Gas prices posts
Gas prices posts
Every day there are multiple posts about ridiculous amount of gas fees to do a simple transfer or swap and it’s always related to not having enough ether to process the transaction and therefore MetaMask showing a wrong gas estimation (Yes, gas prices are high and we need a solution, but even with the current fees no one has to pay 800usd in fees to transfer some ERC20).
Can the mods add it to the FAQs?
We can drive that point home when the friction is gone. Right now many people are “locked” in contracts, and the bridges to L2 are not sufficiently cheap at the moment.
As it stands now, if we say its “not a problem” then it looks like we dismiss it. The community does not dismiss these growing pains, that needs to be clear.
L2 will make cheap fees available for all, but its going to take a while for the transition before it becomes seamless.
Gas is ludicrous lately! Paid $40 to move some eth between wallets. I know nothing about ETH or programming but anyone in the space who claims ETH and the EVM will replace banks has to realize that gas fees will absolutely hold that back. Im sure someone is working on it
There also are people who show specifically high gas prices when trying to use overly complex smart contracts. Swapping or minting NFTs on an L1, notably. I don’t know why people still do this on an L1.
If they had to take a lighter and physically burn their banknotes for the transaction to happen, they’d be much more hesitant, but here they are, burning all their ETH to better complain about it later. We’re really some weird species, frankly.