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
I am glad to read that you are still plowing ahead and getting things in order with it.
This is vitally important to Hive although I dont think most realize it.
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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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