News for hackers. Stuff that matters.
Re:Ethereum: A Store of Value with Cash Flow [pdf] by CyberDildonics on Wednesday April 21, 2021 @04:51PM (#26895278)
Utility? The transaction fees are around $30 USD now.
Re:Ethereum: A Store of Value with Cash Flow [pdf] by imtringued on Thursday April 22, 2021 @04:41AM (#26900340)
Presumably someone receives more than $30 in value from these transactions, otherwise they wouldn't be willing to pay them.
Re:Ethereum: A Store of Value with Cash Flow [pdf] by CyberDildonics on Thursday April 22, 2021 @07:27AM (#26901502)
No one is contradicting a basic tautology like that.

What do you think people are using those transactions for? The average transaction value is of $5,000 USD.

https://bitinfocharts.com/comparison/transactionvalue-eth.ht...

Do you think people are making these transactions for anything other than speculation? You said value, I said utility.

Re:Ethereum: A Store of Value with Cash Flow [pdf] by dmihal on Wednesday April 21, 2021 @07:03PM (#26896493)
Fees are a function of supply & demand.

High fees means there's tons of demand to use the chain.

Yes, it sucks for small users who are priced-out, but scaling solutions such as rollups should be launching within the next few weeks.

Re:Ethereum: A Store of Value with Cash Flow [pdf] by CyberDildonics on Wednesday April 21, 2021 @08:43PM (#26897281)
It isn't small users who are priced out so much as almost every use case other than speculation.

Anything that does not allow more transaction throughput doesn't help.