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How about a credit card? It's simple. Those fees aren't just there to screw you (albeit, some places do, doesn't mean fees are inherently bad). They also hel
by ohashi 15y ago
How about a credit card? It's simple. Those fees aren't just there to screw you (albeit, some places do, doesn't mean fees are inherently bad). They also help support the infrastructure required to create a stable and easy way to use money. People expect protection against fraud, bank runs, etc. That doesn't just happen magically, it happens with organization and processes. Look at some of the other comments coming from supporters of bitcoin here, creating a bank running on transaction fees (or a nation was the example). It's the same thing, except it's trying to poorly mimic something that already exists and quite frankly, works fairly well.
- niklas_a 15y agoDefinitely true. There is nothing stopping anyone building a credit card network on top of Bitcoin. Again, Bitcoin is still an experiment. It might even be the case that certain groups of people require such a scheme to use it.