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What is the objection? Fees are designed to entice miners to include a transaction. If a fee is too low, the miner will include transactions with better incenti
by optimiz3 6y ago
What is the objection? Fees are designed to entice miners to include a transaction. If a fee is too low, the miner will include transactions with better incentives. Recording transactions has real economic cost (mining and permanent storage on the distributed ledger).
- bondarchuk 6y agoI don't have any objection, I just think it's funny.
- DennisP 6y agoEssentially the same thing happens when you trade stocks on Robinhood.
- spurdoman77 6y agoNo, definitely not.
- DennisP 6y agoI was about to reply that the "front-running" has been widely reported, decided I'd better google a source, and came across a fantastic article about how payment-for-order-flow actually works. You're right, it's not front-running, and it gives retail traders a better price than they would have gotten on the market itself. https://www.bloomberg.com/opinion/articles/2021-02-05/robinhood-gamestop-saga-pressures-payment-for-order-flow https://www.bloomberg.com/opinion/articles/2021-02-05/robinh...