mvr 🐹
@mvr
Every $10 I tip with @tipn costs me $1 in gas. Doesn’t matter if it’s one $10 tip or 1,000 tips of $0.01, the fee is the same. Current Base fast transaction fee? Around $0.00034. Tipn’s per-tip gas fee? $0.001 min If you're tipping $0.01, you're paying 3x more in gas than what a fast transaction actually costs right now. If you tip $1, you're paying ~30x more than needed. Batching would make this even cheaper I thought we were fleeing credit card fees. At least we know who's funding those staking rewards.
13 replies
14 recasts
94 reactions
Fookinnowan 🎩🔵
@fookinnowan
Said this before that microtransaction is cool but even with batching will it be sustainable? Asked several times about noice average tx cost per tip on the founder's cast about the volume of tips they processed but founder either ignoring or avoiding to answer 😅
1 reply
0 recast
1 reaction
mvr 🐹
@mvr
It could work since @jessepollak and team are working on making the transaction gas fees even cheaper than they are right now. But it won't work if 3rd parties charge this premium which is higher than credit card processing fees
1 reply
0 recast
2 reactions
Fookinnowan 🎩🔵
@fookinnowan
Definitely could work with even lower gas fee & bundled transaction (but still gotta set some minimum amount for qualified transaction pegged to $ as current spamming with noice is kinda brainless 😆). On premium part, tipn fee of 10% is kinda steep tbh and people might as well suffer abit and initiate send tx directly
0 reply
0 recast
1 reaction