I'm an average person with some tech knowledge, and after facing the challenges of inflation, I ventured into the world of cryptocurrency this past year. I'd like to raise what I see as a significant contradiction. I believe it's quite disconnected for many individuals in this community to advocate for self-custody and crypto adoption while simultaneously expecting the average person to tolerate exorbitant gas fees.
When I mention "high gas fees," I'm referring to fees that surpass the current charges imposed by Visa and Mastercard. After all, decentralized finance (DeFi) aims to compete in this space. Is it reasonable to anticipate that individuals investing thousands of dollars should be content with paying tens of dollars in gas fees for each transaction, especially during what we consider "busy" periods?
What do you think would be a solution to this not everyone would be able to keep up with this especially in everyday transactions?
Despite the fees being the same for everyone the amount you are sending will determine if the fee is cheap or not, if you just want to send a few dollars worth of ETH then without a doubt the fees are very high, but if you are sending hundreds or even thousands of dollars this is not the case anymore, now if your case is the former then you need to look for ways to save money on the fees, like sending your coins when the congestion is low or consolidate your inputs.