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- If LN is very popular and successful won't it decrease miners profit to dangerously low levels? - How does Omise GO provide the most important bank feature:
by aiCeivi9 9y ago
- If LN is very popular and successful won't it decrease miners profit to dangerously low levels?
- How does Omise GO provide the most important bank feature: borrowing money? After all that is the main source of bank's income & impact on economy.
- wsc981 9y ago- I think if digital currencies become more popular and more usable for smaller transactions, then it could possibly offset the loss of not being able to mine new coins in the future. - I think lending out money will still be an important function of a bank, but it would already be awesome if we don't need a bank account anymore to do transactions over the internet or even in shops. Or if we can send money to each other without requiring our counter party to have a bank account.