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Just to be clear for anyone not familiar with the space, poster is describing the bright future of tomorrow, not the difficult reality of today. So right now an
by xyzzy123 5y ago
Just to be clear for anyone not familiar with the space, poster is describing the bright future of tomorrow, not the difficult reality of today. So right now an ETH withdrawal on Binance costs ~ $20.
A lot of people have expressed the sentiment that "the GAS price is too damn high". It is so high that interacting with "useful" stuff like swap contracts or liquidity pools costs $50 - $100 per shot and lots of interesting use cases are shut out because network fees render them uneconomic. It is sort of a burning problem that leaves the ETH of today as a network mainly for purists and whales.
I agree with parent that long term the future looks much brighter.