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There ain't no such thing as a fee-free lunch. There have to be some interest rate in fund transfer, otherwise there will be no reason to keep transaction reco
by justshowpost 5y ago
There ain't no such thing as a fee-free lunch.
There have to be some interest rate in fund transfer, otherwise there will be no reason to keep transaction records.
> HN attitude
There are some opinions which endorsed here and some which suppressed, for example eco-terrorists and police-hating criminals are holy cows here.
- PaulDavisThe1st 5y ago> There have to be some interest rate in fund transfer, otherwise there will be no reason to keep transaction records. Potential legal penalties often work quite well.
- justshowpost 5y agoSure thing, gubment-regulated banking requires very formal bookkeeping. But in the imaginary fee-free crypto system how would you motivate participants to maintain verifiable records of your transactions (for purpose of proving you really paid for some e-commerce deal which in non-immediate)?