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Remote + Blockchain
Joined February 2022
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8/8
Once those catch up, stablecoins won’t feel like a crypto product anymore. They’ll just be how money moves.
7/8
So the money itself moves at internet speed. It’s the on-ramps and off-ramps, and the rules around them, that move at the old, slow pace.
6/8
Regulation is the other piece. Some countries welcome this. Others treat stablecoins like a threat to their own currency, and block the on-ramps before they even get built.
5/8
That conversion layer, cashing in and cashing out, is still clunky almost everywhere. In Nairobi you can get stablecoins onto your phone easily. Turning them back into shillings you can spend at a shop is a different story.
4/8
Turning them into payment rails means solving a much harder problem. Someone has to convert local cash into stablecoins, and back again, in every country, cheaply and instantly.
3/8
That’s not how stablecoins started, though. They began as a place to park cash between crypto trades. Trading pairs, not payments.
2/8
With stablecoins, the same payment lands in minutes, in full. No banks in the middle, no cut taken along the way.
1/8
A coffee exporter in Kenya waits five days to get paid by a buyer in Germany. Three banks touch that money along the way, and each one takes a cut. By the time it lands, he’s lost real value just from moving it.
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11|
Cheat sheet:
Daily swap / mint / farm → L2
Big move you want on mainnet → L1, wait for low gwei
Need next block during a frenzy → pay the tip
Not urgent → standard gas, or wait
Gas is rent on blockspace.
Buy less of it, or buy it when it’s cheap.
10|
Do fewer txs
10 small sends ≈ 10 fees.
1 larger send ≈ 1 fee.
Skip extra approvals:
Approve is its own paid tx.
Use permit / batched “approve + swap” when the app has it.
Don’t send failing txs:
Reverts still burn gas. Simulate first.
9|
Time it:
Check a gas tracker.
Weekends / off-peak UTC are usually cheaper.
If gwei just spiked, wait. Spikes fade.
Don’t over-tip:
High max fee is fine (protects you).
High tip is optional. Most people overpay here.
8|
How to reduce it:
Use an L2:
Base / Arbitrum / Optimism for daily txs.
Same wallet, same tokens, tiny fees.
L1 is for size + settlement.
This beats every other trick.
7|
The tip is the only part you really bid.
Calm network: 0.01–0.1 gwei is often enough.
Chaos: tips spike because validators rank by what they get paid.
Wallet “Fast” presets usually overpay.
If it’s not urgent, don’t use Fast.
6|
Base fee is automatic.
Blocks have a target (about half the gas limit).
Over target → next base fee up (max 12.5% per block)
Under target → base fee down
Quiet hours = cheap fees
Mints, launches, liquidations = expensive fee
5|
What actually moves the cost?
What the tx does (gas used)?
How congested L1 is (base fee)?
How fast you need inclusion (tip)?
ETH’s dollar price
L1 vs L2 vs another chain
Same swap can be $0.02 or $20. The work didn’t change. Demand did.
4|
You also set maxFeePerGas.
That’s your ceiling.
You never pay more than that.
Actual charge = base fee + tip.
Anything above that gets refunded.
Unused gas from a high gas limit is refunded too.
A failed tx can still cost gas.
3|
On Ethereum, gas price splits into 2 parts (EIP-1559):
Base fee — protocol sets it from how full recent blocks were.
Priority fee (tip) — extra you add so a validator includes you sooner.
You pay: gas used × (base + tip)