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How a large a "cut" they take from every transaction is the question here. As for cash,there's no cut taken by any middle man. And when the central government
by habibur 5y ago
How a large a "cut" they take from every transaction is the question here.
As for cash,there's no cut taken by any middle man.
And when the central government or bank is involved in pushing a legal currency -- there shouldn't be any cut.
- toxik 5y agoYou know damn well that banks and credit card institutions take cuts of transactions. Why this aversion to Bitcoin on HN, even with LN?
- imtringued 5y agoI agree, why would anyone provide payment infrastructure if they don't get paid?
- antb123 5y ago1) information - which might be scary. 2) government control of some kind -
- arcticbull 5y agoWhy the horror when someone asks how a free service is making their money, and how much? The quantification matters because we want to know if, in the future once they've spent all their VC money and have to make payroll themselves, it represents a better deal or not.
- lowkey 5y agoAs for cash, the “cut” that is taken is via inflation. Governments print money increasing the total supply of currency and decreasing the purchasing power of your cash. It’s also called currency debasement and has a history almost as old as currency itself.