Quote from: abel1337 on Today at 10:04:23 PM

Quote from: tabas on Today at 08:34:08 PM

Quote from: DaC0nsumeR on Today at 02:03:41 AM

I am not a technologist, let alone a programmer, just an investor and trader.

What do I need to know about Ethereum's high gas fees? I'm hearing some say that this could sink Ethereum. How exagerrated is that?

That's exaggerated. They've said the same thing with bitcoin before. If you're a trader and you mostly transfer from time to time, it will disappoint you to transfer because of the fees.
But if you're just a holder and investor, it's not that much issue because if the value increases, the fee isn't a lot if you've got a lot in hold. But if you're just holding a small amount, it's just the same as the traders concern.

You can feel the fee when transacting on a daily basis especially if your timing is bad when there is network congestion. I think that ETH gas fees won't sink Ethereum but it will hinder some users from using eth and eventually, the small users of Ethereum will decrease knowing that there are new projects that are expected to launch their project on a different blockchain with smart contract support that is more efficient.

Yes, it won't sink Ethereum but it will make most of the holders of it just to keep it rather than use it on a daily basis.
That's why it's no longer economical just as before when we trade for thousands and the fees have been priced in into cents but it's too much in today's time.