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This seems pretty naive to me. Depends on what they are selling. Is it a stick of bubble gum? Ok probably not bitcoin. Is it a house? Yeah, I think theyll ma
by anm89 6y ago
This seems pretty naive to me.
Depends on what they are selling.
Is it a stick of bubble gum? Ok probably not bitcoin.
Is it a house? Yeah, I think theyll manage the fee.
Is it somewhere in the middle?im confident theyll figure it out case by case and distribute costs as necessary and possible.
Still none of this has anything to do with crime and everything to do with serving the underbanked.
- arcticbull 6y agoOk but banking infrastructure should support both use cases should it not? You’re not banking the underbanked who by definition don’t have money if you’re saddling them with $10 tx fees. If they had money they wouldn’t be under banked would they? I’ve spent a lot of time exploring this “underbanked” area, and in my opinion it doesn’t really exist. The issue isn’t that they don’t have access to banking it’s that they don’t have any money to put into the account. That's a social issue not an infrastructure issue.