A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without the burdens of going through a financial institution.
Yet, this is not how BTC operates.
Nodes and not users, IP to IP is not IP to Pool.
The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions...
Are £30 to £50 fees suitable for "Small Casual Transactions"...???
Or, has BTC created a system where the increases in transaction costs limit the minimum practical transaction size???
CSW
Jan 13, 2024
https://twitter.com/Dr_CSWright/status/1746154637277663740?t=M2xhNfQR2gqrS49G8B-2lQ&s=19
Yet, this is not how BTC operates.
Nodes and not users, IP to IP is not IP to Pool.
The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions...
Are £30 to £50 fees suitable for "Small Casual Transactions"...???
Or, has BTC created a system where the increases in transaction costs limit the minimum practical transaction size???
CSW
Jan 13, 2024
https://twitter.com/Dr_CSWright/status/1746154637277663740?t=M2xhNfQR2gqrS49G8B-2lQ&s=19
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