(IJCH) "Fees are killing my enthusiasm for ETH and ERC20 tokens"

in PowerHouseCreatives3 months ago

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Article Snippet: "A simple withdrawal from the ionomy exchange - recommended by many Hivers - of $11.22 costs $10.42 in fees!"

^image by cryotoinfonews

IJCH - Inside JaiChai's Head
(Meaning: My Warped, Personal Opinions and Musings)


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From the Author:


I am JaiChai.

And if I haven't had the pleasure of meeting you before, I'm delighted to make your acquaintance now.


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I invite you to interact with everyone, learn and have as much fun as possible!

For my returning online friends, "It's always great to see you again!"

"Fees are killing my enthusiasm for ETH and ERC20 tokens"

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This is freakin'' ridiculous!

A simple withdrawal from the ionomy exchange - recommended by many Hivers - of $11.22 costs $10.42 in fees!


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Using Blocktrades is no better at $10.40 - albeit a flat fee for all amounts.


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At least Blocktrades receives HIVE directly from your online HIVE wallet, converts it to your choice of crypto, then deposits into a personal wallet address of your choice.


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Right now, I opt to use Blocktrades because of the added convenience of its conversion and transfer services.

But what I really want is an alternative to this ridiculous ETH and ERC20 paradigm.

Contrary to popular belief, fully capable ETH 2.0 IS NOT "right around the corner".

As soon as I find a viable platform that doesn't cost >65% of my principal simply to move my own cryptos from place to place, I'm performing an expedited, phased migration.

By JaiChai

"Really Appreciate You Stopping By. Truly hope to see you again!"

And if you liked my post, kindly Upvote, Comment and Follow.


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About the Author:


Believing that school was too boring, he dropped out of High School early; only to earn an AA, BS and MBA in less than 4 years much later in life – while working full-time as a Navy/Marine Corps Medic.

In spite of a fear of heights and deep water, he performed high altitude, free-fall parachute jumps and hazardous diving ops in deep, open ocean water.


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After 24 years of active duty, he retired in Asia.

Since then, he's been a full-time, single papa and actively pursuing his varied passions (Writing, Disruptive Technology, Computer Science and Cryptocurrency - plus more hobbies too boring or bizarre for most folk).

He lives on an island paradise with his girlfriend, teenage daughter and two dogs.


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(JaiChai 2-5- 2021. Simultaneous multi-site submissions posted. All rights reserved.)