What about both ? lol
: D
Topic: A currency with no transaction fees vs a currency with no volatility (Read 556 times)
July 25, 2014, 03:34:57 AM
We're already getting some boundary-pushing with transaction fees (I'm mostly referring to bitcoin here) with consumer-oriented moneymaking schemes like ATMs - some of them have a 7% commission going on, which is grim to see. So i hope that the future of crypto doesn't mean mass adoption being at the expense (literally) of the tiny fees which are currently its main selling point. No good having volatility AND fees like that being dished out!
7% commission isn't the transaction fee, that's a service charge, and that will go down if/when there is competition.
Yeah true not the currency trans fee, though it ends up all being part of using the actual currency if it goes big. but still such charges are erroneous imo, I'd hope competition decreases them to almost nothing.
July 25, 2014, 03:22:04 AM
We're already getting some boundary-pushing with transaction fees (I'm mostly referring to bitcoin here) with consumer-oriented moneymaking schemes like ATMs - some of them have a 7% commission going on, which is grim to see. So i hope that the future of crypto doesn't mean mass adoption being at the expense (literally) of the tiny fees which are currently its main selling point. No good having volatility AND fees like that being dished out!
7% commission isn't the transaction fee, that's a service charge, and that will go down if/when there is competition.
July 25, 2014, 03:06:05 AM
We're already getting some boundary-pushing with transaction fees (I'm mostly referring to bitcoin here) with consumer-oriented moneymaking schemes like ATMs - some of them have a 7% commission going on, which is grim to see. So i hope that the future of crypto doesn't mean mass adoption being at the expense (literally) of the tiny fees which are currently its main selling point. No good having volatility AND fees like that being dished out!
July 24, 2014, 04:46:56 AM
I prefer with volatility when price goes up 
July 24, 2014, 04:35:23 AM
Transaction fees in crypto-currencies are low enough they may as well be non-existent.
Seriously, what percentage of the typical transaction is the fee?
Volatility however makes it hard to buy things. Merchants and consumers alike prefer stability.
Seriously, what percentage of the typical transaction is the fee?
Volatility however makes it hard to buy things. Merchants and consumers alike prefer stability.
July 24, 2014, 04:16:49 AM
Which do you prefer and why?
No volatility or no transaction fees.
Zero transaction fees sound more plausible than no volatility. But in the other hand, no volatility would make a currency the greatest ever. No volatility or no transaction fees.
July 24, 2014, 04:12:11 AM
Which do you prefer and why?
No volatility or no transaction fees.
No volatility or no transaction fees.
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