Quote from: MCDev on Today at 06:27:53 PM

Quote from: avikz on March 17, 2021, 04:41:24 PM

Quote from: NatureMoves on March 17, 2021, 03:59:06 PM

I found a video of Mark Cuban explaining this: https://youtu.be/QEoBeIdwuRg

Do you think Ethereum has potential to become store of value? Why or why not?

If I leave all other aspects, considering the insane network fees, ETH is really becoming an investment asset (or store of value) rather than a currency. If it doesn't get resolved, ETH will have Similar fate as of bitcoin because bitcoin is now considered more as an investment rather than a currency.

Hopefully Vitalik will fast track the ETH 2.0 to resolve this matter shortly. Because people who transct regularly using ETH, will move to a different coin just to save this exorbitant fees!

There are many promises to solve the ETH transaction fee issue but for now ETH's transaction fees are still insanely high.
I have discontinued transactions from my wallet and am trying to switch to a different, cheaper platform.

I have a question: How can Ethereum become a store of value when we need Ethereum for making on-chain transactions? It's not just Ethereum, there are so many tokens on Ethereum...

MCDev I am going crazy whenever I need to do something with Ethereum or some tokens on Ethereum. I am using different, cheaper platforms, Tron and Binance, and both are faster and cheaper, to not mention a lot easier to use! If Ethereum developers don't do something about these crazy fees, I think there's no future for Ethereum. I don't know how they got here where they are, but I guess a lot of money got into DeFi and people are using it as long as they can harvest crazy high profit!