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Showing 20 of 63 results by Suyeah
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Board Altcoin Discussion
Re: [Talk with Vitalik] Does ETH need transaction fee?
by
Suyeah
on 28/12/2018, 14:55:41 UTC
Did you publish this interview somewhere? Personally, I like the Ethereum model, but maybe that's just because it's what I'm used to and I don't send THAT MANY transactions to want to pay a big upfront cost.

Yes I also published that on Medium, here is the link

https://medium.com/blockark-conversation-talk-to-vitalik-from/blockark-conversation-talk-to-vitalik-from-ethereum-to-yahoo-a250e7d31f6b
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Topic
Board Altcoin Discussion
Re: [Take with Vitalik] Does ETH need transaction fee?
by
Suyeah
on 28/12/2018, 14:53:03 UTC
I think ETH and EOS will both exist and there are two different groups of people using it. And of course ETH will have more value of storage and EOS will be used for more applications and high-frequency transactions.
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Topic
Board Altcoin Discussion
Re: [Talk with Vitalik] Does ETH need transaction fee?
by
Suyeah
on 28/12/2018, 14:42:03 UTC
I’m not sure why anyone would lay or make a complaint as regard transactions fees on etherum
It is very cheap
It is very fast
It is very easy to set up gwei too

Why ask such questions ?
Just focus your energy on other vibes of crypto currency

Are you joking, it is not cheap to run transaction on Ethereum, most people do not get this, when you are running dapps constantly on the chain and you look at the accumulated transaction fee then you will understand what I am say, and for the speed, it is faster than Bitcoin but the still very slow and there is a reason Ethereum developers are looking for scaling solution

I totally agree with you, because I am playing many Dapps now, and now EOS has much more active users than ETH.
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Topic
Board Marketplace
Re: ECONOMIC ANALYSIS/RESEARCH POLL: How many ICOs have you participated?
by
Suyeah
on 28/12/2018, 14:38:23 UTC
Yes it is for a research report provided to universities, VC and exchange. Cheesy

Thanks all your feedback and good luck on your ICO investment in the future.
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Topic
Board Economics
ECONOMIC ANALYSIS/RESEARCH POLL: How many ICOs have you participated?
by
Suyeah
on 27/12/2018, 03:07:10 UTC
Hello,

as part of an ongoing academic research, I have created a public survey to see how many percentage of members in the crypto-community have participated in ICO. I kindly ask you to vote on the poll in order to assist me in this research.

And I would love to hear more about your story with ICO! Please share by leaving comment!

I would randomly choose one and give out $20 worth of bitcoin if there are 50+ comments.

https://bitcointalk.org/index.php?topic=5089943.new#new

Thank you very much in advance and have a wonderful day!   Grin

Suyeah
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Topic
Board Marketplace
ECONOMIC ANALYSIS/RESEARCH POLL: How many ICOs have you participated?
by
Suyeah
on 27/12/2018, 03:04:23 UTC
Hello,

as part of an ongoing academic research, I have created a public survey to see how many percentage of members in the crypto-community have participated in ICO. I kindly ask you to vote on the poll in order to assist me in this research.

And I would love to hear more about your story with ICO! Please share by leaving comment! I would randomly choose one and give out $20 worth of bitcoin if there are 50+ comments.

Thank you very much in advance and have a wonderful day!  Cheesy


Post
Topic
Board Altcoin Discussion
Re: [Talk with Vitalik] Does ETH need transaction fee?
by
Suyeah
on 27/12/2018, 02:47:34 UTC
Have anyone encountered problem when paying gas fee?
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Topic
Board Altcoin Discussion
Re: [Take with Vitalik] Does ETH need transaction fee?
by
Suyeah
on 27/12/2018, 02:45:33 UTC
and when we ask when next bull, I think the key is to bring in more users to blockchain.
Post
Topic
Board Altcoin Discussion
Re: [Talk with Vitalik] Does ETH need transaction fee?
by
Suyeah
on 27/12/2018, 02:44:09 UTC
When we talking about when Bull, I think bringing more users in is the key.
Post
Topic
Board Altcoin Discussion
Re: [Take with Vitalik] Does ETH need transaction fee?
by
Suyeah
on 26/12/2018, 16:42:17 UTC
My point is that : The core problem is not if the transaction cost is big or small, it's about bringing blockchain into mainstream.

For example, you gave your grandma a game account to play a game on Ethereum, and every actions need to use smart contract.

But she doesn't have ETH because she know nothing about blockchain, so she can never play the game unless she learns how to buy ETH on exchange, how to use wallet etc.


But with an account which dosen't require transaction, she can use DAPP without any knowledge about blockchain.
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Topic
Board Altcoin Discussion
Re: [Talk with Vitalik] Does ETH need transaction fee?
by
Suyeah
on 26/12/2018, 08:14:21 UTC
The core problem is not if the transaction big or small, it's about bringing blockchain into mainstream.

For example, you gave your grandpa a game account to play a game on Ethereum, and every actions need to use smart contract.

But she doesn't have ETH because she know nothing about blockchain, so she can never play the game unless she learns how to buy ETH on exchange, how to use wallet etc.


But with an account which dosen't require transaction, she can use DAPP without any knowledge about blockchain.
Post
Topic
Board Altcoin Discussion
Re: [Talk with Vitalik] Does ETH need transaction fee?
by
Suyeah
on 26/12/2018, 06:41:05 UTC
Well, I am with Vitalik that Ethereum uses cost for allocating the limited resources. But that actually caused barrier for many Dapps, say whenever I am playing a game, I need to pay money everytime I take an action. People will never want it.
Post
Topic
Board Altcoin Discussion
[Talk with Vitalik] Does ETH need transaction fee?
by
Suyeah
on 26/12/2018, 04:25:12 UTC
I always think it's unreasonable to have high transaction fee per transactions, and is researching about EOS's model: Account Registration fee + 0 transaction fee. I recently met Vitalik in a conference at HK, and tried to ask him about his POV.


Me: When we want to make large number of transactions, it is almost free of charge. For example, if I make transaction with 1000 RMB on Alipay, nothing will be charged. But on Ethereum network, we need to pay gas for each transaction and contract execution

Vitalik Buterin: Yes, you are right. And this is why we think scalability is quite important. No matter we take shading or off-chain technology to improve the scalability, it will reduce the gas to some point when the transaction fee is low enough.

Me: However, there will be some cost?

Vitalik Buterin:If the transaction fee is as low as 0.00043 USD, does anybody care?

Me:Regarding to this question, EOS takes the mode of “deposit membership fee”, how do you think about it?

Vitalik Buterin: I have to criticize EOS about this! It will actually cause large number of nasty problems if you only need to deposit money at the very beginning, but don’t pay for any transaction later.

Me:What kind of problem? Can you make an example?

Vitalik Buterin:First of all, you actually pay even with the mode of “deposit membership fee”. Before i saw the statistics, if you compare Ethereum with EOS, the result is that you need to pay 15,000 USD on Ethereum, but 100,000 USD membership fee on EOS, which is much higher.

Secondly, users don’t know how many transactions they will make in the future. For example, it is impossible to know you will make 3 or 30 transactions per month. On Ethereum network, users pay gas when they make transaction, which is under their control. But for EOS, people need to pay “membership fee”, and also can’t pay with the frequency as they like.Don’t you think this is kind of taxation?

Thirdly, because blockchain resources are limited, if we choose to bid for that, undoubtedly it will be the best distribution method.




Frankly I like EOS's model more, what is your point of views towards ETH transaction fee?
Post
Topic
Board Altcoin Discussion
Re: Best competitors to Ethereum?
by
Suyeah
on 26/12/2018, 04:20:02 UTC
EOS of course.

EOS is much better in many ways: 0 transaction fee, scalable, fast.
Post
Topic
Board Altcoin Discussion
[Talk with Vitalik] Does ETH need transaction fee?
by
Suyeah
on 26/12/2018, 04:18:53 UTC
I always think it's unreasonable to have high transaction fee per transactions, and is researching about EOS's model: Account Registration fee + 0 transaction fee. I recently met Vitalik in a conference at HK, and tried to ask him about his POV.


Me: When we want to make large number of transactions, it is almost free of charge. For example, if I make transaction with 1000 RMB on Alipay, nothing will be charged. But on Ethereum network, we need to pay gas for each transaction and contract execution

Vitalik Buterin: Yes, you are right. And this is why we think scalability is quite important. No matter we take shading or off-chain technology to improve the scalability, it will reduce the gas to some point when the transaction fee is low enough.

Me: However, there will be some cost?

Vitalik Buterin:If the transaction fee is as low as 0.00043 USD, does anybody care?

Me:Regarding to this question, EOS takes the mode of “deposit membership fee”, how do you think about it?

Vitalik Buterin:
I have to criticize EOS about this! It will actually cause large number of nasty problems if you only need to deposit money at the very beginning, but don’t pay for any transaction later.

Me:What kind of problem? Can you make an example?

Vitalik Buterin:First of all, you actually pay even with the mode of “deposit membership fee”. Before i saw the statistics, if you compare Ethereum with EOS, the result is that you need to pay 15,000 USD on Ethereum, but 100,000 USD membership fee on EOS, which is much higher.

Secondly, users don’t know how many transactions they will make in the future. For example, it is impossible to know you will make 3 or 30 transactions per month. On Ethereum network, users pay gas when they make transaction, which is under their control. But for EOS, people need to pay “membership fee”, and also can’t pay with the frequency as they like.Don’t you think this is kind of taxation?

Thirdly, because blockchain resources are limited, if we choose to bid for that, undoubtedly it will be the best distribution method.




Frankly I like EOS's model more, what is your point of views towards ETH transaction fee?
Post
Topic
Board Altcoin Discussion
[Take with Vitalik] Does ETH need transaction fee?
by
Suyeah
on 26/12/2018, 04:17:42 UTC
I always think it's unreasonable to have high transaction fee per transactions, and is researching about EOS's model: Account Registration fee + 0 transaction fee. I recently met Vitalik in a conference at HK, and tried to ask him about his POV.


Me: When we want to make large number of transactions, it is almost free of charge. For example, if I make transaction with 1000 RMB on Alipay, nothing will be charged. But on Ethereum network, we need to pay gas for each transaction and contract execution

Vitalik Buterin: Yes, you are right. And this is why we think scalability is quite important. No matter we take shading or off-chain technology to improve the scalability, it will reduce the gas to some point when the transaction fee is low enough.

Me: However, there will be some cost?

Vitalik Buterin:If the transaction fee is as low as 0.00043 USD, does anybody care?

Me:Regarding to this question, EOS takes the mode of “deposit membership fee”, how do you think about it?

Vitalik Buterin:
I have to criticize EOS about this! It will actually cause large number of nasty problems if you only need to deposit money at the very beginning, but don’t pay for any transaction later.

Me:What kind of problem? Can you make an example?

Vitalik Buterin:First of all, you actually pay even with the mode of “deposit membership fee”. Before i saw the statistics, if you compare Ethereum with EOS, the result is that you need to pay 15,000 USD on Ethereum, but 100,000 USD membership fee on EOS, which is much higher.

Secondly, users don’t know how many transactions they will make in the future. For example, it is impossible to know you will make 3 or 30 transactions per month. On Ethereum network, users pay gas when they make transaction, which is under their control. But for EOS, people need to pay “membership fee”, and also can’t pay with the frequency as they like.Don’t you think this is kind of taxation?

Thirdly, because blockchain resources are limited, if we choose to bid for that, undoubtedly it will be the best distribution method.




Frankly I like EOS's model more, what is your point of views towards ETH transaction fee?
Post
Topic
Board Bitcoin Discussion
Re: Which one do you choose?
by
Suyeah
on 08/12/2018, 14:22:27 UTC
I used to buy a cup of beer for 4 dollars, but paid 5 dollars for transaction fee.

Never want to use Bitcoin for real use cases anymore!
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Topic
Board Marketplace
Re: Bad "good" news.
by
Suyeah
on 08/12/2018, 14:07:37 UTC
I think the only essential point is: Are there new blood coming to the market?

If the news isn't contributing to this, it won't influence the fact of bear market and decline.
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Topic
Board Speculation
Re: I'm hoping to see coin prices decline A LOT in the next couple months.
by
Suyeah
on 08/12/2018, 14:02:22 UTC
The same as you haha. Each decline creates a great chance for buying more
Post
Topic
Board Speculation
Re: Whales and their influence
by
Suyeah
on 08/12/2018, 13:50:01 UTC
There are holder whales and non-holder whales. I knew a whale who owns tens of thousands of BTC, but a non-holder, she sold all the BTC around $14000. And I believe there are many of those non-holder whale and caused bad for the market.