Dear Vitalik ... you owe me $13.54 USD (Part 1)
So I bought some EOS tokens via ICO and tried to claim them the other day, but didn't have enough ETH left in my wallet to pay for the tx fee. MetaMask advised me I'd need a little over 0.04 ETH to claim my tokens - this seemed a little expensive, but I'd seen max fee quotes like this before that ended up being a lot cheaper, so I shrugged it off. I wasn't too fussed about claiming the tokens right away: I figured I would be buying more soon anyway, and if the tx did happen to cost that much, I may as well wait and bundle my claims together ...
So I decided to buy a little more EOS today and figured I may as well claim the last lot of tokens too. I checked the max TX fee and bought enough ETH to cover that and my EOS purchase. I placed my bid in today's round and even left an extra .01 ETH in the wallet just in case. The auction ended a little while ago, I paid a fair rate for my second lot of tokens and was excited to finally claim the first lot. I hit the claim button and accepted the tx in MetaMask. Nothing could stop me this time, I'd come prepared ... Or so I thought.
5m later the tx is out of pending, my ETH balance has been drained by 0.04, but still no ICO tokens - just the 50 I bought on exchange:
I thought I'd investigate and see what had happened, so I went back to the main MetaMask screen and clicked my apparently successful transaction. Every thing looked good at first, but then I noticed the red warning sign and a rather irritating, unapologetic message from the network:
Out of gas Ethereum? So you are telling me that not only does it cost $13 bloody US Dollars to interact with one of your "smart" contracts, but sometimes even that doesn't cut it and you just lose money? The network message may as well have said "We just fucked you in the ass, have a nice day :)" ...
I am pissed off right now Vitalik. It's not the $13, it's the bloody principle of the thing. With Steem as my witness; some way, some how, I will be getting my $13 back. This I swear to you.
I demand satisfaction!
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And you made $45 in an hour with this post. @dan has you covered, where as @vitalik took you for a ride ;)
Overall you are net positive. You should still take this up to its logical closure.
What happens when you convert the EOS tokens, and where do you put them once you do? Is this a requirement, or are my EOS tokens still good to go even without converting them? How do you know when they are converted, do they look different, smell different, act different?
Please explain, thanks!
The answer is here https://goo.gl/TSq52F and here https://goo.gl/36yDtS
https://steemit.com/eos/@kcfrau/eos-team-is-working-on-a-new-page-that-allows-non-metamask-users-to-access-key-generation-feature
'Overall you are net positive. That is what matters in cryptos :P', well, no. As Bulleth stated, it's the principle here that matters. Smart contracts are there to ensure everything works properly, which it clearly doesn't. The contract stated a certain fee, which afterwards doesn't appear to be the right amount, that's weird.
I didn't mean that he should give up the fight he is taking up. I think I should update the comment so that it is not construed wrongly.
Nah I liked the comment that's why I put it up top lol
I think you are both right, what you suggested in your original comment is a great way of looking at life. My whole rant was pretty tongue-in-cheek, I didn't feel like posting charts today and this gave me inspiration to post something different.
Having said that, I think the whole thing is ridiculous, isn't the whole idea of smart contracts that no one gets screwed because computers execute them to a strict set of conditions?
I can not wait for EOS, this experience is a perfect example of Ethereum's many short comings :)
Hey bulleth,
Thanks for sharing
I warned you about this yesterday lol
look my post about waves
https://steemit.com/cryptocurrency/@superpako/waves-plataform-and-lease-cryptocurrency
Hey @bulleth ...When I bought my EOS I also found the rate very high but I changed to 2 gwei and the fee went down to $1.21. It took about 2 hours to confirm but everything worked out with no issues...I even made a post about it but it is in portuguese, if you look the last two prints you can see how I claimed. I think you had bad luck on your transaction idk
Hey mate, thanks so much for the tip - it's people like you who make Steem and Steemit a better place :)
thanks man =]
Using MEW (not sure about MetaMask) you can adjust the gwei down to make it cheaper - takes a little longer but cheaper!
Data from my claimAll from etherscan:
Value: 0 Ether ($0.00) Gas Limit: 913947 Gas Used By Txn: 913946 Gas Price: 0.000000002 Ether (2 Gwei) Actual Tx Cost/Fee: 0.001827892 Ether ($0.60) Cumulative Gas Used: 3950657 Nonce: 19 Input Data:
Function: claimAll()
Info here at MEW
As I said to @lpessin above, thanks so much for shedding some light on how to avoid this. You are truly an asset to community - keep it up :)
Yes, don't give up but keep fighting for your rights and what is honestly yours. It's time some of these shits stop. Sorry for all affected by cons
Problem is this was a blockchain that screwed me! Oh well I'll be interested to see whether I can indeed scrounge a refund out of the foundation.
If this problem continues to happen frequently to users it might dent the confidence we have with blockchain, anyways hope you find away to scrounge your funds back. Cheers mate 👍
Don't ever trust ICO. They eat the whole market, Steem price could be much bigger with Bitcoin going up if we didn't have these "cryptos" which will vanish anyway
There's nothing wrong with the ICO, and EOS will be epic (it's the new project by the guy who created Steem ;)
I would not blame Vitalik for that. I still think the gas estimation from metamask is pretty bad and way to high. Additionally you could blame the coders of the whole claiming function of EOS tokens. 12 Dollars to get your tokens, this is way to high.
The estimate wasn't too high, it was too low. I had to up by 50% to 3 Mil to make sure it got through and it cost 2.6.
If the gas paid isn't enough it should be returned to you, Eth network stealing the users money for work it didn't complete isn't good enough. IMO this is a perfect illustration of why nothing serious will ever take place on the Ethereum network. People don't want to pay every time they interact with the blockchain, companies don't want to pay every time they interact with the blockchain ... even if you do have to pay, you at least want to get what you paid for (or have the funds returned to you). Smart contracts are supposed to prevent this sort of thing happening, not be the cause of them.
Think you made your money back hahaha ;)
Yep see that's how good Dan's stuff is ... it even pays you when Vitalik's network stuffs up :P
EOS will be BIG... The Ethereum Killer is looming... get as many as you can and laugh as Vitalik's project becomes obsolete :)
Word
I need some help with these fucking EOS Tokens as well please.
I want my 69 EOS Tokens back please. I don't understand where they are.
TxHash: 0x93176bc6b5ae3c59a44cf67f44778a784564896a3aa9cabfa9bedbfc7edfaf89
From: 0xBCaf20380cd23fBD77117B3d375b46421c58A538
To: 0xd0a6e6c54dbc68db5db3a091b171a77407ff7ccf
Here is myetherwallet address where the tokens should be:
0xA69Ed18dc377352De05b82e19C2d750cA9841AD9
The answer is here https://goo.gl/TSq52F and here https://goo.gl/36yDtS