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5 years ago in LeoFinance by bitcoinflood
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I'm mining ETH with a couple of GPUs and I know that this proposal will take a "cut" of my profits, but... Is it really a good decision to "fight back" just for taking that "cut" and ruin something that was built for years... It's obvious that ETH can't compete with "cheaper" blockchain solutions, but still, they are the leaders... Saving my "cut" in a short term can lead to losing the big picture in the long term...
Sometimes, it's just time to move on... Just my 2c...
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Very valid point. Also Ethereum has kind of built up a reputation now with NFTs to be the big sales. In that a $700,000 transaction for a NFT at $30 isn't bad at all! I kind of feel it should stay as is as well and instead people just need to code better and stop hammering the main blockchain with garbage. Keeping a higher fee keeps that garbage and low quality coding out.
I don't see a 51% attack because all stakeholders know that it will do more harm than good, this includes their profitability and net worth.
Miners can flex if they want, but change is coming. I think they will have to just come to terms with this sooner rather than latter.
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would cause a hard fork. It's happened many times in the past and at critical points when prices where at all time highs as well. In fact Bitcoin cash split off bitcoin on the last rally in 2017
EIP-1559 is slated for release in the London network upgrade some time in July.
Till then I think BSC will rule the defi world
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For DeFi idk about NFTs thinking Cardano might move in or Polkadot was backups till then. Just going to take devs some time to tap into them.
Ethereum does have a higher standard though in the NFT world. Millions for artwork so a $40 fee for that is like nothing.
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Good
Alright ethereum will back on the way soon
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