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RE: This is the start of the "Race to the Bottom"!
fee-less trading is going to be the order of the day soon
Is fee-less trading even possible?
In order to run a transaction, most cryptocurrencies require a mining fee to be paid. I certainly think we can expect significantly lower fees, but fee-less might be a bit of a stretch - At least with BitCoin, Ethereum, and the other main cryptos that are currently in existence. They rely on mining fees as incentive for the miners to operate the network. Without that, how will the network run?
They stated that they "hope to break even" on the initiative, so perhaps their charged premium service plus the interest they may charge on tokens held on their exchange might be enough to cover those mining fees.
Well, I understand you perfectly. But then was it really possible 5 years for an individual to print his / her money and give it out to people and yet his money never depletes. No, that is impossible. But then, is that not what the steem blockchain is all about.
I am all for the future. Now, money can be printed via crypto, the next stage is how to send that money without having to pay. One more time, that is what the steem blockchain has achieved by giving incentives to the miners in a different way.
When it comes to innovation, you don't look at
what is, you look atwhat should be.For instance, Facebook serves us ad but in the real sense, some of these ads are suggestions that we need, they get paid for that and we get value for that but guess what, the advertisers pay for the value we get because it is a joint value.
Nothing is impossible! Nothing! before satochi did this whole thing, zero double spending was a myth. right?