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Definitely a working scam, who sets fees that high?
The only eth I've held was from trading on hive-engine, and I sold that back to hive just as quick as I could.

That's the design of the network, layer 1 Smart Contract EVM with bidding procedures. It's just the worst idea anyone ever had.

At least until the cloning started, it's been hard to find the diamonds in that rough.
I expect tough cuts to start getting made by those with power.
ICO's could be up first.
Reggie is coming out of the woods, at some point.