{"id":13517,"date":"2024-10-04T22:46:02","date_gmt":"2024-10-04T15:46:02","guid":{"rendered":"https:\/\/bitcoinvn.io\/news\/?p=13517"},"modified":"2026-06-05T18:12:19","modified_gmt":"2026-06-05T11:12:19","slug":"ethereum-gas-fee","status":"publish","type":"post","link":"https:\/\/bitcoinvn.io\/insights\/ethereum-gas-fee\/","title":{"rendered":"The Great Ethereum Gas Fee Heist: How Lubin and His Cronies Fleece the Masses"},"content":{"rendered":"

\"BitcoinVN<\/p>\n

If you prefer fewer ideological ramblings and just want to move your stablecoins around on the cheap, consider using alternative networks such as <\/i>Polygon<\/i><\/a>, <\/i>Liquid<\/i><\/a>, or <\/i>Binance Smart Chain<\/i><\/a>.<\/i><\/p>\n

If you do enjoy ideological ramblings, read on!<\/i><\/p>\n

\u2014<\/i><\/p>\n

By Brutus Crown<\/i><\/p>\n

In the shadowy world of altcoins and blockchain pretenders, few scams are as brazen and destructive as the Ethereum gas fee racket. While Bitcoin continues to shine as the one true decentralized currency, Ethereum\u2019s so-called \u201csmart contract platform\u201d has devolved into a feeding frenzy for insiders, with average users left holding the bag.<\/p>\n

The Gas Fee Nightmare<\/h2>\n

Ethereum\u2019s gas fees, which users must pay to execute transactions or run smart contracts, have been known to skyrocket to ludicrous levels. We\u2019re talking tens of dollars for a simple token swap, or hundreds for more complex operations. This isn\u2019t just inefficiency; it\u2019s highway robbery, plain and simple.<\/p>\n

\"Ethereum<\/p>\n

But why are these fees so high? The Ethereum shills will tell you it\u2019s due to network congestion and the price of ETH. Don\u2019t be fooled. The real reason is far more sinister.<\/p>\n

Follow the Money: The Lubin Connection<\/h2>\n

\"Joseph<\/p>\n

Enter Joseph Lubin, Ethereum co-founder and ConsenSys CEO. This \u201cpillar of the community\u201d has been pulling strings behind the scenes since day one. Here\u2019s where it gets interesting:<\/p>\n

    \n
  1. Lubin and his inner circle hold massive amounts of ETH.<\/li>\n
  2. High gas fees drive up demand for ETH, as users need more to cover transaction costs.<\/li>\n
  3. This artificial demand pumps the price of ETH, lining the pockets of Lubin and friends.<\/li>\n<\/ol>\n

    But it doesn\u2019t stop there. The Ethereum Foundation, supposedly a nonprofit organization, is in on the game. They control the development roadmap and have consistently dragged their feet on scaling solutions that would lower gas fees.<\/p>\n

    The Insider\u2019s Playbook<\/h2>\n

    Here\u2019s how the insiders maximize their profits:<\/p>\n

      \n
    1. Hype up new DeFi projects or NFT drops, knowing they\u2019ll clog the network.<\/li>\n
    2. As gas fees spike, they use their insider knowledge and connections to front-run transactions.<\/li>\n
    3. Regular users are priced out, while the elites rake in profits from arbitrage and priority access.<\/li>\n<\/ol>\n

      It\u2019s a vicious cycle that keeps the Ethereum ecosystem in a constant state of congestion and high fees.<\/p>\n

      Bitcoin: The Antidote to Ethereum\u2019s Poison<\/h2>\n

      \"Time<\/p>\n

      While Ethereum wallows in its own greed and corruption, Bitcoin stands tall as the beacon of true decentralization. With its fixed supply, transparent monetary policy, and focus on being sound money, Bitcoin doesn\u2019t need elaborate schemes or artificial scarcity to create value.<\/p>\n

      The Lightning Network<\/a>, Bitcoin\u2019s Layer 2 scaling solution, puts Ethereum\u2019s failed attempts at scaling to shame. Fast, cheap transactions without compromising security or decentralization; imagine that, Vitalik.<\/p>\n

      Conclusion: Choose Wisely<\/h2>\n

      The next time you\u2019re tempted by Ethereum\u2019s siren song of \u201cprogrammable money,\u201d remember the true cost. Every high gas fee you pay is another dollar in the pockets of Lubin and his cabal of insiders.<\/p>\n

      Stick with Bitcoin. It\u2019s not just about avoiding a scam; it\u2019s about choosing financial freedom over centralized control. In a world of altcoin pretenders, Bitcoin remains the king, offering true sovereignty without the strings attached.<\/p>\n

      Stay vigilant, stack sats, and never forget: Ethereum is a trap, but Bitcoin is freedom<\/a>.<\/p>\n

      \"Illustration<\/p>\n

      \u2014<\/p>\n

      About the Author:<\/i><\/b> Brutus Crown is a fictional character whose writings should be understood as such. While his work exudes the fervent convictions of a prototypical \u201cBitcoin Maxi,\u201d celebrating Bitcoin as the ultimate financial solution, it is important to note that these views are purely his own.<\/i><\/p>\n

      The opinions expressed in his writings do not reflect the official stance of the editorial team at BitcoinVN, nor should they be construed as financial advice.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

      A Brutus Crown commentary on Ethereum gas fees, insider incentives, and why Bitcoin and Lightning remain the preferred route for cheap crypto transactions.<\/p>\n","protected":false},"author":13,"featured_media":13524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-13517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-seo"],"yoast_head":"\nThe Great Ethereum Gas Fee Heist: How Lubin and His Cronies Fleece the Masses - BV Insights<\/title>\n<meta name=\"description\" content=\"In the shadowy world of altcoins and blockchain pretenders, few scams are as brazen and destructive as the Ethereum gas fee racket....\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bitcoinvn.io\/insights\/ethereum-gas-fee\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Great Ethereum Gas Fee Heist: How Lubin and His Cronies Fleece the Masses - 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