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Don’t they live off of transaction fees? My understanding is Coinbase makes sense as long as people are using crypto regardless of absolute numbers involved in
by Swizec 8y ago
Don’t they live off of transaction fees? My understanding is Coinbase makes sense as long as people are using crypto regardless of absolute numbers involved in individual transactions.
Banks are very valuable despite their tokens being worth only $1
- Analemma_ 8y agoThat’s what everyone said about Mt. Gox too: “they can’t be insolvent, they make so much money in txn fees!” That seemed like an airtight argument until it suddenly wasn’t.