Not quite, but sort of.
Not quite, but sort of. First, I don't think the transaction costs are hidden at all. But that aside, the transaction costs are exactly where they belong: with the miners. Effectively, all the transaction costs up front and applied once. The problem with existing financial transactions is that they take a cut every time a transaction is made. In fact, they take little cuts every time a transaction passes through their system/network/etc. Start with one dollar and send it through enough "transactions" and you end up with nothing. Bitcoin effectively solves this problem. No middle-man scum sitting between a financial transaction ever "adds value" (how a I hate that term). They just leech off the capital of the people. This is why I want bitcoin to succeed. (Ended up a bit ranty there at the end. Sorry.)
Posted by commentzorro on Jul 24, 2015, 10:51 AM
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Raise real-world problems, find people facing the same issue, and discuss solutions.5,000 issues0 comments
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i have been going thru this for years now and because this attaches to contacts i have literally destroyed my family life.
I did the same thing this year, and I agree it's been one of the best decisions I've made.
If 30 years ago someone suggested breaking into your house to take away your Nintendo games or remotely disabling them by sending somethi...
This is an entirely weird and bizarre conversation.
I hate that our solution to the modern Internet is to engage in technical warfare just to make it usable.
To me it counts as a trope and the guidelines ask as to avoid posting Internet tropes, for the very reason that they’re more likely to el...
The New Delhi judge however went further, ordering sweeping new measures that tech experts say have rewritten rules of internet governanc...
Social media itself was the beginning of the end.
Not quite, but sort of.
Not quite, but sort of. First, I don't think the transaction costs are hidden at all. But that aside, the transaction costs are exactly where they belong: with the miners. Effectively, all the transaction costs up front and applied once. The problem with existing financial transactions is that they take a cut every time a transaction is made. In fact, they take little cuts every time a transaction passes through their system/network/etc. Start with one dollar and send it through enough "transactions" and you end up with nothing. Bitcoin effectively solves this problem. No middle-man scum sitting between a financial transaction ever "adds value" (how a I hate that term). They just leech off the capital of the people. This is why I want bitcoin to succeed. (Ended up a bit ranty there at the end. Sorry.)
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