You lot don't really appreciate the value of feeless transaction. As an airdrop hunter I was averaging 20+ dollars monthly to transacts and move assets around the Ethereum network. Banks don't charge that much in most part of the world. How do you expect chains that charge so much to onboard billions of people from second and third world countries that need this technology the most? Or is crypto and blockchain only for the rich?
Unfortunately, the majority don't care as long as they are making the bank from the transactions. It's just so crazy why aren't taking crypto for what it should be.
Hive is not really feeless though... Somebody has to pay the block producers to produce blocks no matter what, in Hive's case the payment comes from supply inflation, so everyone is hidden taxed to pay for the transactions u and me included
I stand to be corrected but isn't ETH inflation and gas fees distributed to block producers?
Most blockchains are inflationary. However, unlike other blockchains Hive doesn't charge transaction fees. That's a big difference.
It's more complex than that, basically ETH's inflation and gas fees are distributed to the block producers, but a portion is burned through EIP1559, and for some time now ETH has actually been deflationary
But I was just referring to Hive, in Hive's case ppl like to say they don't pay for tx, but there is a hidden inflation tax that makes everyone pay for the tx
Nothing against, it's just design choices 🤷♂️ and kinda socialist tbh 😅
Yes, the high fees will push the upcoming new wave of users to alternative chains, or L2s