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Additional context on the waste: gas fees are not only charged to those who have successfully minted an NFT - so those paying ~$5,500 worth of ApeCoin for the N
by gregdoesit 4y ago
Additional context on the waste: gas fees are not only charged to those who have successfully minted an NFT - so those paying ~$5,500 worth of ApeCoin for the NFT plus ~$2,000 - $6,000 worth of ETH for the gas fee.
If a mint is failed because of the wallet ran out of ETH, those people lose all their ETH and get nothing in return. An outlier, but this how this person lost $6,900 of ETH to get nothing in return [1]
[1] https://twitter.com/existentialenso/status/1520575140563664911?s=21&t=E6Wj8yYgiJp4EOmj99buyg https://twitter.com/existentialenso/status/15205751405636649...
- justinsaccount 4y ago> this person lost $6,900 of ETH to get nothing in return [1] Is that any different from people that pay $6,900 and get a worthless jpeg in return?
- rchaud 4y agoIt's the difference between "transaction failed" and "transaction failed successfully"
- ludamad 4y agoI can safely say that for all of today you can flip that jpeg for more (beyond that hazy). No such exit liquidity for a failed transaction
- ALittleLight 4y agoNo problem, just make an NFT of "The time I lost 6.9k in ETH" and sell that for 100 million.
- ricardobeat 4y agoIs there a better word than “stupid” to describe how this “sale” works?