They need to do something like this on Hive.
Look at this:
Investors have spent roughly 200 ETH or $866,918 on gas fees in making donations to the DAO, according to Dune Analytics
That is why we need to do something differently. Hive offers a solution to this in terms of the gas fees. We truly need to set something up where this can be done rather easily. Still need infrastructure.
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Yea I don't think the high fees scale with the crowdfunding approach. It's one reasons why I avoid ETH.
Posted Using LeoFinance Beta
One of the problem of ETH is that the fees are so huge that You need to move a lot of money if you want the fees to be lower than 20% of you total transaction.
Fees are not always bad, but that huge is a problem, it let everyone with less that hundreds of $ out of the thing
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The problem is that ETH is also big money. Those who are still using it also think that the gas fees are high but they are making way more profits compared to the amount they spend on fees. Otherwise they wouldn't do that transaction.
Posted Using LeoFinance Beta