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Why price of storing electronic money differs in between 1$ or 1000$ though? Only difference is a few bit flips in a bunch of databases. Generally you already
by shultays 7y ago
Why price of storing electronic money differs in between 1$ or 1000$ though? Only difference is a few bit flips in a bunch of databases.
Generally you already pay for a fee for your account/credit card.
- mikeash 7y agoFraud risk is higher, which means the cost of insurance is higher. I think this cost actually goes up more than just proportionally, too. Criminals will preferentially target higher value accounts, and they’ll make off with more when they do, so the risk increases more than linearly. In any case, not all costs are fixed.