Ethereum is a bet that 1) Low fees will continue 2) 4x utility over BTC will continue 3) Team that built “impossible” Turing complete platform will continue 4) 1000s of dapps being written will cause increased demand 5) Gav Wood will stop making stupid smart contract mistakeshttps://twitter.com/mindsfiction/status/962068645844168704 …
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Same confirm time? Looked yesterday and average fee on BTC was multiples higher.
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Paid up to several dollars on Ethereum to get my transaction through after getting txs stuck. MEW gas price estimator seems off. BTC people often over pay as wallet calculators don't work well. This pushes up the metrics. Check menpool. I've been doing 20 cents for first block.
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Guessing that ether wallets overestimate gas as well to prevent bad user experience. Know metamask does a bit.
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MEW sometimes under estimates as you can cancel. Leads to txs sometimes getting stuck but user pays lower fees overall. BTC calculators usually estimate higher than is needed. Ensures tx will go through. RBF should allow for lower estimates. (Crypto fee calculators suck)
End of conversation
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