Re:Is Bitcoin Down or Just Me?
by rackjack on Saturday January 08, 2022 @04:19PM
(#29856398)
Silly question: what's the problem with fees? If you need other people to do work (process your transaction) for you, you should pay them, right?
[ Parent
| on HN ]
> In very basic, the computers you and the receiver own do the processing work for you. Think of it like you're the one mining your own transaction. Instead of fees there's tiny few seconds worth of extra power being used by your CPU
https://www.reddit.com/r/nanocurrency/comments/7z9pwk/what_m...
The real amount of work needed to process transactions is extremely minimal. Bitcoin and other proof-of-work coins adds unneeded work that is taxing to systems and therefore, the environment.