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    Home Unlabelled Ethereum Did I just lose half a million dollars by sending WETH to WETH's contract address?

    Ethereum Did I just lose half a million dollars by sending WETH to WETH's contract address?

    January 30, 2022

    Ethereum Did I just lose half a million dollars by sending WETH to WETH's contract address?

    Did I just lose half a million dollars by sending WETH to WETH's contract address?

    Posted: 29 Jan 2022 07:01 PM PST

    Why the hell are you still on layer one?!

    Posted: 29 Jan 2022 09:32 AM PST

    We're all moving squad, pack your bags, we're heading to the newfoundland of low fees, high security and decentralization. If you're still making trades or buying NFTs on Layer one, you're burning money.

    ROLLUPS ARE HERE

    Layer 2 rollups are ready today! Including Loopring, zkSync, Optimistic Ethereum, and Arbitrum. No more of that sidechain/sister chain business, we can support Ethereum by moving our assets to any of these layer two chains and increasing Liquidity incentives. The more of us on L2 the better the sandbox becomes.

    FOR THE NEWBIES

    For those of you who are newbies and have never opened a crypto wallet, or those just doing small trades I'd recommend Loopring Wallet or Argent Wallet (powered by zkSync/starknet). Both of these systems use smart wallets and make holding crypto stupid proof! When these scaling solutions launch EVM smart contract, anybody will be able to have world class security for less than than a few dollars.

    FOR THE OUT OF THE LOOP CRYPTO VETERANS

    If you're a bit more experienced, have some crypto savings or just want to continue interacting with Dapps, try bridging your funds to Arbitrum or Optimism! Contract calls are roughly around $1 and make trading easy. They do lack a bit of liquidity, BUT, the more of us that transfer to these L2 solutions, the more incentive there is for liquidity providers to move!

    WE ALL NEED TO MOVE TO L2 IN ORDER TO INCENTIVIZE LIQUIDITY PROVIDERS TO MOVE!

    "But mrcleansocks, all my funds are on binance and coinbase? how am i supposed to get to layer 2 without touching layer 1 gas fees?"

    EASY!

    You need to go to Layerswap! They will help you bridge your funds from CEX's to L2s! No more dirty nasty layer one gas fees to stop you from being your own bank. SO GET ON IT!

    On a twitter spaces call between Optimism, Arbitrum, zkSync, and Starknet, they all said that sub 1 cent transactions are coming! We are on the verge of Layer 2 2022!!!! It's happening! We are scaling! But we all need to get off layer one! So get your shit together and let's roll squad, we're building the new world and it's on Layer two now!

    ​

    edit - Honestly, mods, we need a sticky post to address this. If you're too lazy, just pin this post so people can find their way to L2

    submitted by /u/mrcleansocks
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    The Proposed America Competes Act Could Harm Crypto! Write Your Senators & Representatives!

    Posted: 29 Jan 2022 10:17 AM PST

    Be careful I got this by email, big scam

    Posted: 29 Jan 2022 06:11 PM PST

    Scammers have emergencies as well! For just 10 cents a day you could help!

    Posted: 29 Jan 2022 11:12 PM PST

    I've just purchased my first bit of crypto (Ethereum) What now ?

    Posted: 29 Jan 2022 07:56 AM PST

    I've just purchased a very small amount of ETH through Coinbase. Still a total noob and just wanted to get my foot in the door of this whole thing. Any suggestions on what to do with my new currency if anything at all.

    submitted by /u/obscurityzone2
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    I've started building an options market for Optimism and thought I would record the whole process (or as much of it as possible) - lmk what you guys think ��

    Posted: 29 Jan 2022 01:41 PM PST

    Question regarding minting NFTs on Etherium blockchain using your own website and Metamask API.

    Posted: 29 Jan 2022 05:01 PM PST

    I have a question regarding Minting NFTs on your own website and wondered if anyone here can help:

    How much does ti cost to mint NFTs on the Etherium blockchain through you own website and metamask? Finding really contradicting information on this matter - some say the buyer pays gas fees and that's all while at other places I see that you need to pay around 0.66 ETH for minting a collection (about 10K).

    Thanks in advance!

    submitted by /u/donaldduck1333
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    Ethereum First Post-Merge Fork Takes Shape: What is Ethereum Shanghai?

    Posted: 29 Jan 2022 10:14 AM PST

    Is there a safe and easy way to stake ETH (or BTC) for interest without having to use an exchange like Celsius or Crypto.com?

    Posted: 29 Jan 2022 06:13 PM PST

    I know Cardano has easy staking for rewards (all you need is a wallet and ledger/Trezor). Is there anything like this for other (Top 5) cryptos, mainly ETH? Something that doesn't require constant monitoring, complex contracts, or having to shuffle money around frequently. I remember looking to ETH staking (or sharding) and it looked pretty complex and certainly not passive.

    Ideally a "set it and forget it" but with the safety of "your keys, your crypto?"

    submitted by /u/jcb193
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    why are nft fees so insane right now?

    Posted: 29 Jan 2022 11:49 PM PST

    im trying to list an nft on OpenSea, and metamask is saying that the fees are gonna be 110 dollars CAD. any idea why?

    submitted by /u/Trixteri
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    MetaMask?

    Posted: 29 Jan 2022 04:23 PM PST

    Am I able to send MATIC that I own that's stored on a network directly to my MetaMask wallet? I have set up the mainframe so it recognizes MATIC.

    submitted by /u/JWedge23
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    Polygon is the dominant Ethereum scaling solution

    Posted: 29 Jan 2022 04:27 PM PST

    Introducing Carolus: decentralized, uncensorable and on-chain newspaper

    Posted: 29 Jan 2022 12:12 PM PST

    NFT Trading Group chat.

    Posted: 29 Jan 2022 06:32 PM PST

    Hello,

    I was thinking to start a small group chat for NFT Traders. A Small group of 20-30, so there's no spam or irrelevant post. In this group chat we will discuss short term flips and long term investment, identifying under priced NFTs, keeping up to date with the latest trends and NFT drops.

    Please message if you're interested in Joining.

    submitted by /u/SpaceTraderB
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    Astronomical ETH Gas fees when trying to buy RBIF?

    Posted: 29 Jan 2022 03:04 PM PST

    The Decentralized Database [dDB] on the EVM and a very cheap way to store immutable data.

    Posted: 29 Jan 2022 05:28 AM PST

    Poloniex ETH Withdraw

    Posted: 29 Jan 2022 06:29 AM PST

    I need to get my ETH balance off Poloniex before tomorrow afternoon due to trading stopping in Ontario.

    The fee to withdraw ETH to my Coinbase ETH wallet takes nearly half of my investment.

    How can I do this cheaper? I have Coinbase and Kraken at my disposal.

    Poloniex support has not been helpful. Hope someone can offer insight! Thanks

    submitted by /u/SgtSaggySac
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    Trading crypto under 18

    Posted: 29 Jan 2022 09:14 AM PST

    Hi, where can I sell crypto when I'm under 18?

    submitted by /u/IsaacNewtonTheSecond
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    ETH newbie here

    Posted: 29 Jan 2022 01:37 AM PST

    What are your opinions on buying monthly and holding ETH on coinbase long-term for profit?

    Is there any other way to go about ETH investing that is recommended?

    submitted by /u/stormne_is_hot
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