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When do people expect Ethereum gas prices to come down? Right now if I want to move 1ETH its costing me $109 from one exchange.
by monkeydust 6y ago
When do people expect Ethereum gas prices to come down? Right now if I want to move 1ETH its costing me $109 from one exchange.
- ForHackernews 6y agoRight after the Tether/Bitcoin bubble pops.
- charcircuit 6y agoTether bubble? As in crashing from $1.002 to $1? USDT can always just be cashed out for regular money.
- microtherion 6y agoFor values of "always" that depend on whether Tether actually has $34B in reserves to back the 34B USDT currently in circulation. Call me crazy, but I'd bet on the "under" here.
- monkeydust 6y agoDoesn't Tether have to provide 3rd party audited accounts as to what they actually hold in reserve?
- ForHackernews 6y agoNo. They have occasionally claimed to be independently audited, but never provided proof.
- WJW 6y agoSupply and demand affecting gas prices is considered a feature, so it seems quite possible gas prices will only go higher if ETH becomes even more popular.
- suikadayo 6y agoOnce Uniswap moves to Optimism sometime in the next few months, gas fee should drop drastically across the network