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What's the business incentive for a validator to charge that much lower costs? If they know they have the cheapest offering on the market already, it doesn't ma
by majewsky 4y ago
What's the business incentive for a validator to charge that much lower costs? If they know they have the cheapest offering on the market already, it doesn't make business sense to undercut Visa by that much (or, at most, to only undercut them until they've achieved monopoly).
- arbol 4y agoThe price comes from the number of Validators offering their service. If there are many then the price goes down and vice versa. This is just basic economics. The current offering of VISA, Mastercard, etc. is somewhat limited and there is a barrier to entry. Therefore, artificially high costs can be maintained.