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.
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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.