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/biz/ - Business & Finance

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29331788 No.29331788 [Reply] [Original]

>Can someone explain this to me like I'm a 5 year old?
I don't have enough to justify buying $50 worth of a DeFI coin and paying $100 in gas, I'm not entirely sure how the gas prices work which makes me gunshy of even attempting.

>> No.29331861

>>29331788
it takes gas to start a car and a lot more gas to start a rocket

>> No.29331930

>>29331788
poorfags are basically relegated to participating from behind the railings on centralized exchanges at the moment, where you don't really own your crypto and its all just held in a single exchange fund and delegated to their customers via front end only.

>> No.29331939
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29331939

>>29331861

>> No.29332054

>>29331788
There's other stuff you can use that doesn't have eth gas prices. Binance Smart Chain is trendy af right now, avalanche launched not too long ago, and there's some L2 eth systems (like xDai, Matic, etc) that are rapidly expanding.

>> No.29332322

>>29331788
Gas is like $5 right now per transfer. Not sure why everyone is upset about gas. Executing contracts is probably more though