I was not aware of that concept, thanks!
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
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.