Ethereum Gas Fees will be it’s Waterloo

Ethereum Gas Fees will be it’s Waterloo

I’ll probably receive tons of downvotes for saying this:

If the Ethereum Network can’t fix its gas fees, it won’t be used by the the average consumer.

I know thinking this feels unreasonable since most of us use it and stomach the gas fees.

The reason why developers are still developing on the network is because there’s a favorable equilibrium between supply and demand.

This demand is coming from us, early adopters.

But when the 85% enter into the market, the only thing they’ll care about is the usecase; if it improves their lives in some way.

During mass adoption, gas fees won’t improve anything.

Their demand will influence supply to give them something that has extremely high TPS, high security, high autonomy, and many DApps. I forgot to mention, a FREE user experience.

Mainstream consumers are accustomed to a free internet experience. The Ethereum Network is the antithesis to free.

And there’s no guarantee that ETH 2.0 sharding will actually lower gas fees.

That’s why I’m long-term bearish on Ethereum.

submitted by /u/ShopDiesel
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from Ethereum https://www.reddit.com/r/ethereum/comments/qoo2go/ethereum_gas_fees_will_be_its_waterloo/

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