Get the Monday email →
Loading player…

Chiang Mai Dapps - 14th July 2020 - Contributing Factors on High Gas Prices

Chiang Mai DappsTue, Oct 27, 2020, 12:00 AM

Transcript

so I basically opened the articles tonight the ones open like this was the question I asked and literally this was my job you know to Google this and read it for usually you don't have to write I'm not and the very short answer is there's working too there is a very short answer they can just flat-out if you and it's because pathetic so there's two things happening right now like people from Thursday expect more people to me how that's fine in general is getting these things over eat his face there's all these different contracts that people are trying to do use farming and mining as a rough idea but apparently if you have information you have a team that is smart enough to stay ahead of everyone else then you can make a lot of money and that only lasts for a couple of months and everyone knows that so everyone is frantically feverishly moving around die and other stable point another collateral into these contracts trying to get like mm money in a year or less like really it's very exciting so that is one cost and another one is that since the last crash a lot of people stopped buying Axios and there also didn't have as much reason to have ether and everybody just a lot of people parking Tedder and that's a stable point and now the parent lady tether runs on now so they migrate to they also have the liquid side chain yeah yeah I heard about that too yeah different places including you Darren and now apparently a lot of those people that had their tether as a way to have crypto but not the exposed to will upwards and backwards volatility they are not moving back into speculating on specific things like including those that fight contracts so that that is creating a lot of transaction quality for the etherium those two things together and I even have to list here yeah so there you have two actual about 20 cents for transaction when you're signing a secure message that is not duplicatable to a certain extent in the world so I agree with you and this is just a free market and it sells new stuff that's diable we all miss nothing interesting about that but as some people have smart contracts that do multiple operations and you don't really know how many operations that will be when you start I personally also don't see that as wrong as well apparently that creates a huge incentive for writing smart contracts that have a predictable amount of steps in them you know so I never had an issue of other people's if people say I want something awesome but I don't want to pay for it they said well you know welcome to kindergarten anymore you know capitalism is the reality that if you want something as viable you have to give something back that if for example is sort of about money right so it's not me this is not such a complicated issue but some people have been using the argument that the prices are higher than they used to be as it's all reason for why the theorem should be replaces is something else it goes nerium killers right so it's wrong as an example so it's there's I personally think that everyone deserves a shot at Kennedy theory but it's only not going to happen because anything that is actually side [Music] so you can actually see it I think like two different three different articles plus one leaderboard explains why [Music] you [Music]

Automatic transcript — names and jargon may be misspelled.