Crypto Transaction Fees
The cluster centers on debates about the high costs and impact of transaction fees in cryptocurrencies like Bitcoin and Ethereum, questioning their practicality for everyday use and comparing them to traditional payment fees.
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You seem to be missing the existence of transaction fees.
Honest question: how does any of that help with transaction fees?
Wouldn't that cost a huge amount in transaction fees, making the whole thing moot?
Coming from a Bitcoin world, 2.1% + 30cents fees sounds ridiculous!
It regularly costs 50-100+ USD to send a transaction with popular coins, how is that reducing fees for anyone?
You have to pay transaction fees to the miners.
The median fee in each block over the last while has been $0.03-0.06 - if you're paying 1 dollar you're doing something very wrong
I am not sure they are taking into account realistic transaction fees.
Lower transaction fees maybe? Like in the 0.x%.
This isn't a bug, it's the definition of how transaction fees work.