Re:Zcash begins
by FireBeyond on Friday October 28, 2016 @07:52PM
(#12821757)
Not the same since it's on the mining, not the transactions, but here we have the founders taking 20% of the value of the network for the first four years. That's a decent overhead, too.
Something more comparable to Bitcoin than regular banking would be Western Union; they make 5 billion dollars a year in revenue transferring money. And they charge vastly higher rates than the Bitcoin network does, charging in the 5-10% range for for transactions, which is a pretty hefty overhead.