FEES

Vondy6

I was initially skeptical, but after carefully reading the JetBolt whitepaper and doing more digging, I'm sold! JetBolt is truly doing something outstanding - so much so that it can sound too good to be true at first glance. But the technology is there. NO MORE GAS FEES!!

xXBlackPlasmaXx

You know what **is/should be** listed for innovation? Nano. I like to think of Bitcoin sort of like a gold bar. Ridiculously expensive and valuable, but not good for spending. Every time you want to move/spend the gold bar, you lose some of the gold bar (fees). Nano doesn't have this problem, so I think of it more like money to spend. **So why all the hate for Nano?** Coinbase **refuses** to list Nano, and many people in the community dislike it. I just have one question: Why? I genuinely don't understand why. Is there something I'm missing? Even under tremendous spam attacks (which rarely happen), the transaction speed is usually less than 5 seconds with **NO FEES.**

Just_Key3964

Best Trading Platform for Memecoins right now: Axiom Pro \-10% OFF FEES with my Link : [https://axiom.trade/@claycmc](https://axiom.trade/@claycmc)

ClayCMC

Best Trading Platform for Memecoins right now: Axiom Pro \-10% OFF FEES with my Link : [https://axiom.trade/@claycmc](https://axiom.trade/@claycmc)

InstructionAncient78

I lost money with FEES, what does that have to do with it? Donkey

Zzz6667

You can easily imagine orange shitler announcing this insider information and insider opportunity to the crowd and bragging about it. Trump got millions of fuckin dollars in "FEES" from the launch in addition whatever holdings they created out of thin air. Fuck everything.

BuyHighValueWomanNow

Coinbase makes money by fees. Think about that. CB made 2.3 billion in FEES!!

magicseadog

Yeah crypto is a fee extraction system. Even the most basic defi is a scam. Onboard to exchange Buy token - FEES transfer to wallet - FEES swap to liquid staking token - FEES deposit borrow FEES repay FEES Trade out of liquid skating token - FEES transfer to CEX - FEES Cash out. I'm sure I missed some fee somewhere along the line.

NavyTopGun87

This token is a no brainer! who else is doing ZERO GAS SWAP FEES?!

NavyTopGun87

FEENIX is the only correct answer! they possess the amazing FEENIXBOT to swap with ZERO GAS FEES! what are you waiting for?!

PunxAlwaysWin45

[TOTAL $ INVESTMENT] + [FEES] / [BTC AMOUNT] = cost basis. example: $1000 + $0 / 2BTC = $500 cost basis. Then to calculate your capital gains its: [TOTAL PROCEEDS] - [INITIAL $ INVESTMENT] = GAINS/LOSS You should probably FIFO (First in First Out) track this so figure out an estimate of how much you paid originally for the amount you plan on selling. example: if you sold just 1 BTC from your earlier for twice the price of your purchases of $1000 for 2 BTC you'll have: $1000 - $500 = $500 of gains. based on other tax information you may be responsible for a percentage of tax on that $500.

Amber_Sam

>No, there won’t. The block reward will become zero once all 21m coins are mined… You're wrong mate. The number of 21m will never be reached, but that's a detail, many people don't know and it isn't that important. The **[block subsidy](https://river.com/learn/terms/b/block-subsidy/)** will be zero sats, NOT THE REWARD. That's why I pointed to my previous comment so I don't have to repeat it. From the link provided, because I believe you might get lost if you click on it: **Each block contains many transactions, each with fees attached to incentivize their confirmation. The sum of the BLOCK SUBSIDY and cumulative TRANSACTION FEES in a block yield the BLOCK REWARD. Because the BLOCK SUBSIDY falls by half every four years, TRANSACTION FEES will slowly begin to make up most and then all of the BLOCK REWARD.** Try reading up on bitcoin basics before commenting in this sub. TIA!

jawni

>What I don't understand is how we're differentiating between 'better' and 'worse' coins? What makes one a better investment than another, other than something like pure hype or sentiment? Stocks have different values because businesses have different underlying value (plus sentiment and hype, of course). One stock does better than another because one business produces services and goods more efficiently than another. Blockchains are in the business of selling blockspace. They need to be able to keep fees low enough on be affordable on an individual basis, while generating enough in the aggregate to properly compensate network operators. Keeping this context in mind, a blockchain would be doing better than another, if it was generating more total fees while keeping the median individual fee low enough for the typical user. Qualitatively you might look at exactly how many protocols are generating fees and the distribution and sustainability of the fees. Generally you wouldn't want to be overly reliant on one protocol to generate the usage needed. If their were two otherwise equal blockchains, you'd want the chain with more diversity in usage and more sustainable usage. Here you can see a chart of the gas used by individual applications on each chain: [ETH](https://app.artemisanalytics.com/project/ethereum?from=chains&tab=activity_monitor&chartMetric=GAS_FEES_USD) [SOL](https://app.artemisanalytics.com/project/solana?from=projects&tab=activity_monitor&chartMetric=GAS_FEES_USD) [SUI](https://app.artemisanalytics.com/project/sui?from=chains&tab=activity_monitor&chartMetric=GAS_FEES_USD) [TRX](https://app.artemisanalytics.com/project/tron?from=chains&tab=activity_monitor&chartMetric=GAS_FEES_USD) You can see both ETH and SOL generating a lot of revenue from a diverse set of sources. TRX generates quite a bit, but the majority comes from stablecoin usage as TRX is the favored network for a lot of people that used USDT for their every day payments. SUI isn't even close to the same ballpark, but it's a newer chain, so it's valued more on it's potential for growth. That's basically what you look at to value L1's. Valuing DeFi protocols should be a little more straightforward as they essentially operate as analogs to tradfi institutions.

lukehomaylewis

Actually since leaving that comment I have switched over to trading view for my charts and watching stuff but yeah Coinbase advanced is legit for lower fees. I just started paying for coinbase one subscription and holy hell.... NOW they charge me up the butt for SPREAD FEES. OMG I can't help but feel I'm being robbed a little. I think I'm going to cancel the subscription and just trade with coinbase advanced. That seems to be the best way to go so far.

micro371

Got into byc in 2013... had about 15. Sold 7 last bull run. Still sitting on 8. Bought 4000 ADA in 2017 @ .025 ($100) have more than triple from staking and rewards. Still hodl 100% XRP for its true purpose. Almost ZERO GAS FEES! I xfer across exchanges in XRP when needed to save $1000's also, XRP -> cash is crazy cheep as well. Only meme I did was doge, as stated above, paid off house, set up and paid for 2 kids 4 year college and Roth IRA rest in to dividend ETF's I'm living off those now since i was 45. Crypto has done me and my family well. My advise? Stop chasing memes this is real money that you worked hard for funds. It can change your life, most for the worst but the few who do PROPER DD and truly understand why they are give their money away to a project. And "XXX coin moon!!" Is NOT an investment, but a gamble.

MinimalistMindset35

Buy Bitcoin on Cash App or Fold. Bitcoin ATM usually charge high FEES. Check what the fees were

Puzzled_Objective749

Whats even better is trading memecoins on a platform like bullx which s super fast and making a killing. DM me or Let me Know if you want a link to get early access, skip the waitlist, and get 10% OFF FEES!

Puzzled_Objective749

Whats even better is trading memecoins on a platform like bullx which s super fast and making a killing. DM me or Let me Know if you want a link to get early access, skip the waitlist, and get 10% OFF FEES!

Hattorius

+ the fees. THINK ABOUT THE FEES

VivaLaBratlfettn

If only there was a Ultra Secure (Asynchronous Byzantine Fault Tolerant), Ultra High Throuput, fully open sourced and dezentralized L1 Network fixed FIXED FEES in USD that cost a fraction of a penny...

dj73

Scalping can work but you have already identified a major achilles heel. FEES! ByBit has better fees than Binance - 0.05% Taker and 0.02% Maker for example on Futures. Thats not the real issue though, the real issue is the bizarre behaviour of BTC or ETH during trading hours. Very few setups work if you are used to trading SPY or QQQ or even forex or nasdaq wether minis or not. Opening range is not clearly defined, nor is friday close as crypto trades 24x7 - so they only loosely correlate to market opens and closes and etc. If you trade silver bullet it can be even worse. It CAN be done but your win rate will suffer until you get the hang of it.

bigbarryb

the amount of bitcoin available to mine drops by half every 4 years approximately. eventually it will be less than 1 BTC per block, then it will be less than 1000 sats (0.0001000 BTC) per block, and later it will be 1 sats per block before being 0. If 0 is a problem, I imagine so is 1 sat per block, or 2 per block, or even 50 per block. My point is that long before we hit zero, we will need another way to incentivise mining than just new bitcoin. Fortunately there are two things that will help: 1. The drop is gradual. Half every 4 years is not THAT gradual, but it is gradual enough for miners to figure out how to stay profitable before the next halving. 2. FEES. We already have 2 things incentivising miners: block rewards and fees. The blocksize wars in 2016/2017 showed that miners cared about fees even in the past when block rewards were much higher. So in the future, as fees become more than the reward, fees will be more appreciated. The other thing of course is supply and demand. If a block provides 0 rewards and only 100,000 sats in fees, then 100,000 sats should be worth enough to pay the bills and remain profitable (also considering you won't be the only winner every 10 minutes). If not, the value of Bitcoin will rise, or the amount of energy used to secure the network will reduce. I've always figured that the energy used to secure the network would naturally resist governments because the moment they try to attack, the users will react and defend.  The funny thing is that governments now starting to value Bitcoin will also be defending the network against other governments. Maybe the army budget becomes the bitcoin defense budget 😄.

beep_bop_boop_4

Well the main criticism of Ethereum for years has been that the transaction fees are too high. Vitalik and other Ethereum bulls promised L2s would fix it. Now L2s have fixed it. Haters: BUT THE FEES AREN'T HIGH ENOUGH, IT WILL FAIL!!!

Warm_Iron_273

Always amazes me the software would allow this and not have some limit that screams at you like ARE YOU AWARE YOURE PAYING THE EQUIVALENT OF $90,000 IN FEES.

guestquest88

Hey kid, you're getting scammed. Nicehash is NOT the way to go. You won't be able to withdraw anything for a month- just watch. Plus the FEES to withdraw will eat up so much profit, that you're better off getting some kind of an income going to BUY BTC instead (since Nicehash operates on BTC). Who's experience/ research is similiar?

Stocks-Crypto-Space

But to be honest I’m a little pissed how everyone says buy bitcoin save it trade it buy other crypto online but but every time you sell or buy or trade it’s costing you money 💰 but yet everyone says OH ITS BETTER THAN BANKING NO BANKING FEES THATS TRUE ITS NOW CALLED BURNING FEES BUT MORE MONEY TO BUY OR DEPOSIT CRYPTO TO ANY BROKERAGE FIRM LIKE coinbase or coinbase wallet everything cost you more money 💰

RoughReality277

I have 2 places where there are NO FEES for Daily/Weekly/Monthly Buys (DCA).. the price is is usually within +/- $100 of Google's current price.. and I'm NOT paying any type of membership fee (like Coinbase One). 1 place allows me to send to cold storage for free (minimum 50K sats transfer), the other charges a typical/standard/low transaction fee for segwit BUT also offers Lightning-BTC transfers. They do exist and have been reliable for years.. I also know of some places that markup the price of BTC & charge fees.. lol

Training-Ad3350

FEES?!?!

TheLastZimaDrinker

FEES

AmbitiousAd9320

watch the fawk out WHATEVER you do for the FEES, scams, rugpulls. shits worthless anyway. hope you dont have much "invested" because it hasnt ended well since 2023

EmpiricalRutabaga

Holy shit, 37.626BTC just in FEES for the halving block?! Some miner is going to be veeeery happy.

tofuchrispy

37 BTC JUST FEES on that block yooooo everyone wanted to be in

btcangl

I think ETH should put a warning label on all their dexes and wallets in large letters: WARNING! OUR FEES ARE EXTREMELY HIGH. YOU WILL LOSE MONEY. This would be a fair thing to do. Vitalik is not going to compensate you with his billions. Maybe he should.

malignantz

Holy shit the FEES!

TabletopThirteen

None of them do. Go to the Solana subreddit and they ate all clueless. "I JUST SPENT $50 ON GAS FEES THIs SUCKS." Well maybe you didn't do 5 minutes of research into L2s

BraidRuner

I know somebody...who sent over $600,000 plus to these people and still to this day he is being milked for $60,000 for FEES and Fees and fees...so sad and he does not believe he has been scammed...as he is being scammed for even more...I cant even...I just cant

Spiritual_Navigator

Worldcoin Tresury has been paying $1-2 million in GAS FEES to give its users their free 3 WLD grants That's every 2 weeks...

MaximumStudent1839

>The fact that it’s culturally recognized is still valid. It is recognized in the sense that people recognize poop when they see it. To say "culturally recognized" means, it cultural sway and weight. lol. Much of crypto has no culture besides larping. The NFT sector is the worst offender. Everything is done under the guise of making money. >Doge. And that’s pretty hot rn. The fact you compared Doge with NFT larpers tell me you have very superficial understanding of the space. I have watched ETH NFT from 2021 until now. Paid attention to every move and BS! Doge has funny memes and engagement. Elon even replaced that the blue bird with the dog on Twitter. These are cultural tidbits. NFT larpers claim they want to support building the "metaverse", "IP", "crypto gaming" and all sort of BS. Most don't even get half way and call it a day. When the floor price stop moving, all of these KOLers just switch to the next hot pfp, no matter what has been built. Despite ETH NFTs projects have extravagent funding, they have made a much less cultural awareness and attention impact than memecoins. How many NFT blue chips done crazy stunts like putting a hat on the Wall Street bull? Nada. It is all about why floor price this and that. Talking down on others as "too poor" to understand their shit. And then when goes down, they lie about how money will rotate back into them. Yes, the ppl they ridicule would be the ones pumping their floor price. Lol the entitlement and copium... > Did you completely miss the part about cheap L2? Is it cheap? Right now, it costs $1.21 for me to send ETH from Coinbase to Arb. I have heard so much condescending and gaslighting BS from ETH maxis. Like, *"if you aren't willing to pay these "cheap" ETH L2 fees, you must be down so bad and should just leave crypto and give up."* That is the nauseating attitude from ETH maxis that has put a lot of us who used to buy ETH to want to pull a BIG MIDDLE FINGER AT YOU ALL! >You see a btc fee lately? Here is a nodemonkes purchase example on MagicEden: (41 minutes ago) [https://mempool.space/tx/29722af3100dab9ffd71e5603e0864ef370c1501438df1152555b67bf6616963](https://mempool.space/tx/29722af3100dab9ffd71e5603e0864ef370c1501438df1152555b67bf6616963) It costs $17.41 in fees on BTC. Within the same time, here is a MAYC purchase on Blur: (41 minutes ago) [https://etherscan.io/tx/0xfe0bd04aa100ef1868a2c9f09351af94ed95fa03a7c4430f6a6edca0e16a28a7](https://etherscan.io/tx/0xfe0bd04aa100ef1868a2c9f09351af94ed95fa03a7c4430f6a6edca0e16a28a7) It costs $100.64 in fees on ETH. No. Anyone who has used BTC/Ordinals know it is fucking more expensive on ETH than BTC. >High fees mean PEOPLE WANT TO PAY THOSE FEES The most funny part of ETH maxis is a whole lot of you don't understand how your fee market even works. It is not a real time bidding auction, as many want to claim. After EIIP-1559, fee is determined by LAST BLOCK's capacity and completely denominated in ETH. When market rallies, cascading liquidation of shorts often mean positions **NEED** TO PAY THOSE FEES. There is a funny analogy to this ETH maxis BS talk. It is like saying, the US has a housing crisis, because PEOPLE WANT TO PAY HIGH MORTGAGES. It is incredible gaslighting feed by the crypto bigwigs and higher ups to gaslight the entire low IQ group in this space. It completely ignores how it is due to ETH not scaling its blockspace on main net and artificially setting a price curve based on EIIP-1559. I don't believe most Americans would buy housing price is high because they *WANT TO PAY HIGH MORTGAGES.* Yet somehow, this nonsense is getting such a crappy pass in this space.

DiscoverCrypto_org

The fact that it’s culturally recognized is still valid. They might be ridiculous. You know what else is ridiculous? Doge. And that’s pretty hot rn. You’re talking about Gwei at 100. Did you completely miss the part about cheap L2? You’re saying people will go to btc because eth has high gas fees. You see a btc fee lately? High. Can you use smart contracts on btc? It’s not designed for that. High fees mean PEOPLE WANT TO PAY THOSE FEES. if they didn’t want to pay fees, the chain would be a ghost town and L1 fees would be, well, free

Fish_OuttaWater

No because IF you took a profit, you’d have to pay short-term gain tax on it. Depending on your tax bracket that could land you up to 37% to Unc Sam (unless you live in Puerto Rico or Portugal - in which case they don’t charge capital gains taxes on crypto). Yet buying in when it is high (how high it may go further we can only speculate, but none of us know for certain) means that your cost basis will also be high. Those of us who are profitable right now, if we were to cash out for fiat, most likely bought in at a lower cost basis. IF you have those funds already dedicated to buy a vehicle, than a SAFE place to park it instead of as a dust rag would be a [Wealthfront](https://www.wealthfront.com/c/affiliates/invited/AFFB-RCXJ-TKY5-M3DS) account where you can make 5% APY on it (compounding daily) and monthly disbursement. That’ll generate about $114 in one month. So if you opened the account today, and funded it, you’d receive your interest payment on April 1. That link is an affiliate link which would generate an additional .50%, for a total of 5.50% for both you & me for 90-days. As that is the maximum you could earn from Wealthfront, unless you open an account & send your affiliate link out to others who are interested in making the highest interest-yield on savings. The account acts as a combo saving/checking account, in that you can open w/ as little as $1.00 USD & make as many deposits/withdrawals as you want with absolutely NO FEES. You can even request a debit card, and they can issue you an immediate debit card for your eWallet which will work instantly while waiting for a physical card to arrive. As an additional peace of mind, is that Wealthfront uses FDIC to insure your cash up to $8mil because of all the banks they are affiliated with, which is unheard of as the industry standard (including your brick & mortar) is only $250k (per individual, per financial institution [not account]). I used to park cash in my safe but knew the fiat was sitting there cold & doing nothing but being a dust rag. Now i park my cash in Wealthfront and have generated over $500 in just a few months. Plus I can move money from Wealthfront right into my investment accounts when I’m ready to put that money to work. Some transfers are same-day, others take up to 3-days. You will have to explain to someone at the bank why you are making a deposit over $10k in cash, as the bank will have to generate a Form 8300 (which is Unc Sam’s way to track cash coming into the bank in larger sums - with the goal to prevent laundering/trafficking)… and don’t think you can make deposits under $10k & do so a few times a week, or over the course of a few weeks. As that is called ‘structuring’ & is illegal. The $10k cash trigger is for a 12-month period😔 (I make large cash deposits often, so have had to polish up on all this BS). Mine are legitimate transactions, but is good to know. Hopefully you aren’t in the states & none of this applies to you.

HumidMind

Long term hold coin is on chain. Metal wallets and concrete poured drama cracks me up, paper/trezor/ledger, whatever, just don't lose the damn words. Been in FBTC since since 34.45, as I would NEVER buy BTC to hold at 40K+fees and spreads both sides in and out. NO FEES. NO slow sell if market busy. NO FEES. Buy set stop outs on way up, rinse and repeat. And no, my profits will sit in SPAXX/fiat to buy for on chain, at the next dip to 25K. :)

SadGuru-

**WHAT IS BITCOIN -** https://youtu.be/IQHLpdWvyK4?si=TlPHlAR69AaJ9qDB In simple terms - https://youtu.be/41JCpzvnn_0?si=xf6OKidct1gx47iU **BITCOIN MINING -** https://youtu.be/BODyqM-V71E?si=pICeVFnLQ8NB1FDS **BITCOIN HALVING -** https://youtu.be/Ye9ckbN_lqc?si=T1V3w0FjdD_XbAox https://youtu.be/rT3szqSykVU?si=KYRvRAmiOw29YOsu https://youtu.be/OVCIhBEqgNE?si=BM3KXb425vZcnOAl **WHY BITCOIN AND WHY NOT ALTCOINS -** https://youtu.be/dO486Gfw9ds?si=CnMO6QVMHukuyGZV **NOT YOUR KEYS, NOT YOUR SATS -** https://youtu.be/opCOevmJAko?si=639clpoZ5EZTpPtf **HOW TO SELF CUSTODY -** https://youtu.be/z3n1uZrNvXo?si=_hJnOWFwQMuOu89K **STORE AND USE BITCOIN -** https://youtube.com/playlist?list=PLPQwGV1aLnTtAmzmz6uVE0kTKXtaGX1zY&si=J4hbumJ1uWWwkNwQ **BITCOIN TRANSACTION FEES -** https://youtu.be/GN6PmCqFikw?si=DQomg4JmDvPBt6Xw **CAN BITCOIN BE HACKED/BANNED -** https://youtu.be/AdqGXeCmit4?si=7P3e6xxN7SvLAPim **51% ATTACK -** https://youtu.be/ncPyMUfNyVM?si=cYz22NYhmh5JykY5 **OTHER RESOURCES -** https://youtu.be/5JDrK7sP3gA?si=yZ6OU5hhK4yf7Fer https://youtu.be/MMPxSdT013M?si=7DXQA5T2Cy0dbJ6p https://youtu.be/_0NOJhTy4MQ?si=s5sfLQUuCo7b9Ghe https://youtu.be/Vfq7LNDCdNQ?si=aq5Vn7Gu0zoD-qk6 https://cointelegraph.com/news/bitcoin-only-buy-and-hold-investment-strategy-outperforms-altcoins-over-the-long-term-analysis-shows https://blockworks.co/news/can-blockchains-beat-bitcoin-security https://bitcoin.org/bitcoin.pdf The Bitcoin Standard: The Decentralized Alternative to Central Banking (Book)

spearsy33

I use fold…. 5$ minimum. No fee… If you want to use Coinbase, use the direct deposit feature. NO FEES…. I was doing that and buying 200$ every paycheck.

MinimalGravitas

> and if people don’t wanna pay the exorbitant fees, they turn to L2s: You're saying that like it's a bad thing... the plan for about the last 3.5 years has been for users to migrate to L2s: https://ethereum-magicians.org/t/a-rollup-centric-ethereum-roadmap/4698 In fact that is exactly what has been happening and there are about 5x more transactions each day on L2s than L1s. https://www.orbiter.finance/data > and in those cases NO FEES = NO BURN = NO DEFLATION… But that's where you're missing the key part, the L2s have to pay for gas on the L1. Currently 4 L2s, Arbitrum, zkSync, Optimism and Scroll, are all in the top 10 'gas burners', with Base and StarkNet not far behind! Ethereum really is designed well enough to 'have its cake and eat it too'. Cheap fees for users, a deflating asset and decent rewards for validators.

TriggeredUBruh82

… and if people don’t wanna pay the exorbitant fees, they turn to L2s or other L1s (hence SOLs existence) and in those cases NO FEES = NO BURN = NO DEFLATION… do you see the problem here?!

clash_is_a_scam

> Instead it's made for the hard times that people from other countries go through lol Blockstream's CFO literally said "Bitcoin is not for people living on less than $5 per day". And due to this ridiculous block size constraint, BTC FEES are more than a monthly income in any poor place. Even if I concede that a few people in Myanmar can use BTC over Tor to send vital funds for human rights work, you're saying this is worth it to cripple BTC for the rest of the world, limiting it to 6 transactions per second, and making fees >$100 per transaction every few months?! seems ludicrous to me.

Dry-Muffin-3802

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Dry-Muffin-3802

WALLET ACTIVATION AND MONETIZATION ARE SUCCESSFUL!!! I'm here to show my appreciation to this man who helped me activate and monetize all my funds from my wallet and send them to me through BTC, without any UPFRONT FEES OR NETWORK FEE I'm so glad to be among your winning team sir and I will always show my gratitude and work with you always. Message him on WhatsApp and get your wallet monetized or activated immediately. 👇👇 DM NOW ASAP

Super-Beautiful-1228

I had exactly the same!!!TO TRANSFER 60$ RECEIVED 3$ IN 6hour transfer! And 350$ Was 270$ transaction FEES on bitcoint.com!! BITCOINT.COM wallet Transfer is the biggest SCAM I Seen should be illegal!!

socalmikester

why? whats the purpose of holding magic beanz? line go up? until it doesnt. then theres the FEES to cash out...

socalmikester

then ya find out about all the FEES when ya try to actually take profits.

Cheeta380

$SOL FEES = less than 1c

Objective_Digit

> Which also applies to Bitcoin, right? And makes it even more expensive to liquidate due to the fees, so what's exactly your point? lmao Jesus Christ. I pre-empted this answer and yet you still gave it. NO ONE IS CLAIMING BITCOIN HAS NO FEES

socalmikester

wait til they see all the FEES! lol

socalmikester

i just know when you THINK you can cash your bags out, they hit you with increasing FEES. sorry if the truth hurts, hope not much was lost.

LogrisTheBard

> You praise it for being deflationary, but do you know how it becomes deflationary? FEES. The protocol CAN NOT be both deflationary AND have low fees. In order for deflation, the fees have to remain high. If they find a way to bring the fees down, it will never be deflationary again. So which one is it? As I understand it the goal is to have high fees on L1 and low fees on L2/L3 which does accomplish the goal of high security and low fees at face value. You can speculate that this will be delivered 2 years later than they announce if you wish or you can speculate that it's not viable for some technical reason or other but I feel your argument is uninformed/disingenuous unless you are aware of their agenda and address it in some way.

maynardstaint

My issue with your statement is the entire second paragraph where you lay out your OPINION about ethereum. The enterprise Ethereum alliance is the least transparent blockchain company in existence. So I have issues with “most well developed”. Absolutely not. Their Shanghai upgrade was almost two years late. That’s a what issue? DEVELOPMENT. And didn’t solve the issue. They still require multiple updates. Who bought the eth ico tokens? How many? Who holds them? Was it JPM? Lubin says they have been involved in the business since before mainnet launch. That’s pre -2015. I have serious issues with whether or not ethereum is decentralized. And I DO NOT BELIEVE IT IS. There has never been an audit. And they actively work against upgrades that would show us. You praise it for being deflationary, but do you know how it becomes deflationary? FEES. The protocol CAN NOT be both deflationary AND have low fees. In order for deflation, the fees have to remain high. If they find a way to bring the fees down, it will never be deflationary again. So which one is it? Eth is amazing for smart contracts. But I believe their first mover advantage is over. They squandered it. They have shown the world what is possible. Now someone else will do it better.

Rice-Fragrant

I use cash App because you can get PAYED IN BITCOIN from 1%-100% and pay ZERO FEES and transactions are zero frees if it’s at least $20. I once used Coinbase but I no longer do because I don’t want to financially support a shitcoin casino.

thekoonbear

Holy hell this sub is full of tin foil hats who don’t understand the basics of finance. Blackrock looking to launch an etf does not mean blackrock is looking to get long thousands of bitcoin for themself. It means customers want to own a bitcoin etf which holds bitcoin, and blackrock will hold the bitcoin on their behalf and charge a fee. **THEY DO NOT CARE IF IT GOES UP OR DOWN, THEY ONLY CARE ABOUT THE LEVEL OF INTEREST IN THE ETF AND AS A BYPRODUCT THE LEVEL OF FEES IT GENERATES.**

Plus_Screen4706

1% is pointless unless your capital is enormous! Its a fallacy ...like j powell crowing on and on and on about inflation to 2%. Using 1% of your account is basically just being in the game for the sake of it. The returns MINUS ALL THE FEES just isnt worth it. Spot dca does exactly the same thing without the stress. I've been there done that and the probabilities are so stacked against you, the house always wins....or you might get a few quid profit for weeks of staring at a chart in the hope its not turned against you.

Ins3rtCoin

Save the rich like always. The is the same shit that happens with WS. Like imagine you make a mistake and pay 19BTC IN GAS FEES. Do you think someone will give it back to you… they protect each other

bzzking

It’s the TRADE FEES on CEX that totally take away from trading profits 😔

AltruisticPops

*everytime I read about crypto atms* FEES

solomonsatoshi

Best way BY FAR is buying from people you know- this is the true decentralised exchange of Bitcoin. If at all possible AVIOD CEXes- they DOX you to government and they charge usurious fees and may confiscate or withhold your deposits. By now BTC is widely held so if you invest time into networking with people you know there is a good chance you can buy and sell among your own network- failing this go to meetups and connect with other Bitcoiners. AVOID CEXes KYC and FEES- buy and sell directly with real people.

PARTY_H0RSE

Bullish on $FEES 🥲

3utt5lut

Nobody really looks at the technical advantages of other cryptocurrency networks, like say BCH, which is vehemently hated on this sub and by many BTC maxis because it has poor price action and isn't as widely adopted. Well I hate to break it you, BTC isn't that accepted either, practically nowhere accepts it as legal tender and it's frankly useless other than being a store of value. Even Ethereum is in the same boat, it's too goddamn expensive to even use their main L1 network, depending heavily on L2 solutions and BTC is heading this way too. How is something that is too expensive to use and mine, going to change the world? Banks are cheaper and easier to use than both of the largest shilled networks in this space. BTC at $1M would have INSANELY HIGH FEES, how much sense does that make for adoption? Look at DOGE, it was literally created as a joke and it has INSANELY LOW FEES, INSANELY FAST TRANSACTION SPEEDS, and basically an infinite supply. Too many people only think of the fast money aspect and pay no attention to the dwindling technology that isn't advancing in major networks. In the cryptocurrency space, anything can be replaced with newer, better technology, but instead everyone focuses on what has survived bear/bull markets. If it doesn't consistently advance itself like Vitalik Buterin has been doing with Ethereum 2.0, it's going to be redundant in the future and basically just be a memecoin of a once great network.

srikar_tech

Zero Fees is the differentiator imo. If everything they pay for becomes 2% cheaper they will. No other crypto in the entirety has ZERO FEES whilst being decentralized + fairly distributed. I don't know why people are not focussing on these fundamentals. No other coin does it like NANO does.

FattestLion

let me fix his response for you: >"I actually believe the technology is fantastic BECAUSE I AM ABOUT TO LAUNCH A BITCOIN ETF AND I NEED EVERYONE TO BUY IT SO I CAN EARN SOME HUGE FEES AND THEN PAY MYSELF A HANDSOME BONUS"

BrocoliAssassin

Cheaper FEES not Bitcoin. It's right in the article..

Gr8WallofChinatown

It is a small network mostly run by exchanges or app developers. That’s about it. The run it out of necessity for metrics and blockchain reasons. Otherwise, no average Joe runs it long term because you lose money and there is NO compensation. This is bad and the entire point of decentralization is that people will contribute by running a node or donating atleast 1 thread to secure the network. You said there was incentive, tell me, where do they get their fees and profit when there is 0 FEES

BIGDADDYCRYPTO6900

That’s what usually happen when people who uses Bitcoin tries to send or use BTC after seeing them FEES… They blink twice at the screen as this shit can’t be for real…..

emyfsh201

I think three key issues should be top priority for crypto devs they are - SECURITY, EASE OF USE and LOW FEES for mass adoption to happen.

badfishbeefcake

buy a pack or gums…. $15FEES!!!!

yester_philippines

Sadly yes With ZERO FEES but a 30$ subscription

yester_philippines

We announce ZERO-FEES For only 30$

STP_VEGAS

But with btc, the FEES are the fees!

KBtrae

That was my reaction. If this person missed the giant ESTIMATED FEES text showing what you will likely be paying, then they didn't * Make sure the coins were correct * Make sure the amounts were correct But the DID make sure they had enough gas. Stupid is the only word that comes to mind.

Forward42

Hmmm…..wonder what the FEES look like

jumpghost69420

There is a reason I left eth for avax. hint its called FEES.

Giga79

This is why the halving mechanism makes NO sense to me. It is effectively a pre-mine. How is it that someone with a laptop 10 years ago deserves a 50 BTC block reward, and someone with an energy center in 2024 deserves a 3 BTC block reward? It was designed to be unfair from the beginning, benefitting only the early adopters and ripping everyone who comes after a new asshole. The energy center that consumes 4 BTC to mine a block reward worth 3 BTC necessarily capitulates into the next largest energy center, every time, centralizing the job of mining and making it impossible for any smaller entity to mine again after the fact. BTC needs to be secured by energy. Miners need money to pay for this energy. BTC's halvings will take that money away entirely, on an exponential scale (every 5 halvings is a 97% reduction in miner payout). This means in the future, without inflation blockspace FEES will have to secure the entire chain. Why does a person *born today* deserve to pay $300+ to make a single transaction, when you only have to $3 since miners not reliant in fees yet today? In other words *blockspace fees are subsidied right now,* despite that still no one is paying even $30 to use it so why will anyone then? If kids born today refuse to pay $300+ the chain becomes insecure and worthless, again without halvings all could have been avoided. We are in the phase where we still *celebrate* halvings. For how much longer? What happens when a halving inevitably halves the hashrate, do we still celebrate the lead up to the next one? This trajectory is not sustainable. There's no way BTC will ever be a *currency* in this state or anything but wildly speculative. If it became a currency, we'd have the most disgusting inequality you could ever imagine - being a legitimate slave just to pay your blockspace fees to have *some* access to currency. Halvings didn't even make sense in the beginning. Having a coin artificially pump 100x every 4 years was never conducive to building a legitimate currency. *Of course* people started to hoard it, it's *precisely* how it was designed.

fatlever2

> aDoPtIoN **Decentralization + Adoption = FEES** I think most people who have been in the crypto space have come to a realization that you really can't have decentralization without fees. You need a large number of geographically diverse network participants/validators in a permissionless open network. The only way you can do that is economic incentives in fees and/or subsidies. In a decentralized network there are caps in throughput, so fees grow as network usage grows since users compete to have their transactions included. The only solution is to compromise some decentralization with Layer 2 networks. Bitcoin realized that and Ethereum have realized that as the network grew and they have growing Layer 2 solutions. The networks that claim they have low to zero fees and are decentralized are all centralized in one way or another. - Nano has 7 principle representatives who have 60% of the vote distribution and has been vulnerable to spam - IOTA had a central coordinator that is a central point of failure - Ripple Ledger is completely permissioned network like 35 trusted validators that Ripple has selected to validate transactions - Binance Chain has 21 permissioned nodes running a Proof of Staked Authority consensus model - Solana is centralized with only a small subset of validators that run expensive hardware which process transactions

LatinumGirlOnRisa

*"one Moon is worth more than most world currencies?"* well, I wouldn't be surprised. esp. considering the US dollar has lost apprx. 99% of it's value within the past 100 years, that it's lost at least 70% of it's value since that criminal sociopath, Nixon, took 'our' US dollar off the gold standard in the early 1970's. and that, what? it's at least 80% of all of *this* 'money' has been printed within the past few years? that's astounding. we're being deflated into oblivion! it's a crime, fractional reserve banking, a crime! immoral, unethical laws happen and banks reverted back to being legally allowed to make huge amounts of interest on our deposits while giving us nothing in return, another crime. also, unless we maintain a certain minimum account balance, they charge us ridiculous*FEES* every month, just so we can allow ourselves to be robbed by these banks. yet, still far too expensive to be *UNbanked!* 🏦🏧 credit unions can help ease the burden somewhat but even they're not a complete answer. and God help an impoverished human being who has an overdraft event.😯 oh, yes, Bitcoin🪙 + a short list of other cryptocurrencies sound more like better options every day that goes by! because the worker-bees are tired of propping up the greedy lifestyles of the corporate crooks! with their stock buybacks..and the bankers [ *"crooks with pens!,"* I once heard someone angrily say]. we're also tired of politicians giving *themselves* raises and giving us fewer & fewer services...all while raising taxes. definitely, we're tired.😐🧚🏾‍♀️

quietyoucantbe

Robinhood. I KNOW a lot of people will say hell no, but there are NO FEES, and you can buy and then send instantly

Dazzling_Marzipan474

I bet between all the fees ever paid, all transaction fees, trading fees, credit card deposit fees etc.. it's prolly more than the entire market cap of crypto. Just last year I paid over 6% of my entire portfolio in trading fees alone, not including transaction fees for moving crypto and I don't even trade much. Each trade each way (buy/sell) is .1%-3%. I never pay 3% too. Usually much much less. That's not even counting spreads too! Just the last 24 hours Binance did about $75B in trading volume so figure that's half the entire exchange trading volume so say the entire volume is at $150B. That alone just at .1% fees = $150M JUST IN FEES! On a slow day! That's almost $55B a year. Not counting any gas fees etc and at the absolute lowest rates at .1%.

Tribalboi69

Social recovery is just one aspect of account abstraction. First of all it will be quantum resistant and has multiple benefits. 1. Multicall where you can bundle multiple transactions in one so for eg in a dex you need 3 or more transactions for a swap which get bundled in one in this. 2. Session keys where you can have pre defined rules to interact with a dapp for eg max amount of gas, max transactions etc 3. Social recovery and multi factor authentication and similar services to gnosis vaults. Benefits of this is you can automatically block transactions to scam address after scanning from a list. Set daily transaction limit and integrate offline services like checking whether that nft is legit on opensea. 4. Plugins which make accounts more flexible and modular. So you can remove features after you have created a wallet etc 5. Pay fees in other tokens like shiba inu instead of eth, make every phone a hardware wallet, different signing schemes, projects can pay fees on behalf of people, quantum resitance and more efficient signature algorithms which leads to LOWER FEES. I just took this from the argent page which you guys can check since it is described in more detail there.

crypt0_sports

Years upon years of being sabotaged, FUDDED and everything you mentioned above that the ETH maxis have done to Solana and their supporters has been weighing on it and I’m not surprised that they are giving up. It’s sad that it can’t scale. They should have taken it down years ago and fixed it. Instead you have this. I loved Phantom Wallet, ease of use with Solana and most importantly- LOW GAS FEES! Even flipped some NFTs on Sol Sea. However, ETH is to Solana what Amazon is to eBay. Both got their footing around the same (I’m talking general population awareness - not people into crypto before 2020) timeframe on a national scale. eBay couldn’t get out of its own way and Solana can’t stay online. While they’ll never be truly gone, the monsters will take every opportunity to destroy their smaller counterpart. Why sellers tolerate Amazon 30-40% selling fees I’ll never understand just like I’ll never understand the exuberant ETH gas fees. It’s just what people are used to I guess 🤷‍♂️ Why anyone would want to pay 50-200% of a transaction in gwei gas fees, I will never understand. One is more colorful, easier to use and has lower fees. However,

Sedan_Dad

no one wants your negativity either OR BTC PURCHASE/TRANSFER FEES BUT WHAT A WORRRRLD

Castr0-

That is because they have no FEES on BTC trading. Is easy to understand that number. The other 2% don't know about it.

draxus99

Here's my main counter-arguments / criticisms: 1)Fundamentally, with Fiat + Fractional Reserve Banking, Banks can lend out way more money than they actually have, and at interest. This is centralized power over the creation of money. Cryptocurrency, while the bastion of "decentralization", doesn't seem to offer an answer to that fundamental want/need: the Decentralization of the CREATION of Money. (Show me a crypto / blockchain where I can Create the initial "Loan" that I would otherwise Take to start a Business, and use to Pay myself for my work!) 2)Fees. So you're telling me Cryptocurrency is the Newest form of Money, but we still need Fees? I mean... New Form of Money made by Programmers, but we kept one of the WORST aspects of Money in general, FEES? (The only argument I ever hear when I bring this up is just to hammer on with BECAUSE IT HAS TO BE. If you're creating a Cryptocurrency via Programming, you get Fees only because you *want* Fees, not because it is a fundamental necessity.) 3)Crypto doesn't offer a solution to More Money = More Power, Less Money = Less Power. Someone with $1000 in Fiat can simply buy $1000 worth of a given Crypto, and immediately have More Power than someone with $500 worth of Crypto. (Show me a Crypto solution where Less Crypto > More Fiat) 4) UBI (Universal Basic Income). If we *want it* why do we not simply create it as a Cryptocurrency? (I mean what is stopping us, right? If nothing is stopping us, surely we ought to create it, but the fact that *no one has* is pretty telling in regard to the entire premise of Crypto as New Money.) Fundamentally I've yet to see a Crypto solution that: 1)Offers everyday people the fundamental ability to create Money. 2)Doesn't incorporate fees whatsoever. 3)Levels the playing field instead of just tilting it further in favor of those with More Money and against those with Less Money. 4)Creates a Universal Basic Income. ... Hopefully I don't get rekt for these heretical views!

TNGSystems

A trillion people saying the fees are too high - WHAT ARE THE FEES

hicoBM

They are paying a shit!!!! In the long run YOU ARE THE ONLY PAYING THOSE FEES AND TAKING THE RISK!! What happens if the stakes protocols gets hacked! I guest your loss if ONLY yours!!!!

rcjack369

>Binance is the one who has the lowest fee as far as I know, 0% if you wire the money. > >Strike is also good but not available in Europe. in USA, ATM FEES TO HIGH

EngineeringFinal3419

FEES ARE ABYSMAL 😭😭😭 My £200 investment turned into £220, I tried to sell it and they gave me £200 back

head77

Because of FEES!!! 💰💰💰

shmellyeggs

Spoiler alert - NOBODY WANTS TO PAY FEES.

French_baguette50

BTC FEES are a laugh compared to ETH imagine the fees sending 2 K ETH

lurker669

Someone transfers ETH, and I pay the transaction? That’s what you think of me, Skyler? No. I AM THE ONE THAT FEES.

Humament

And you also get tx fees when you solve a block....FEES = $$$$$

Giga79

That's some serious copium. They weren't like this when ETH's ratio to BTC was half as much, which is pretty funny. Gold provides so much value because of its network. If you had to mine and process it all by yourself, it would cost more and be much less valuable than it is. Now you can get $0.03 of gold in your $5 TV remote without absurd mining costs involved at all. It's an entire industry. Bitcoin has value because of its very decentralized network. Which can only exist today because miners are being paid through new distribution, diluting HODLers worth in equal proportion. The plan is for FEES to replace this distribution over time as each halving continues. Essentially for every $1 of blockspace you buy today someone in the future will have to pay $100. For as long as fees have *not* paid for security, Bitcoin is still in its infancy, in a growth/startup phase, and very very speculative. There is no guarantee people will want to pay $100+ per each use of the network in the future, considering most people don't think it's worth $1 to use today while blockspace is subsidized by new issuance. This means there's no sure bet the network will persist, like we know it will with gold due to gold's inherent intrinsic value. This is part why BTC maxis say there is only 1 cryptocurrency. They know if there's any competition, access to any cheaper blockspace, people will use that instead and fee revenues will never accumulate. People must be forced into BTC or BTC cannot exist. BTC collects the same fee revenue as individual *dApps* like GMX do each day so has a lot of catching up. There's simply no way to turn $100 of BTC blockspace into a $101 product like you can with some other cryptocurrencies, or with any commodity. The only argument maxi's have are the price is going to infinity *because* so miner income or all of its off-chain scaling is irrelevant, and Ethereum is a security *because* they say so. Maxi's are coming up with absurd amounts of copium lately. Instead of seeing any intelligent ideas, how to bring this back, how to justify this and any future valuation, how to bring fees to miners, they stuff their fingers in their ears and chant mantras at each other instead. "HODL lolol only idiots *use* blockspace, you *don't* want to be the pizza guy!"

Lavasioux

I often share these XLM daily stats- Stellar #XLM Stats for Dec 15, 2022 Transactions: 3,707,784 Operations: 12,351,721 (3.33 Ops/TX Avg) Average TX Cost: 0.000664 XLM ($0.000054) 3.7 Million transactions were made on the Stellar Network today, and ALL of the transaction fees combined add up to about $200.  The average transsction close time is under 5 seconds and the fee is less than 1 cent. Stellar has a built in decentralized exchange (SDEX). It may be accessed through any Non-custodial XLM wallet (Stellarport.io , Stellarterm , Lobstr.co ) or via the Stellar Labratory at Stellar.Org. There are over 130,000 unique tokens issued and currently trading on the SDEX. Fees for trading are less than one cent, and average time is also under 5 seconds. Tokens are viewable by trade volume at SDexExplorer.com or StellarExpert. Did you know you can use Stellar/Moneygram to cash out USDC (Without a bank account, using only an ID, up to $10k per month) at ANY Wallmart or CVS Moneygram location- NO FEES!  Use an XLM wallet like Vibrant or Lobstr.co, AND XLM wallet XBull has Amazon gift cards for $1 I feel like this info is also significant; 350 million people in Africa don't have access to bank accounts, and only 20% of families have formal bank accounts. Fonbnk provides a real-world solution to this problem by turning 8 billion active prepaid SIM cards globally into virtual debit cards with Stellar. And without further adeiu... Let's say it out loud, let's say it together; Viva la Stellar!  Long live Stellar! https://soundcloud.app.goo.gl/v4Xan