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A comment on Vitalik escalates ETH 2.0 merge as miners plan a 51% attack. Parent comment

Re:Vitalik escalates ETH 2.0 merge as miners plan a 51% attack by willis936 on Saturday March 13, 2021 @08:23AM (#26446369)
IRS has entered the chat.

Also, transaction fees seem pretty high. Maybe I’ve just been spoiled by cheap insecure transactions.

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Re:Vitalik escalates ETH 2.0 merge as miners plan a 51% attack by herbst on Monday March 15, 2021 @04:48AM (#26463770)
Transaction fees for sums above lets say $500 are way cheaper than most banking fees especially assuming different currencies. Even more when we compare to western union or even paypal

Let me give you a real world example. You buy something for $10. Then ethereums $5 fee sounds crazy compared to 3% or so for creditcard or paypal. However transfer $1000 and those 5$ suddenly sound a lot better than the 30$ the creditcard or paypal charges.

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