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This is something crypto was supposed to fix. And maybe smaller coins did, but transaction costs for BTC and ETH are even higher.
by weberer 4y ago
This is something crypto was supposed to fix. And maybe smaller coins did, but transaction costs for BTC and ETH are even higher.
- latchkey 4y agoThere is more to 'crypto' than just BTC/ETH. Quite a few of the larger L2 chains have fraction of a penny fees and transactions go through in seconds. They are actually perfect for smaller transactions. We just need more people to build on top of them and make real products like this in order to get more adoption.
- emptysongglass 4y agoLightning BTC is absurdly cheap and very fast.
- polski-g 4y agoIota is a way better technology for this sort of thing.
- elif 4y agoYou can use a smart contract with a side-chain for fee-less transactions from donators -> creators, and only have to pay a single transaction fee every time a donator or creator adds or withdraws funds. so each donator would have ~$0.75 fee every month, regardless of how many creators they support. or whales could just fill their account for the quarter/year for $0.75 if they so chose. and each creator would only have a $0.75 fee every time they decided to withdraw. just build $0.01 into the contract and its a profitable system.