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Currently our choice is to pay the fee to the banks for convenience they provide. If it's possible to provide the same convenience without the banks and with mu
by waterlesscloud 13y ago
Currently our choice is to pay the fee to the banks for convenience they provide. If it's possible to provide the same convenience without the banks and with much lower fees, is that not an improvement?
- sliverstorm 13y agoDoes bitcoin actually provide those lower fees? Hold on, I know you are about to say "yes of course!". But what about the cost of mining? Mining is not analogous to transaction fees, but it is a cost of bitcoin.
- foley 13y agoPlus indirect fees due to the exchange rate volatility.
- otterley 13y agoThe fee isn't just a "convenience" fee. A significant proportion of the 2.5% overhead is fraud insurance.