It’s interesting how these fees slowly inch up. It’s a slippery slope argument or more like a glacier. But once the market stabilizes, I think there’s lots of pressure to eat these fees over time.
I wonder if everyone will end up with the apple model of only getting 70% and letting some huge conglomerate fight over fees, or just vertically integrate.
I’m not a fan of government regulation but this is an area where it may be worth having some digital cash mediated exchange where the transaction fees are meant to be absurdly low, like 1% or 5 cents whichever is lower. It would provide all the insurances of cash, so none, but would be a strong financial infrastructure that helps consumers and business.
This has been my hope for crypto since 2009, but the fees have always been higher than visa for consumer purchases.
I wonder if everyone will end up with the apple model of only getting 70% and letting some huge conglomerate fight over fees, or just vertically integrate.
I’m not a fan of government regulation but this is an area where it may be worth having some digital cash mediated exchange where the transaction fees are meant to be absurdly low, like 1% or 5 cents whichever is lower. It would provide all the insurances of cash, so none, but would be a strong financial infrastructure that helps consumers and business.
This has been my hope for crypto since 2009, but the fees have always been higher than visa for consumer purchases.