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Wouldn't that tend to push up the cost of the bank transfer though? With cash you wouldn't even need to do this kind of transfer anyway, partly because of all
by benj111 7y ago
Wouldn't that tend to push up the cost of the bank transfer though?
With cash you wouldn't even need to do this kind of transfer anyway, partly because of all the things you mention.
- conanbatt 7y agoNot if you can offload those costs to the taxpayer. How much state money ends up as profits for the banks?
- benj111 7y agoTax payer subsidy would seem to be a feature from a consumer perspective. Surely its better for someone else to be paying the fees?
- conanbatt 7y agoThats one way to look at it. I would answer that what the tax payer pays is much higher than what the consumer gets, and both groups are large enough to not easily prioritize one over the other. Bitcoin was born on dissent on how governments bailed banks with tax-payer money.