As long as there are fees to use crypto it's not any better than fiat. We rent FERNs. If crypto replaces FERN then there's nothing to stop fees from escalating. Again, we're all fucked. Best thing is gold and silver, and a commodities backed and exchangeable currency, coined by the US Treasury, or whatever's left after the Great Fuckery.. No fees for exchanging goods and services.
Network fees are necessary to incentivize those who maintain and support the network. No fees means no network, which means no utility for the token. To say that fees make crypto no better than fiat is to similarly insist on "free" healthcare.
Healthcare isn't a means to exchange goods and services. Except by barter I suppose. If i want to use crypto and pay fees, fine. But I just want to use currency
As long as there are fees to use crypto it's not any better than fiat. We rent FERNs. If crypto replaces FERN then there's nothing to stop fees from escalating. Again, we're all fucked. Best thing is gold and silver, and a commodities backed and exchangeable currency, coined by the US Treasury, or whatever's left after the Great Fuckery.. No fees for exchanging goods and services.
Network fees are necessary to incentivize those who maintain and support the network. No fees means no network, which means no utility for the token. To say that fees make crypto no better than fiat is to similarly insist on "free" healthcare.
Healthcare isn't a means to exchange goods and services. Except by barter I suppose. If i want to use crypto and pay fees, fine. But I just want to use currency