In defense of cryptocurrency

Re:In defense of cryptocurrency by s1k3s on Thursday June 09, 2022 @02:26PM (#31684956)

Off topic but I’m really curious, why are these taxes a percentage? What justifies paying $0.1 for every $10 transfer, but $1 for $100? Is it more complicated to move $100 than it is to move $10? In the end it’s still a single transaction, right?

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Re:In defense of cryptocurrency by matkoniecz on Thursday June 09, 2022 @02:33PM (#31685044)

Form of price discrimination?

Charging the same price for 1$ and 1000$ transaction would either make 1$ transaction not viable (BTC/ETH is doing this) or would be overall less profitable.

https://en.wikipedia.org/wiki/Price_discrimination

Also, insuring against fraud is actually more expensive for more expensive transactions. And CC provide some minimal service here.

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Re:In defense of cryptocurrency by s1k3s on Thursday June 09, 2022 @02:40PM (#31685142)

I was not aware of that concept, thanks!

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Re:In defense of cryptocurrency by matkoniecz on Thursday June 09, 2022 @02:44PM (#31685184)

You may enjoy https://www.joelonsoftware.com/2004/12/15/camels-and-rubber-... and https://www.joelonsoftware.com/2002/06/12/strategy-letter-v/ - about this kind of economic strategies/effects explaining few hings which seem mysterious otherwise

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