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The Ethereum 'Gas limit war' has begun! Vitalik calls for action, while the community fears a crash? 🔥
The Ethereum 'Gas limit war' has begun! Vitalik calls for action, while the community fears a crash? 🔥
"Are gas fees finally going down?"
Recently, the Ethereum community has been in an uproar, as over 52% of validators voted to raise the gas limit, marking the first time since August 2021 that it has surpassed 30 million, rapidly approaching 33 million. However, while some are excited, others are worried—Vitalik has announced the launch of the Pectra fork in March to raise the Blob target from 3 to 6, but some in the community fear that the network will over-expand and explode. Is this upgrade a masterstroke or poison? Let's break it down!
"Are gas fees finally going down?"
Recently, the Ethereum community has been in an uproar, as over 52% of validators voted to raise the gas limit, marking the first time since August 2021 that it has surpassed 30 million, rapidly approaching 33 million. However, while some are excited, others are worried—Vitalik has announced the launch of the Pectra fork in March to raise the Blob target from 3 to 6, but some in the community fear that the network will over-expand and explode. Is this upgrade a masterstroke or poison? Let's break it down!
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Vitalik has decided to bid farewell to the crypto world. Since he has withdrawn, I have no reason to hold on any longer. Looking back at the time I first ventured into this field, my heart was filled with beautiful visions of decentralized finance, dreaming of standing out in this wave of financial revolution and achieving financial freedom.
But reality has hit me like a series of heavy blows, shattering those ideals. The current crypto world is chaotic, with news of projects collapsing coming one after another, and various schemes to exploit investors emerging endlessly, making it hard to guard against. People like Sun, after suffering huge losses, not only fail to reflect but attempt to recover their losses through unscrupulous means, which is truly chilling. Each day, I find myself in a vortex of false information and self-interested calculations, and I am already exhausted both physically and mentally.
Now that I have decided to leave, although it means bidding farewell to past aspirations, I have also completely broken free from the endless shackles of anxiety and risk. Going forward, I plan to return to a simple yet stable life. I will look for a 9-to-5 job and no longer be troubled by the fluctuations of cryptocurrency. Perhaps I will occasionally still feel the urge to keep an eye on the crypto world, but those ups and downs will become irrelevant past events to me. I will rely on my own hands to create my own wealth steadily and no longer bet my fate on these illusory numbers.
#V神搞事 #市场回暖新机遇 #币安Alpha上新
But reality has hit me like a series of heavy blows, shattering those ideals. The current crypto world is chaotic, with news of projects collapsing coming one after another, and various schemes to exploit investors emerging endlessly, making it hard to guard against. People like Sun, after suffering huge losses, not only fail to reflect but attempt to recover their losses through unscrupulous means, which is truly chilling. Each day, I find myself in a vortex of false information and self-interested calculations, and I am already exhausted both physically and mentally.
Now that I have decided to leave, although it means bidding farewell to past aspirations, I have also completely broken free from the endless shackles of anxiety and risk. Going forward, I plan to return to a simple yet stable life. I will look for a 9-to-5 job and no longer be troubled by the fluctuations of cryptocurrency. Perhaps I will occasionally still feel the urge to keep an eye on the crypto world, but those ups and downs will become irrelevant past events to me. I will rely on my own hands to create my own wealth steadily and no longer bet my fate on these illusory numbers.
#V神搞事 #市场回暖新机遇 #币安Alpha上新
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Interpretation of the Current Situation in the Crypto Circle
The current state of the cryptocurrency market is getting murkier. Even Ethereum founder Vitalik Buterin openly complained: "The atmosphere in this circle is too bad, I feel like running away!" In fact, many big names in the industry share the same sentiment — the crypto market has completely changed.
The current situation is a mad frenzy on both ends:
Project teams act like casinos: dozens of new coins pop up every day, 90% of which are worthless tokens. These people set up a website, write a white paper, and start luring newcomers into their schemes via WeChat groups. Just the other day, there was a "Metaverse Dogecoin," which turned out to be a web game created by a college student in just three days. Traders are like gamblers: now, among the new entrants, nine out of ten don't even know what a wallet is. They only ask, "Which coin can double tomorrow?" Leveraging their investments, they end up liquidating and then seek to recover their losses. Recently, a guy even mortgaged his house to buy a worthless coin, and now he’s still waiting on the roof. But there's no need to panic about Ethereum this time: the drop from $3600 to $2100 wasn't primarily due to project issues, but rather a chain reaction caused by leveraged traders getting liquidated. It’s like when someone suddenly shouts, "The city management is here!" and everyone rushes to escape, trampling each other. Looking at history, on March 12, 2020, ETH was halved to $87 in a single day; how many people were crying and shouting back then? Four years later, it has increased thirty-fold. Now, $2700 looks scary, but in two years, we might look back and see it as just the foot of a mountain.
What are the big names arguing about:
Exchange boss CZ said: "Vitalik is just a tech nerd who can't communicate; Ethereum is still a solid second-largest coin." This statement is like a real estate agent saying: "Even though the property management is terrible, this location is valuable!" What Vitalik is actually worried about is that everyone is focused on trading coins to get rich, and no one is seriously developing technology anymore. It’s like planning to build a smartphone, but everyone ends up just reselling phone cases.
What should ordinary people do:
Don't believe in the nonsense of "getting rich overnight." If you see "top-tier projects" or "hundred-fold coins," blacklist them. If you really want to buy coins, focus on the top five established coins; 99% of new coins are just traps for newcomers. The current Ethereum at $2100 is like an iPhone on sale during Double Eleven. There's no guarantee it will rise, but at least it's ten times more reliable than buying counterfeit coins. This circle is now like a vegetable market, with worthless leaves (air coins) scattered everywhere, hiding a few real emeralds (good projects). We ordinary people don’t seek to find great bargains; being able to distinguish between cabbages and emeralds is already good enough.
The current state of the cryptocurrency market is getting murkier. Even Ethereum founder Vitalik Buterin openly complained: "The atmosphere in this circle is too bad, I feel like running away!" In fact, many big names in the industry share the same sentiment — the crypto market has completely changed.
The current situation is a mad frenzy on both ends:
Project teams act like casinos: dozens of new coins pop up every day, 90% of which are worthless tokens. These people set up a website, write a white paper, and start luring newcomers into their schemes via WeChat groups. Just the other day, there was a "Metaverse Dogecoin," which turned out to be a web game created by a college student in just three days. Traders are like gamblers: now, among the new entrants, nine out of ten don't even know what a wallet is. They only ask, "Which coin can double tomorrow?" Leveraging their investments, they end up liquidating and then seek to recover their losses. Recently, a guy even mortgaged his house to buy a worthless coin, and now he’s still waiting on the roof. But there's no need to panic about Ethereum this time: the drop from $3600 to $2100 wasn't primarily due to project issues, but rather a chain reaction caused by leveraged traders getting liquidated. It’s like when someone suddenly shouts, "The city management is here!" and everyone rushes to escape, trampling each other. Looking at history, on March 12, 2020, ETH was halved to $87 in a single day; how many people were crying and shouting back then? Four years later, it has increased thirty-fold. Now, $2700 looks scary, but in two years, we might look back and see it as just the foot of a mountain.
What are the big names arguing about:
Exchange boss CZ said: "Vitalik is just a tech nerd who can't communicate; Ethereum is still a solid second-largest coin." This statement is like a real estate agent saying: "Even though the property management is terrible, this location is valuable!" What Vitalik is actually worried about is that everyone is focused on trading coins to get rich, and no one is seriously developing technology anymore. It’s like planning to build a smartphone, but everyone ends up just reselling phone cases.
What should ordinary people do:
Don't believe in the nonsense of "getting rich overnight." If you see "top-tier projects" or "hundred-fold coins," blacklist them. If you really want to buy coins, focus on the top five established coins; 99% of new coins are just traps for newcomers. The current Ethereum at $2100 is like an iPhone on sale during Double Eleven. There's no guarantee it will rise, but at least it's ten times more reliable than buying counterfeit coins. This circle is now like a vegetable market, with worthless leaves (air coins) scattered everywhere, hiding a few real emeralds (good projects). We ordinary people don’t seek to find great bargains; being able to distinguish between cabbages and emeralds is already good enough.
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