ser

lmaoo

this pic

had it saved for a candle like the one we had this morning

Being poor is tight!

do the eth 2.0 yo dance little b****

I'm tired of all the nft mints

the dump it meme has become reality

“jUsT mOvE yOuR EtH tO LaYeR 2 sOlUtIoNs.”

her t*** are making more money and nuts than that NFT

Can you tell me why exactly would someone pay for rapid as opposed to slow? What’s the advantage of minting an nft fast?

the nfts sell out so if you do a slow transactions it will just fail and you lose your gas money

SEC scamming

Wdym sell out?

So like let’s say someone on ktt releases a collection of nfts called “CRAZY YE” or whatever. There’s only 100. So 100 people buy them all, then they have to mint it right? Or is there a limited amount that can be minted?

THE TEA

If 100 ppl buy it/mint it, then the 101 person’s slow ass transaction will fail and the person loses the gas money

yeah there is a set amount that can be minted (normally 10k)

if some big project that has a bunch of hype and influencers promoting it has a minting it sells out in 1 minute but most ETH transactions take 3 minutes

so it's a race to get your transactions included before they're all taken.. 10k will be minted and there will be 30k failed transactions

so people put in a higher gas price but that makes the gas go up until everyone is bidding 3000+ GWEI to try and make it

these events are called Gas Wars

they use to really only happened when ETH nuked hard like it did this morning you also get this same thing, because people are panicking more money onto their loan to avoid liquidation

usually that is like 1000 GWEI though NFTs have taken things to a new level

well... actually the first ETH gas wars were for ICOs in 2017 and Cryptokittes the first og NFT craze

but it had been Defi for a long time before this current NFT craze

feel like I've seen this before

So your purchase of an nft, isn't final until you mint it?

yup until the transaction completes

I've even gotten sniped on OpenSea and lost gas before :-(

won't be better until people use more rollups

iight I think I'm understanding it now.

So if there is only 1 left of something that cost $10 to buy, and we both bought it, but I paid $100 in gas fees to mint it in 15 seconds, and you paid only $50 to mint it in 30 seconds, then the object goes to me, and you miss out on it, plus gas fees on top, so you're out $60 total?