- Vitalik Buterin hints that the drive to push Ethereum often circles back to the lucrative gas fees.
- According to Buterin, when fees skyrocket, it is a handful of big players who reap the rewards.
- The Ethereum co-founder thinks users should be worried about capture as a risk on the Ethereum network.
According to Steven Nerayoff, a former Ethereum advisor, the drive to push Ethereum often circles back to the lucrative gas fees. Nerayoff made this statement via a post on X (formerly Twitter), where he explained that when fees skyrocket, it is not the average user but a handful of big players who reap the rewards, especially if ownership and mining are as concentrated as suspected.
The drive to push Ethereum, as Vitalik himself hints, often circles back to the lucrative 'gas fees'. When fees skyrocket, it's not the average user but a handful of big players who reap the rewards, especially if ownership & mining are as concentrated as suspected.… https://t.co/aeVq4zbzlk pic.twitter.com/C98gjEpsAH— Steven Nerayoff (@StevenNerayoff) December 12, 2023
Citing a portion of Ethereum’s whitepaper, Nerayoff noted that Ethereum’s ICO Legal Opinion estimated gas fee…
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