RE: The elephant in the Bitcoin room. Please read till the end :)

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The elephant in the Bitcoin room. Please read till the end :)

in cryptocurrency •  7 years ago  (edited)

It's a fair point, but regardless, any crypto with a nominal fee instead of % has a huge flaw, as it can grow beyond mainstream transaction budget easily.
Trying to make the nominal transaction fee smaller is a huge hit to all the miners, and another step backwards into the problem. Anything that has value and is transact-able should be calculated in %. IT just scales, and it's how society works. We have not reached so far by taxing nominally.
Everything else is a trap in the long run imho.

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