Use Hive, because friends don't let friends pay gas fees.
This is the day I did some cleaning up of my Metamask account.
To cut the story short, I have a couple of hundred USD worth of tokens on the Ethereum network, including something on its Layer 2.
Since I wanted to tidy up my funds situation there, I had to unstake some old liquidity pools and send some tokens to BSC. It was frustrating to say the least. I lost track of the number of times I had to pay gas fees of about USD 10 each to complete the various transactions. I didn't bother to complete some of the transactions because the fees would cost more than the value of the tokens.
This is also when I appreciate Hive, with its feeless transaction system.
How did I get myself into this detour to the Ethereum ecosystem before coming to Hive?
I guess it was the days when Eth gas fees were cheaper and I was keen to try things. Being able to transact on Defi seems cool. Then.
My biggest regret in this episode was to transfer some substantial amount of tokens to the network and then see their value drop and yet be crippled by the increased gas fees. It was not easy to make any trade to salvage anything with that kind of expensive gas fees.
I stopped teaching my friends how to use metamask, not even to transact in the BSC chain. My Cubs staked on CubFiance also went to an inconsequential amount, by the way. Things are just more complicated.
Instead, I am now getting almost all of my Defi fix through Hive. Liquidity pool, staking, whatever.
Since my friends and I are all commoners, I also ask my friends to use Hive, because friends don't let friends pay gas fees that only the rich can afford. Hive is way simpler and we don't have to worry about gas fees.
I do have a question though... Would the RCs needed for transacting on Hive becomes so expensive someday that it precludes the commoners from using it, say if Hive ever hits some crazy price?
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
You might be interested in this post, @graciousvic, @deflacion, @jacoalberts, @young-kedar, @svanbo, @sumotori, @zakludick, @poplar-22 and @hankanon!
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