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As MinorTom pointed out, the final fee in the end still comes at a hefty percentage of the transfer. > The solution to micropayments are not shitcoins, the sol
by rglullis 4y ago
As MinorTom pointed out, the final fee in the end still comes at a hefty percentage of the transfer.
> The solution to micropayments are not shitcoins, the solution is to squeeze the rent seekers.
First, "shitcoins" and blockchain-based tech for p2p payments are orthogonal points. You can have cheap transfers without requiring specific tokens.
Second, have you ever considered that the best way to squeeze the rent seekers is precisely be developing a technology that disrupts their business and forces them to lower their margins?