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Can you imagine if your bank charged you to write a check? I don't understand how people are okay with gas prices being a given.
by georgyo 6y ago
Can you imagine if your bank charged you to write a check?
I don't understand how people are okay with gas prices being a given.
- Rule35 6y agoBecause gas is like the cost of the paper. I wouldn't want my bank selling a fancier cheque just to charge more, but I do expect to cover the costs of the necessary anti-fraud features, etc. Similar to the cost of the code to verify the transaction. But yes, it should be lower where possible. Both by code optimization and blockchain/architecture choices.
- remram 6y agoWhen my bank says they're sending me a new checkbook for free, I definitely do not expect to pay the price of the paper or anti-fraud features. Do you?
- hanniabu 6y agoNetwork fees for blockchain are the equivalence of taxes. People aren't okay with taxes, but they're the price you need to pay to participate in the financial system.
- oarsinsync 6y ago> Can you imagine if your bank charged you to write a check? My bank charges me to use an ATM, and to send international transfers, so it doesn't take a lot of imagination.