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RE: A Game Of Accumulation

in HODL4 years ago (edited)

The transaction fee of Bitcoin or ETH is really not something I enjoy or like. I hope to see other crytocurrencies that can overtake them to lead the market or not control by their rise and fall. The market prices still depend on Bitcoin and ETH so far after all these years. Free transactions like Hive for all the Defi, it would be so much cost effective.

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I understand I agree it's expensive and impractical for micro trades its just I get the logic behind it, going to zero means no incentive to protect the network, security trumps all and that comes at a price.

Anything else is by definition less secure, cheaper doesn't always mean better, it means trade-offs. Will ETH and BTC become cheaper to use with time? Yes, but there is a limit because they need to strike a balance between incentives and security and support for decentralising the network.

I think wrapped layer 2 solutions will be what we use in future where we settle on side chains instead of on-chain. For now, we stuck with the growing pains