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That's a bit like saying that every public toilet that charges a fee is a scam. Surely there are scams and hype in this industry. Fees are for inclusion of a t
by 2color 2y ago
That's a bit like saying that every public toilet that charges a fee is a scam. Surely there are scams and hype in this industry.
Fees are for inclusion of a transaction in a block. And some pretty clever game theory was implemented as part of eip1559 in Ethereum to make fees efficient and fair.
- chx 2y agoNo, it's not, read Jorge Stolfi on this. While he insists the scam should be called a Ponzi, I am not sure of that , but the name doesn't change anything at all, we could call it a Nakamoto scheme as Preston Byrne did to avoid that particular debate.