4 ms·
>People are free to play the game (and metagame) with virtually no cost of entry besides time. Fees make using small amounts of money prohibitively expensive.
by purple_ferret 6y ago
>People are free to play the game (and metagame) with virtually no cost of entry besides time.
Fees make using small amounts of money prohibitively expensive. When I casually looked into yield farming, for instance, I saw a lot of 'small' players struggling not to lose a significant portion of it just from setting things up.
- dgellow 6y agoYou have other blockchains than Ethereum, with lower fees.
- jl2718 6y agoBut there are no onramps available to US citizens for anything but eth.
- 7sidedmarble 6y agoWhat does that mean?
- jl2718 6y agoAn on-ramp meaning an exchange that sells stablecoins to be used on a defi chain. There are several PoS defi chains with orders of magnitude lower fees, which exclude US citizens from the onramps. Some of them actually offer some degree of consumer protection from predatory contracts and exploits, as well as promoting fair-launch projects with low fees.