The Hacker News community has long been anti-crypto, and as someone deeply involved in the space, these long threads of complaints and diatribes are difficult to handle. Everyone is missing so much context.
Ethereum gas prices are astronomical because there's unprecedented demand to use the network: NFT art and collectibles are exploding (NBA TopShot, Foundation, SuperRare, Rarible, OpenSea, etc.) at the same time DeFi applications (Uniswap, Compound, Maker, Aave, Balancer, etc.) are at all time highs.
This is the time, in my mind, that it's most exciting to work in crypto, and on Ethereum: demand has been proven and has been sustained (every block full for 1+ year).
The naysayers who think this is all for a quick buck are missing the pattern and listening too much to the (admittedly, insanely loud and annoying) shills.
Ethereum gas prices are astronomical because there's unprecedented demand to use the network: NFT art and collectibles are exploding (NBA TopShot, Foundation, SuperRare, Rarible, OpenSea, etc.) at the same time DeFi applications (Uniswap, Compound, Maker, Aave, Balancer, etc.) are at all time highs.
This is the time, in my mind, that it's most exciting to work in crypto, and on Ethereum: demand has been proven and has been sustained (every block full for 1+ year).
The naysayers who think this is all for a quick buck are missing the pattern and listening too much to the (admittedly, insanely loud and annoying) shills.