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Those are middlemen for fiat-to-crypto transactions. No middlemen are needed for crypto-to-crypto transactions like with fiat-to-fiat transactions, with the exc
by everfree 5y ago
Those are middlemen for fiat-to-crypto transactions. No middlemen are needed for crypto-to-crypto transactions like with fiat-to-fiat transactions, with the exception of physical cash.
- fieldcny 5y agoThat’s not true the miners middle men. You gotta pay to get your transaction executed, the miners take that. Right now transactions are heavily subsidized by the mining reward, at some point there will no longer be a mining reward so the whole thing will be only supported by transaction fees, and they are likely to be spectacular, even today with the low transaction volumes, actual transactions can sit in the mempool for quite some time before getting executed unless you pony up fees.