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> Moving money between bank accounts in an immutable way is extremely cheap already. Only true in certain countries, between certain banks/processors, and with
by mattdesl 5y ago
> Moving money between bank accounts in an immutable way is extremely cheap already.
Only true in certain countries, between certain banks/processors, and within certain thresholds.
My last last transaction fee on Tezos was a fixed cost of 0.000544 xtz ($0.00177 USD), had no threshold limitations, required zero privacy invasion, settled in ~30 seconds, and was not limited to a particular bank or regional currency. This is essentially the 'technofix' that crypto users want to see adopted by the rest of the financial sector.
- hocuspocus 5y agoAnd they won't, because once again, regulatory problems don't have technological solutions.
- mattdesl 5y agoThe achievements I listed cannot only be solved with regulation.