Digital currencies are fundamentally changing the way we think about money and banking. The rapid rise of cryptocurrencies like Bitcoin, along with the
Crypto doesn’t avoid network fees. The fees aren’t quite as arbitrary and are shared with a broader pool of those providing the network, but the fees are still there providing the incentive for the network transactions to be processed.
Sure, and they absolutely should exist, but there’s no reason to have network fees be relative to the size of the transaction, because processing $1k vs $1 is the same amount of work.
Crypto doesn’t avoid network fees. The fees aren’t quite as arbitrary and are shared with a broader pool of those providing the network, but the fees are still there providing the incentive for the network transactions to be processed.
Sure, and they absolutely should exist, but there’s no reason to have network fees be relative to the size of the transaction, because processing $1k vs $1 is the same amount of work.