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Utility? The transaction fees are around $30 USD now.
by CyberDildonics 6y ago
Utility? The transaction fees are around $30 USD now.
- dmihal 6y agoFees 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.
- CyberDildonics 6y agoIt 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.
- imtringued 6y agoPresumably someone receives more than $30 in value from these transactions, otherwise they wouldn't be willing to pay them.
- CyberDildonics 6y agoNo 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.html#3m 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.