HOW YOU LIKE ME NOW?
It may be out of touch when you wrap your head
around the concept of fees on #ethereum. Every move you
make you are obligated to pay your due. When you use
exchanges, you may not see the fees right in front of you
but they exist loud and clear.
Without fees, there is no surviving and many systems will
collapse.
It is nothing new to see the fees over #uniswap. I did my first interactions
again with #wleo and fees were right there to greet me.
Do not forget this is how the system works. You have to pay in order
to use it. This is life, it is normal.
You may not see this clearly in #Hive but it exist in resources credit.
Who knows one day it could be put to great use and everybody will be happier.
Now the good part of the fees on #uniswap is there for a reason.
It is a quasi-decentralized platform where you go to mind your business.
You can use it to swap eligible tokens (erc-20) to #ether, etc...
Just as #wleo.
It is a great portal to go in and out with your preferred tokens.
Another great use case is, be a provider of liquidity.
This is an open door transaction where you see the fees
are put in good use. Bringing value takes patience and at the end everybody
wins.
If I get it right you get three pieces of the cake.
- you get a piece of #uniswap
- you get a piece of fees from #wleo through LP
- you get a piece for providing liquidity through wleo geyser
It is a moment of truth to be part of the same system
that always take fees from you. In the long run we are all learning
how fast crypto is making sure the world is free of one size fits all.
Apart from using metamask, it is a good fit since it is part of #leofinance
way of accessing your wleo, you have other choice as well if you know what to do.
Glad to see opportunity arises from all ports. #Leofinance deserves
all the praises for bringing ways to understand the power of the blockchain.
Social media is a big pillar. Swapping and exchanging tokens are the backbone
of any blockchain. It is a survival mindset to stay relevant. Team leofinance hats down.
Having #wleo is a determination for this structure to bring more
to this community and enforce the power of us all.
I start to like fees as long I am part of the dark side.
Have you managed to bring more power to this union once again?
I am about to do it.
Be safe and stay safe while stacking satoshis.
Posted Using LeoFinance Beta
What can wed do other to make so with these extravagant fees? Absolutely nothing anyway like you said these fees are somehow present in the usage of resource credit on hive but then it's hardly evident when you have hive power. However it is, we're growing and evolving and who knows, these fees might turn out to be nonexistent in the distant future
Posted Using LeoFinance Beta
Fees will always exist
for the sake of the chain.
They avoid widespread spam
and give everyone around
a reason to interact with
the chain.
Wish it was lower sometimes.
Posted Using LeoFinance Beta
Yeah, imagine if it was lower, or even maintained a steady range so we can always be aware of the cost and not overwhelmed by it.
Posted Using LeoFinance Beta
No fees are my favorite part of the Hive environment. I was all into Eth but for me trying to move the bits and pieces of crypto I was getting Eth just ate my lunch. I'm still big on the long term for Eth but those fees are too high for small purchases or actions. I'm a bit confused by the "fees at the exchanges". I know I pay a fee to move money in and to move money out, but it seems like while I'm trading on the exchange the fees are minimal (I think I'm paying 0.1% per trade at Probit.
Posted Using LeoFinance Beta
There are fees on hive
but you do not see it as
flagrant as other chains.
As long you have hive power
you are safe to an extent.
Posted Using LeoFinance Beta