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> If you rolled back every bitcoin transaction ever made you would end up with people in debt because the transaction fees were paid. This can be said about ev
by icepat 3y ago
> If you rolled back every bitcoin transaction ever made you would end up with people in debt because the transaction fees were paid.
This can be said about every bank transaction that charges a fee as well. Not a crypto fan at all (I find it rather silly overall), however this is not a particularly strong angle to attack it from.
- otikik 3y agoI am in firm opposition to crypto and I agree with you. That line of argumentation is so shaky that it makes crypto look better.
- hammock 3y ago[flagged]
- srejk 3y agoAre you really quoting fucking human trafficker Andrew Tate on economics? Electronic funds transfer (including credit cards) increase the velocity of money significantly. This means more transactions, which means more overall wealth creation. To say nothing of the fact that of that 1.5% fee, I'm recovering most, all, or more than it with things like cashback, rewards points, etc.
- deleted 3y ago[deleted]