Quote from: tygeade on Today at 03:51:22 AM

Quote from: o48o on June 08, 2023, 04:34:25 PM

Quote from: Abiky on June 07, 2023, 05:25:53 PM

Quote from: o48o on June 05, 2023, 09:47:01 PM

Exactly. That's the real issue here. But there's nothing we can do about it, especially if we want to encourage openess on the Blockchain. Otherwise, we'd be going back to the era of censorship. Given the fact that most Blockchains have scaling issues, all of these worthless ERC-20, BRC-20, and NFTs will ultimately clog the network with high fees and slow confirmation times. The market will ultimately decide the ideal fee rates for the benefit of all. If we feel fees are too high, then we can simply move to another chain or use an off-chain (L2) scaling solution. Hype doesn't last forever, so I'm hopeful this will be all over soon.

I don't think that hype needs to end, eth just needs to scale more for handling anything people are hyped about. Meanwhile i'll stick to sending eth via L2.

L2 would be fine as long as it is used by other projects, but getting in and out really bothers me, that's still a lot of money that you are spending so it doesn't really work in the end. I had the same thing a project that used ETH but also allowed matic during, and that meant that I would get in once and pay a lot of gas fee, and get out once and pay a lot of gas fee, aside from that I didn't do anything, those were it and nothing more.

In the end, what happened? I ended up with so little profit for using it that the gas fee I spent was nearly the same as my profit of 2 weeks, I spent 2 weeks of my life just for gas fee, it wasn't worth it. So l2 is still quite a long way to go, it can be a good alternative, but it needs to grow bigger.

Despite their potential, L2 solutions aren't a silver bullet, considering migration costs and scanty profits for smaller entities. Ethereum 2.0, promising reduced fees and less traffic, is on the way. Layer 2, though imperfect, is our current bridge to a better system. The big question remains: do we weather the storm or seek an alternative haven?