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It is winning as internet gold, but not as internet money. The fees are as large as banks', if not larger. The only advantage over fiat is the theoretical purc
by danuker 6y ago
It is winning as internet gold, but not as internet money. The fees are as large as banks', if not larger.
The only advantage over fiat is the theoretical purchasing power stability due to algorithmic supply.
- runeks 6y ago> The fees are as large as banks', if not larger. The fee does not depend on transaction value, so the greater the value transferred the smaller the fee in percent. Bank transfer fees are a percentage of value transferred, in my experience.
- danuker 6y agoYeah, so it discourages small payments relative to large ones. Strictly looking at this, it is somewhat more unfair to poorer people compared to banks.