you don't really notice it. BUT when the commission became $150 one way, I realized that this was just a robbery.
Yes, I understand that when you change 20 thousand dollars, you don't think much about it. But when you give 15-30% of your turnover to a transaction for a commission, it's just shit.
I spend a thousand dollars, and I give 150-200 dollars just to nowhere! What kind of nonsense is this guys?) Can't you see that Ethereum is just a piece of shit?
And also this famous Failed))) hahah. Do you think that you will not pay for the canceled transaction? LOL) You will pay 2-3 times if the hype around the coin is huge and your slippage just does not have time!
As a result, I stopped trading on DEX. I was looking for alternatives like Tron DEX, EOS DEX and so on. But due to the low liquidity, you will not earn a lot of money there.
So here's a question for you, everyone who trades on DEX from Ethereum. Don't you feel sorry for your money at all? Do you want to wait 10 minutes for an exchange? Do you want to see failed every time you did not guess the commission? You guys are masochists!
Switch to other DEX, use other blockchains, forget about Ethereum with their eternal promises!
Let's discuss what alternatives to Ethereum currently exist? Let's figure it out together!
Aurora on NEAR protocol scales Ethereum now. We don't have to wait for ETH 2.0, POS, or sharding because NEAR has all that stuff now. NEAR protocol has infinite TPS with sharding because it doesn't use a beacon chain. NEAR can run Ethereum in a smart contract (Aurora) and unlike Matic/Polygon, Aurora allows gas to be paid with ETH and developers can perform cross contract calls. Users on Aurora have a seamless experience, it's just like Ethereum but faster and cheaper.If you did not use DEX, did not trade in the DeFi sector, then I envy you very much, because it was simply impossible to do this on the Ethereum blockchain LOL)
I started trading in DEX last summer, undoubtedly it was the easiest profit in my life, but then everything changed dramatically)))
With the arrival of more and more new users, the increase in the price of Ethereum, the huge load on the network, I was just shocked by the commission.
On average, I spent about 1-2 thousand dollars on a transaction. When the commission was $30 for the sell/buy exchange, then you don't really notice it. BUT when the commission became $150 one way, I realized that this was just a robbery.
Yes, I understand that when you change 20 thousand dollars, you don't think much about it. But when you give 15-30% of your turnover to a transaction for a commission, it's just shit.
I spend a thousand dollars, and I give 150-200 dollars just to nowhere! What kind of nonsense is this guys?) Can't you see that Ethereum is just a piece of shit?
And also this famous Failed))) hahah. Do you think that you will not pay for the canceled transaction? LOL) You will pay 2-3 times if the hype around the coin is huge and your slippage just does not have time!
As a result, I stopped trading on DEX. I was looking for alternatives like Tron DEX, EOS DEX and so on. But due to the low liquidity, you will not earn a lot of money there.
So here's a question for you, everyone who trades on DEX from Ethereum. Don't you feel sorry for your money at all? Do you want to wait 10 minutes for an exchange? Do you want to see failed every time you did not guess the commission? You guys are masochists!
Switch to other DEX, use other blockchains, forget about Ethereum with their eternal promises!
Let's discuss what alternatives to Ethereum currently exist? Let's figure it out together!
If NEAR can do all the things you are talking about and if NEAR already solved all the problems that Ethereum has while still being fully decentralized (which I don't know), it is suspicious that the market has not recognized that in a way such that it is a multi billion dollar market cap coin. Is NEAR fully decentralized like Ethereum?
You talking about something that's already been fixed mate, Ethereum transaction fee is no longer a problem and August is close which we will see even better and cheaper transaction fee on Ethereum network, the headache is already over, as for the question you asked many people just prefer ETH and you and I can't change their minds
Ethereum fee is still very high when you compared it with Binance smart chain and Matic network, which hopefully will go lower in the next 2 month. By the way Ethereum usually doesn't deliver projects on time. Ethereum transaction/second is till very low and it has to brought up to 2000/second to have some meaningful reduction in transaction fee.
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ETH pioneered blockchain application and gave logic. Now with ETH, DeFi's and NFTs are in force to reckon with in cryptospace. Some will say too expensive and slow but the technology is way beyond wonders. Possibilities are endless with blockchain application development.
This coin pioneered some of those things indeed but we shouldn't underestimate other coins that are doing great by creating and innovating something into their chain, like you see many nft games, created blockchain that isn't expensive for making rapid transactions and suits well for gaming platform.if only eth could fix its problem faster its gonna be great but sadly they can't. but i honestly like if the project being spread to many blockchains based on their own need.
My acquaintance with Ethereum began in 2017, then it was a very good technology. Probably everyone remembers, ICO, Bounty, crazy profits! I have been through this and am very grateful to ETH, but now everything is different.
If you did not use DEX, did not trade in the DeFi sector, then I envy you very much, because it was simply impossible to do this on the Ethereum blockchain LOL)
I started trading in DEX last summer, undoubtedly it was the easiest profit in my life, but then everything changed dramatically)))
With the arrival of more and more new users, the increase in the price of Ethereum, the huge load on the network, I was just shocked by the commission.
On average, I spent about 1-2 thousand dollars on a transaction. When the commission was $30 for the sell/buy exchange, then you don't really notice it. BUT when the commission became $150 one way, I realized that this was just a robbery.
Yes, I understand that when you change 20 thousand dollars, you don't think much about it. But when you give 15-30% of your turnover to a transaction for a commission, it's just shit.
I spend a thousand dollars, and I give 150-200 dollars just to nowhere! What kind of nonsense is this guys?) Can't you see that Ethereum is just a piece of shit?
And also this famous Failed))) hahah. Do you think that you will not pay for the canceled transaction? LOL) You will pay 2-3 times if the hype around the coin is huge and your slippage just does not have time!
As a result, I stopped trading on DEX. I was looking for alternatives like Tron DEX, EOS DEX and so on. But due to the low liquidity, you will not earn a lot of money there.
So here's a question for you, everyone who trades on DEX from Ethereum. Don't you feel sorry for your money at all? Do you want to wait 10 minutes for an exchange? Do you want to see failed every time you did not guess the commission? You guys are masochists!
Switch to other DEX, use other blockchains, forget about Ethereum with their eternal promises!
Let's discuss what alternatives to Ethereum currently exist? Let's figure it out together!
Aurora on NEAR protocol scales Ethereum now. We don't have to wait for ETH 2.0, POS, or sharding because NEAR has all that stuff now. NEAR protocol has infinite TPS with sharding because it doesn't use a beacon chain. NEAR can run Ethereum in a smart contract (Aurora) and unlike Matic/Polygon, Aurora allows gas to be paid with ETH and developers can perform cross contract calls. Users on Aurora have a seamless experience, it's just like Ethereum but faster and cheaper.If you did not use DEX, did not trade in the DeFi sector, then I envy you very much, because it was simply impossible to do this on the Ethereum blockchain LOL)
I started trading in DEX last summer, undoubtedly it was the easiest profit in my life, but then everything changed dramatically)))
With the arrival of more and more new users, the increase in the price of Ethereum, the huge load on the network, I was just shocked by the commission.
On average, I spent about 1-2 thousand dollars on a transaction. When the commission was $30 for the sell/buy exchange, then you don't really notice it. BUT when the commission became $150 one way, I realized that this was just a robbery.
Yes, I understand that when you change 20 thousand dollars, you don't think much about it. But when you give 15-30% of your turnover to a transaction for a commission, it's just shit.
I spend a thousand dollars, and I give 150-200 dollars just to nowhere! What kind of nonsense is this guys?) Can't you see that Ethereum is just a piece of shit?
And also this famous Failed))) hahah. Do you think that you will not pay for the canceled transaction? LOL) You will pay 2-3 times if the hype around the coin is huge and your slippage just does not have time!
As a result, I stopped trading on DEX. I was looking for alternatives like Tron DEX, EOS DEX and so on. But due to the low liquidity, you will not earn a lot of money there.
So here's a question for you, everyone who trades on DEX from Ethereum. Don't you feel sorry for your money at all? Do you want to wait 10 minutes for an exchange? Do you want to see failed every time you did not guess the commission? You guys are masochists!
Switch to other DEX, use other blockchains, forget about Ethereum with their eternal promises!
Let's discuss what alternatives to Ethereum currently exist? Let's figure it out together!
If NEAR can do all the things you are talking about and if NEAR already solved all the problems that Ethereum has while still being fully decentralized (which I don't know), it is suspicious that the market has not recognized that in a way such that it is a multi billion dollar market cap coin. Is NEAR fully decentralized like Ethereum?
I have heard many of my friends complain about this as well, but now they have reduced it and the update is due in August so I think things from here on are going to get better
You talking about something that's already been fixed mate, Ethereum transaction fee is no longer a problem and August is close which we will see even better and cheaper transaction fee on Ethereum network, the headache is already over, as for the question you asked many people just prefer ETH and you and I can't change their minds
I don't think this has been resolved yet, AFAIK Ethereum 2.0 is still yet to be deployed fully and it has been postponed to next year, if you call $4-5 transactions cheap then I presume you're rich, cause other people really can't waste such amount on just one transaction, other blockchains like NEAR Protocol takes less than >$0.01 for gas fees compared to Ethereum, the only reason why Ethereum is still up there is because its the most popular altcoin else even the ETH 2.0 upgrade means nothing cause other blockchains platforms like Near Protocol are already offering what eth 2.0 is said to offer. 
My acquaintance with Ethereum began in 2017, then it was a very good technology. Probably everyone remembers, ICO, Bounty, crazy profits! I have been through this and am very grateful to ETH, but now everything is different.
If you did not use DEX, did not trade in the DeFi sector, then I envy you very much, because it was simply impossible to do this on the Ethereum blockchain LOL)
I started trading in DEX last summer, undoubtedly it was the easiest profit in my life, but then everything changed dramatically)))
With the arrival of more and more new users, the increase in the price of Ethereum, the huge load on the network, I was just shocked by the commission.
On average, I spent about 1-2 thousand dollars on a transaction. When the commission was $30 for the sell/buy exchange, then you don't really notice it. BUT when the commission became $150 one way, I realized that this was just a robbery.
Yes, I understand that when you change 20 thousand dollars, you don't think much about it. But when you give 15-30% of your turnover to a transaction for a commission, it's just shit.
I spend a thousand dollars, and I give 150-200 dollars just to nowhere! What kind of nonsense is this guys?) Can't you see that Ethereum is just a piece of shit?
And also this famous Failed))) hahah. Do you think that you will not pay for the canceled transaction? LOL) You will pay 2-3 times if the hype around the coin is huge and your slippage just does not have time!
As a result, I stopped trading on DEX. I was looking for alternatives like Tron DEX, EOS DEX and so on. But due to the low liquidity, you will not earn a lot of money there.
So here's a question for you, everyone who trades on DEX from Ethereum. Don't you feel sorry for your money at all? Do you want to wait 10 minutes for an exchange? Do you want to see failed every time you did not guess the commission? You guys are masochists!
Switch to other DEX, use other blockchains, forget about Ethereum with their eternal promises!
Let's discuss what alternatives to Ethereum currently exist? Let's figure it out together!
Aurora on NEAR protocol scales Ethereum now. We don't have to wait for ETH 2.0, POS, or sharding because NEAR has all that stuff now. NEAR protocol has infinite TPS with sharding because it doesn't use a beacon chain. NEAR can run Ethereum in a smart contract (Aurora) and unlike Matic/Polygon, Aurora allows gas to be paid with ETH and developers can perform cross contract calls. Users on Aurora have a seamless experience, it's just like Ethereum but faster and cheaper. If you did not use DEX, did not trade in the DeFi sector, then I envy you very much, because it was simply impossible to do this on the Ethereum blockchain LOL)
I started trading in DEX last summer, undoubtedly it was the easiest profit in my life, but then everything changed dramatically)))
With the arrival of more and more new users, the increase in the price of Ethereum, the huge load on the network, I was just shocked by the commission.
On average, I spent about 1-2 thousand dollars on a transaction. When the commission was $30 for the sell/buy exchange, then you don't really notice it. BUT when the commission became $150 one way, I realized that this was just a robbery.
Yes, I understand that when you change 20 thousand dollars, you don't think much about it. But when you give 15-30% of your turnover to a transaction for a commission, it's just shit.
I spend a thousand dollars, and I give 150-200 dollars just to nowhere! What kind of nonsense is this guys?) Can't you see that Ethereum is just a piece of shit?
And also this famous Failed))) hahah. Do you think that you will not pay for the canceled transaction? LOL) You will pay 2-3 times if the hype around the coin is huge and your slippage just does not have time!
As a result, I stopped trading on DEX. I was looking for alternatives like Tron DEX, EOS DEX and so on. But due to the low liquidity, you will not earn a lot of money there.
So here's a question for you, everyone who trades on DEX from Ethereum. Don't you feel sorry for your money at all? Do you want to wait 10 minutes for an exchange? Do you want to see failed every time you did not guess the commission? You guys are masochists!
Switch to other DEX, use other blockchains, forget about Ethereum with their eternal promises!
Let's discuss what alternatives to Ethereum currently exist? Let's figure it out together!
I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions.
It is very difficult to stop using ETH since most of the coins are created on the Ethereum blockchain. Accordingly, by refusing to use Ethereum, you miss a lot of profitable projects, which, with a decrease in the dominance of bitcoin, will show a very good price increase.
A lot of projects that have been launched recently are not running on top of the Ethereum network. Binance Smart Chain seems to be the preferred hub for now for any new project launched, or most new projects. But there are so many older projects that people are still holding onto, that there is no way around Ethereum. Everyone is waiting for Ethereum to scale and succeed and make their token valuable.
The issue with this point of view is that Ethereum always claimed it wants to become the center of all action when it comes to decentralized applications. Hence they have to solve the scalability problem. It would also make sense to have one place that you go to when you need decentralized apps. It is the same as when you go to the Appstore of Apple. Imagine you would have 8 app stores on your mobile phone, you would freak out of course.
ETH pioneered blockchain application and gave logic. Now with ETH, DeFi's and NFTs are in force to reckon with in cryptospace. Some will say too expensive and slow but the technology is way beyond wonders. Possibilities are endless with blockchain application development.
Ethereum exchange charge is as of now not an issue and August is close which we will see shockingly better and less expensive exchange charge on Ethereum organization, the cerebral pain is now finished, with respect to the inquiry you posed to numerous individuals simply lean toward ETH and you and I can't alter their perspectives.
hope everything goes smoothly. because some updates that have been planned by the ethereum team also experienced delays. this is related to the ethereum 2.0 update that the community has been waiting for.the actual transaction costs will either affect the total or not. because several times we see the instability of transaction fees that are very far away. still too fast to go up and down too.
Ethereum exchange charge is as of now not an issue and August is close which we will see shockingly better and less expensive exchange charge on Ethereum organization, the cerebral pain is now finished, with respect to the inquiry you posed to numerous individuals simply lean toward ETH and you and I can't alter their perspectives.
ETH is superior to other cryptocurrencies with regards to decentralized applications. Though it can cost more, ETH ecosystem is proven to be the best platform to innovate decentralized finance.
ETH used to be the most preferred layer 1 blockchain back in the day (since its inception to to 3-4 years ago). As a matter of fact, it became the #1 most used blockchain in 2017 after 98% of all ICOs were conducted on eth that enabled a lot of people to start buying and holding to those ETH tokens. Anyway, this isn't 2017 anymore and ETH has gotten worse ever since. That's why the rise of other layer 1 and layer 2 solutions.
This is why I'm bullish on layer 1 solutions like NEAR protocol. Aside from the dirt cheap tx fees, less than 1 second transaction finality. Not to make the fact that it's eth-compatible, thanks to Aurora (A layer 2 solution) built on NEAR that is fully compatible with ethereum and has a bridge (called rainbow bridge) that allows NEAR <> Ethereum to be bridged.
ETH 2.0 has a lot of big promises and features most of which are already available in layer 1 solutions like Avalanche, NEAR and solana so I wouldn't put to much hope on it in the long term.
While the conditions are exactly as you say, Ethereum has a different story and perspective for its users. Eth enthusiasts are very high, especially when the price has dropped in recent days, If I see Ethereum has strong fundamentals, I'm sure developers will find the best SOLUTION for its users to minimize transaction costs as you mentioned above.
I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions.
It is very difficult to stop using ETH since most of the coins are created on the Ethereum blockchain. Accordingly, by refusing to use Ethereum, you miss a lot of profitable projects, which, with a decrease in the dominance of bitcoin, will show a very good price increase.
A lot of projects that have been launched recently are not running on top of the Ethereum network. Binance Smart Chain seems to be the preferred hub for now for any new project launched, or most new projects. But there are so many older projects that people are still holding onto, that there is no way around Ethereum. Everyone is waiting for Ethereum to scale and succeed and make their token valuable.
you tell stories and complain when you feel wronged, you say you've had success with ethreum, but when ethreum transaction fees you blame it and in my opinion that's unfair. here everyone can make their choice and with their own perspective, each platform must have advantages and disadvantages, so be wise, don't complain, make your best choice and achieve success.
I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions.
Recently, Ethereum transaction cost surpasses the Bitcoin transaction cost even though Ethereum is the top popular blockchain in the crypto world. Definitely, most of your favorite tokens will support the ETH blockchain in the future. Although now so many projects are supporting the BSC blockchain. We are getting closer to BSC transaction cost or in future Ethereum will cross. This is the reason we are using ETH blockchain. Jump to: