4 ms·
> Financial transactions should not cost much more than compute + software they run on. The fees aren't pure profit for financial institutions. Its used to sub
by tmpz22 3y ago
> Financial transactions should not cost much more than compute + software they run on.
The fees aren't pure profit for financial institutions. Its used to subsidize consumer protections like fraud prevention and reversal.
> This is one angle where I actually respect a portion of the crypto community
Is there a portion of crypto platforms that don't take in fees?
- thrill 3y agoAny crypto platform that doesn't charge a fee will be swamped (even more) with spam transactions along with all those who validate that chain.
- downWidOutaFite 3y agoIt's also used for cashback credit cards to attract high income people with good credit scores, at the expense of everybody else.