The Internet of Money should not cost 5 cents per transaction. -Vitalik Buterin by joetunex

View this thread on: hive.blog | peakd.com | ecency.com

hive-126009 · @joetunex · Aug 12 '20

$6.14

The Internet of Money should not cost 5 cents per transaction. -Vitalik Buterin

https://youtu.be/unMnAVAGIp0
[Source ](https://www.youtube.com/watch?v=unMnAVAGIp0)

With the explosion of DeFi and Ethereum being the host I can't help but notice the the cost of transaction on the Ethereum blockchain. 

Interestingly in 2017 the words of Vitalik Buterin when high fees was being paid on the Bitcoin network was; 

> The Internet of Money should not cost 5 cents per transaction.

This is not a jibe at Vitalik but more of a comparison of transaction fees with Hive is is zero against what Ethereum users are paying for now. 

![image.png](https://files.peakd.com/file/peakd-hive/joetunex/VAh3y5Me-image.png)
[Source ](https://cdn.pixabay.com/photo/2018/05/23/18/53/cryptocurrency-3424786__340.jpg)

I have seen posts about why isn't Hive isn't partaking in the DeFi which though it is something that have been happening within Hive before DeFi even came about. 
I will personally love to see Hive partake in DeFi externally and get all the popularity but if it isn't happening now and not following the rend so be it. 

![IMG20200608WA0014.jpg](https://files.peakd.com/file/peakd-hive/joetunex/Sw76WOZN-IMG-20200608-WA0014.jpg)


For some reason I believe Hive won't remain a hidden gem for ever, it won't remain that undervalued token for ever. It's time will come probably through other trend and when it does come I want to be holding bags of Hive than what I am currently holding.

For now lets enjoy all the hype with around cryptocurrency in general, it does gives this space some publicity at least. 

Cheers  

![hive wallpaper04.png](https://files.peakd.com/file/peakd-hive/joetunex/I2PDRwG2-hive20wallpaper-04.png)
***We owe it to ourselves to make Hive great***

👍 hodlcommunity, kingscrown, newhope, spectrumecons, vlemon, hivehustlers, boatymcboatface, captainhive, chesatochi, mistakili, jskitty, theshell, justyy, cacalillos, digital.mine, payroll, unbanned, smartvote, pele23, mytechtrail, josediccus, gradeon, jlufer, rynow, hivelist, cryptofiloz, chekohler, thepeakstudio, vegoutt-travel, rihc94, hodl-fund, yuurinbee-znz, wolven-znz, lemon-shot, dknkyz, enison1, paragism, igrinov, maddogmike, elbrava, zinzanmusic, russellstockley, mynima, gastontrussi, pixiepost, f0x-society, korver, djsl82, ericburgoyne, lauriki, improbableliason, mcoinz79, papadimos, elianaicgomes, cryptolemon2, deflacion, moneybaby, hivexperiment, dotnb, superbing, erectus, laissez-faire, tips.tracker, haxxdump, and 6 others

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angelinafx	0	3.4%
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digital.mine	113,968,360,863	4.2%
moneybaby	770,935,266	2.5%
smartvote	75,946,429,870	3.4%
pixiepost	2,654,072,975	12.5%
laissez-faire	36,247,585	100%
limka	0	3%
dknkyz	5,696,143,936	30%
cryptofiloz	26,633,938,308	12.5%
haxxdump	20,484,425	10%
erectus	376,542,507	70%
mindtrap-leo	0	0.7%
vxc.leo	0	1.4%
maddogmike	4,400,266,181	25%
elianaicgomes	1,240,994,026	12.5%
korver	2,050,272,949	50%
deflacion	995,320,740	9.9%
tonimontana.leo	0	0.71%
tonimontana.neo	0	0.43%
enison1	5,546,188,105	100%
wolven-znz	9,608,401,024	17%
thepeakstudio	14,999,538,519	25%
jskitty	172,391,562,560	100%
yuurinbee-znz	10,778,853,110	17%
captainhive	444,712,937,186	25%
mynima	2,896,097,392	80%
f0x-society	2,309,609,547	50%
cryptolemon2	1,109,674,940	100%
hivexperiment	732,397,989	100%
tips.tracker	28,021,830	1%
hodlcommunity	3,442,241,434,803	100%
hodl-fund	10,962,501,433	100%
gradeon	43,164,453,330	100%
hivelist	28,471,408,050	18%
unbanned	92,394,996,505	4.2%
rihc94	11,727,173,705	25%
gastontrussi	2,842,089,883	25%
djsl82	1,671,484,864	12.5%
hivehustlers	624,398,879,851	50%
improbableliason	1,499,262,734	25%
dotnb	723,527,285	50%
zinzanmusic	3,472,551,618	100%

@chesatochi · Aug 13 '20

I paid a few transactions at $5 in fees recently on Ethereum!

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@joetunex · Aug 13 '20

That's ridiculous I'm sounding like Vitalik now 😀

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@dolphin-assemble · Aug 12 '20

There is definitely potential in Hive!

!tip

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@joetunex · Aug 12 '20

I strongly feel the potential, it is just a matter of time.

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@jlufer · Aug 12 '20

hello dear friend @joetunex good night
Excellent information, I appreciate it very much, without a doubt, hive will be very visible very soon and we will be in the place that corresponds to us
have a beautiful night and a happy rest

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@joetunex · Aug 12 '20

Absolutely, lets be hopeful about Hive being a success. 
Cheers

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@mistakili · Aug 13 '20

The hive coin looks nice there,....I'm smiling at it. 

We want hive defi!!!!!

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@joetunex · Aug 13 '20

Lol I think I got it from one of your posts.

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@mobi72 · Aug 12 '20

Interesting facts and figures and comparison as well. It might take a little longer but I am sure HIVE is going to reach that point eventually.

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@joetunex · Aug 12 '20

I am in agreement with you, let's be patient and and keep building our stake as much as we can as we await the bull days of Hive ahead.

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@tipu · Aug 12 '20

<p><strong>&#127873; Hi @joetunex! You have received 0.1 HIVE tip from @dolphin-assemble!</strong></p><p><a href="https://peakd.com/steemit/@tipu/tipu-tips-guide" rel="noopener">Sending tips with @tipU - how to guide.</a></p>

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@joetunex · Aug 12 '20

Many thanks for the tip @dolphin-assemble 🙂

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