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Not to forget that "cheap fees" is an argument that doesn't hold up anymore - Bitcoin and Ethereum fees are outlandish; Solana and other chains are just about "
by flessner 2y ago
Not to forget that "cheap fees" is an argument that doesn't hold up anymore - Bitcoin and Ethereum fees are outlandish; Solana and other chains are just about "alright".
The tech at its core is really interesting though, sadly the most innovation seems to be in marketing at the moment.
- knowaveragejoe 2y agoThe fees are virtually nothing on the layer 2 chains, but of course that's besides the point because it's a hurdle for anyone remotely non-technical to get there.
- flessner 2y agoAll new networks promise low fees, but as soon as the activity shifts there they don't hold up. I have seen it happen too many times before and is just by design of the fee market. I don't even think the hurdle is that big, I find a lot of "crypto wallets" nicer to use than many banking apps - main issue imo is the risk to loose funds, which is significant even for technical users.