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The gas fees don't really correlate to any energy usage. They're actually a fee for computation on the block. It's no different than the Bitcoin miner fee, exce

The gas fees don't really correlate to any energy usage. They're actually a fee for computation on the block. It's no different than the Bitcoin miner fee, except it's based upon how much code is being included and the current network demand. It still blows my mind people think it is acceptable that the network eat their transaction fee if the transaction doesn't go through, especially when these fees are so high (as if now it can cost $2k to do any sort of NFT stuff). Imagine sending $100 to your mom with your bank and then the bank charges you $2,000 and then the transaction doesn't go through because someone sneezed on the keyboard at the bank and forgot to press send and then the bank keeps the $2000 and your mom doesn't get the $100. Only in this case they didn't sneeze on the keyboard, the transaction calculation actively changed to be $3000 and if only you had $3000 in your account your transaction would've gone through so it's your fault your bank didn't have enough money to send your mom $100.

iostream24 4y ago
Or more like someone is depositing millions into their bank account in small coins and it’s occupied all the tellers in the bank and no one is available to deposit your granny’s 20€ check
GaylordTuring 4y ago
> It still blows my mind people think it is acceptable that the network eat their transaction fee if the transaction doesn't go through, especially when these fees are so high (as if now it can cost $2k to do any sort of NFT stuff). I agree that this is ludicrous, but I don’t think that people so much accept it as that they tolerate it. Since, for most people (albeit not all), the only utility of cryptocurrencies today is to get rich, it doesn’t really make any sense to abandon a network that sucks from a UX point of view in favor of a much better network, if you believe that the alternative network will net you much less money.

iostream24 4y ago

Or more like someone is depositing millions into their bank account in small coins and it’s occupied all the tellers in the bank and no one is available to deposit your granny’s 20€ check

GaylordTuring 4y ago

> It still blows my mind people think it is acceptable that the network eat their transaction fee if the transaction doesn't go through, especially when these fees are so high (as if now it can cost $2k to do any sort of NFT stuff). I agree that this is ludicrous, but I don’t think that people so much accept it as that they tolerate it. Since, for most people (albeit not all), the only utility of cryptocurrencies today is to get rich, it doesn’t really make any sense to abandon a network that sucks from a UX point of view in favor of a much better network, if you believe that the alternative network will net you much less money.