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The DeFi Chronicle: Ethereum’s gas fees got me to try leverage
At my old job, the company would take the top salespeople on a trip once a year to a fancy hotel. It was very generous as they would put us up in a 5-star resort, host dinners, and they paid for airfare for us and one guest.
They would also give us a small per diem to cover non-hosted meals, entertainment, etc. When the company wasn’t covering the check is when I realized people who stayed at these resorts thought about money a lot differently than I did. I once paid $20 for a bowl of oatmeal in Mexico. A drink by the pool? $20 after tip. My wife wanted us to get a couples massage…I saw the price sheet and suggested she go alone.
It’s not that I’m cheap, it’s just that I’ve worked too hard for my money to spend it frivolously on items I know are overpriced. Keep in mind that these prices are from several years ago. I can’t imagine what the prices are at these resorts with today’s inflation.
When trying to interact on Ethereum, I get the same feeling I had at the exotic resorts I went to annually. Do I need to pay $18 for a Caeser salad? Do I need to pay $90 for the honor of swapping Ethereum? Of course, the answer to both is no. I’ll fill up at the company-hosted events and I’ll transact my decentralized finance on alternative chains.
