3 ms·

And eth went through a recent update, dropping gas fees through the floor for some things. Not sure how long until this effects what users pay.

• fch42 3y ago
  That would be necessary to make crypto "useful". The "gas fee" for handing a banknote to a vendor is ... nil. The "gas fee" for tapping a card/phone on an NFC payment pad is ... nil (you're probably tracked, ho-hum). Crypto won't unseat classical until its "gas fees" go zero. At the very least to the payer.
  • beginnings 3y ago
    Nano has been around for years now, instant, feeless transfers. Its useful, but nobody is using it. It gets spam attacked every bull run as well which suggests certain influences dont want it to ever take off. https://nano.org/en https://nano.org/en
  • neglesaks 3y ago
    >The "gas fee" for handing a banknote to a vendor is ... nil. Ask the vendors what their bank fees for handling cash deposits are and revise that statement.
  • fragmede 3y ago
    > The "gas fee" for handing a banknote to a vendor is ... nil. There's no sales tax where you live? (which is entirely possible) > The "gas fee" for tapping a card/phone on an NFC payment pad is ... nil Merchants pay a credit card processing fee (2.9% + 30c per transaction) for each transaction. Looks and smells like a "gas fee" to me. It's much less than the ridiculous ETH gas fees, but credit cards cost money to operate. The fee is hidden so the naive consumer thinks they're not paying anything to use the credit card, but that's very much due to the actions of the credit card cartel, Visa/Mastercard.
• maeln 3y ago
  The data is easily accessible, no need to guess. The fees have been pretty stable for ~3 year now. https://ycharts.com/indicators/ethereum_average_transaction_fee https://ycharts.com/indicators/ethereum_average_transaction_... https://ycharts.com/indicators/ethereum_average_gas_price https://ycharts.com/indicators/ethereum_average_gas_price