So I guess there are quite a few people bullish on ETH but I am not so bullish on it given the fees. I do understand that there are many building ontop of it or its derivatives.
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I reduced my investment in ETH but I still believe in its long-term potential.
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One day, I know it won't be now, much less after a few years, but one day HIVE will overcome ETH 😎
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Hive certainly has advantage over ETH . Take fees or speed or anything but we need mass adoption of Hive like ETH to overcome it .
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Yes it is true, our challenge will be mass adoption. I believe that with the launch of HSC it could be a great way to do that.
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Projectblank helps us more for mass adoption than HSC is what I believe . But at the same time it poses big problems too like spamming .
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Spam will be a problem, but this is normal for any similar project. But it can be resolved and Leo team will certainly do its best.
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I agree , we shouldn't be looking to ban them or anything since we boast ourself as censorship resistant non-bannable platform but we should have a mute or block feature . You don't like a person's post ? BLock them . That's the worst you can do .
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Amen! I hope you are right! It would be insane!
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If that is the case, then each HIVE will be worth a fortune because that will put it as the number 2 token out there.
I hope you are right.
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Amen!
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Same deal with me . I still think it won't be overtaken by similar cryptos in long run but I have converted most of my ETH to other tokens .
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Separated a little for CUB? 😉
I remember the time when I saw ETH worth only $1 in front of my eyes without being able to do anything .... I was right at the beginning of my trader journey and what else I was doing was playing around buying Doge and Xrp .... Result , today I don't have any of that lol
That is why nowadays I try to do everything to not miss some opportunities as they can be crucial to change your life for the better.
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Oh yes , I have invested some in CUB apart from the airdrop .
I have learnt it the hard way too , that is why I don't sell much , I just buy more and more and hold crypto no matter which it is .
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Each token is alike a lottery ticket. There are many going to jump in price.
Perhaps some of what they are holding.
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The luck factor at these times is important. But we are very used to volatility.
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I set aside some LEO to buy CUB but I forgot how to do it... there was a nice post teaching step by step but I can't seem to find it anymore.
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Well you go to - https://wleo.io/bsc
choose Bleo to CUB .
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ooh that was actually very easy! thanks again buddy
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If you have encryption in addition to Hive, you can use your BSC address to send to your MetaMask wallet through Binance.
@amr008 gave you a good guide below. I always save the sites I usually use most often and if you need to use your LEO a lot to switch to bLEO, save at least https://wleo.io/bsc.
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Today its price is dropping, but I am still happy to be able to accumulate more in quantity.
It's our chance to stack more CUB :)
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As long as it is below 4$ I will keep on buying . I am not worried about it's future ( since I know it will moon lol )
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Hahahaha ... I'm also not worried about the future. The important thing is to accumulate as much as you can :)
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We are looking at the ETH of tomorrow today. Could it be CUB or LEO? We will have to watch how things unfold but insane price amounts is not out of the question.
Think what those who were buying ETH at a dollar were thinking back then. Did they envision $2000 ETH?
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It is true Task, I believe that not even the most optimistic imagined ETH to reach $ 2k.
I just know that the future for cryptography will be very interesting and exciting for us. We are privileged to be here following all the progress.
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What parts of ETH are you looking forward the most? I am not in ETH and having looked too much into it so I am just curious.
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The name advantage is going to carry it a long way. This is going to be tough to overcome with the major players. So we are going to see developers jump on their knowing big transaction guys will utilize the apps regardless of the transaction cost.
That is what I think will keep Ethereum flying high until they figure out what they are doing.
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Yea but if its only the name then I personally can't find myself entering. Those fees will just make it so only the big guys can play. Maybe that is the reason why Wall Street and the big guys don't mind stocking up on it.
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That could be the case. I think another part of it is the fact that there is a lot of liquidity with such a high market cap. Smaller tokens make it very difficult for the big boys to play in. This restricts what they can do.
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Nothing too specific but there are a lot of devs building on it now and some projects to reduce latency and stuff like that make me believe that it's got some potential. I only have a small stake in ETH and not going to aggressive now, but I still believe in it.
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It has the most development right now so there is no reason to pull out if you got in early. I just don't think its worth the risk to enter at current prices given the existing issues.
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Yeah, I can see that. I would probably think twice before investing at this point.
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The only thing I tried to do on the ETH platform was to join a game called Gods Unchained. But nevertheless go ahead in this strategy game lol
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I saw Gods Unchained but I didn't enter due to the gas fees. It was one of the possible choices and it seemed like a good game where you can earn slowly.
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Yeah ... I didn't play there because of the Gas fees, even though the game seemed to be very promising.
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I am not sure how games are operating on Ethereum since there is so many high fees.
How can they operate?
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I guess it is an "invest once" game . Once you invest ETH you will be given equivalent tokens which you can use numerous times in the game without fees . So only deposit and withdrawal needs fees .
Note: I am not at all sure about this , just guessing lol.
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Yea, I'm curious about that too... the fees are too damn high
I was trying to mint an NFT the other day just for fun but I gave up once I checked the transaction fee. Don't remember the exact number, but it was enough to get me to give up lol
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Have you done any NFTs on NFTShowroom yet?
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Not yet... from what I heard, you gotta be approved as an artist before you can do it and I don't really have any art to show lol
I was just trying to mess around with NFT stuff. I guess I'll look into it more closely to see if there is some way I could get approved.
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I heard that too but I dont know the process.
So it might be an easy sign up; do they require a sample of the art?
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as taskie has mentioned a couple of times ethereum is a chain for the big money spenders. think about it, defi has been the craze for some time now within the crypto sphere, however, not so many people have been involved due to the high gas fees. it is only until recently I joined in myself and it was via a different chain. i don't think they have any plans to change the current status quo. good luck to them but I think they are missing out on a lot.
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Good job entering the big boys club with the high fees. Do you plan on migrating that over to BSC after the LEO-BRIDGE works out or continue on the ETH network?
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Lol I am certainly not in the big guys club.
Fortunately this has been my entry point into def. And I believe finance smart chain will surpass ethererum soon. The only problem with that is bsc is centralized in a way. That might change as well...
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Yea we need alternatives but it will probably be some time until they actual appear. Centralization and creating the general guidelines tend to come first. Decentralization afterwards is much easier since they can just follow up on the centralized mistakes.
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I will do what I can to operate on BCS (at least until we see if HSC arrives).
However, I am going to keep a bit of Ethereum just in case that does continue to excel. I see no reason for it to slow down in terms of price since many believe in it.
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Oh well, it's not a bad idea--holding some ethereum. At least you don't have to pay a hand and leg to get them on exchanges--centralized exchanges of course. If they sort out the gas fee issues, I believe ethereum will attract more people, including myself.
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I have the Ethereum at a much lower price. I will keep it believing that we will end up seeing $10K ETH with all the big players who will end up using it.
Of course, that means the transaction fees will be meaningless.
A lot of good stuff coming up...hopefully we will see some of it coming out soon.
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Yea I don't think that is a bad idea but for someone who doesn't really have any, I plan on sitting on the sidelines. No point getting in and getting myself burned and especially if it isn't a huge amount of money.
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I am not sure I would by ETH at this point even though I believe there will be much higher levels.
However my tokens are at a lower price so I am heavily in profit. I can let it ride and go for the $10K ETH price range.
As long as the major players are drawn there, it will keep going.
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Yea I plan to just wait things out and maybe play more with HSC when it comes out. I don't exactly play around with crypto trading as much since its mainly HODL. For stocks, I tend to be a little more mindful of their price.
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Yea, that's the approach I'm using too. Not cashing out ETH, just keeping what I have there but focusing mostly on other stuff
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This is where continued development comes in. We need other options.
Ethereum was the first so it carries a lot of weight.
We will see if HSC steps into the mix too.
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Looking forward to HSC. I think that will be a game-changer for the hive community and we will see a lot of value come into the blockchain.
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I am also looking forward to HSC. I wonder if there will be any fees at all or will we see it based on RCs. I honestly would prefer RCs but I understand putting in a small fee. The only problem with the fee is that it would also make the price go up with the number of users. This means we might be in the same situation as ETH or BSC in the long run.
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There will be fees but they will be in Hive.
The block validators will be different from the Hive Witnesses and, without a token for the blockchain, payment will have to be from fees.
It will be a lot less than Ethereum and be much more decentralized than BSC.
That according to @klye at least. We will see what he ends up coming up with.
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We'll be using a Bonded Proof of Stake consensus mechanism that requires users to bond or powerup their HIVE on the Hive Smart Chain to a certain amount to have their account unlocked for staking. They'll also have to run an HSC node as well.
This will allow basically anyone to be a witness, provided they have some stake in HIVE and in HSC. SHould be good. Even though my proposal funding got cut still very much working on it.
I wish you the best of luck while you work on it. I saw quite a few proposals get cut due to the increased funding cutoff being increased. HIVE SQL was also impacted.
I don't know if I want to run a HSC node so I guess I will just be a consumer and not a staker.
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That is perfectly fine if you're not interested in running a node. We'll have all sort of stuff available on the side chain for everyone to do in time. :)
Is this required to just use the blockchain or only for block validators?
Perhaps I am a bit confused.
I think it great that anyone can be involved in the governance/operation of the chain. That is great. But to use it, we need to have some Hive powered up?
If that is the case, another wonderful sink you are creating @klye.
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Only for validators.
users won't need bonded stake to use the chain
Sorry to hear about the proposal. I'm very new to the whole blockchain stuff but if there's any way a regular joe can help, just let me know!
Really excited about this project
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I actually ETH coming has the next generation crypto that everyone would be able to invest in
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I think there are a lot of plans to make Ethereum truly a chain for big money players. This is Wall Street is going to reside. They honestly do not care about a $50 transaction fee since they play in tens of thousands of per transaction volume.
The little guy is shut out but we know the volume from retail is nothing compared to Wall Street.
Of course, with crypto this all can change if we keep growing our bags in a big way.
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Yea I feel like ETH fees are nothing to Wall Street and they wouldn't break an eye if the fees were thousands of bucks. Because the volume they transact is huge. If you have taken a look at the dark pool prints, they are usually transacting in the value of tens of millions of dollars.
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Cuban revealed that he bought in years ago and has a lot of Ethereum.
Hmm, a bit of a misdirection over all those years. It seems the guy was bullish on crypto even when he was playing basher.
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Yea maybe he just wanted to create his core position before revealing it. Plenty of the big investors tend to do that. By doing so, they don't lose anything and their followers can pump the price.
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I am sure he did but it seems like he got into Ethereum 5 years ago.
That is a long time to keep bashing things like he wasn't a crypto guy.
But you are right, if you want to load up, no point in telling the world.
I am sure a lot of corporations that aren't publicly traded are doing the same thing with BTC. Since they dont have to reveal it, they aren't. Why let the world know when you are trying to add.
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Oh yea, I bet on that too
In fact, I was just reading yesterday about a company that has been secretly trading a lot of bitcoin. I'll see if I can find the article
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That would be interesting.
Of course, if it is in an article, then it isnt so secret anymore. LOL
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