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1  Other / Politics & Society / Re: The very fundamental of wealth, jealousy, how can we abuse this human behaviour? on: February 14, 2021, 01:13:35 PM
fertility is not wealth in 6/8ths of the world
independence is wealth as it free's people to pursue business and leisure without being handcuffed to parental responsibility.

yes in some countries 2/8ths of the world, they promote females reaching a certain fertility 'coming of age' as becoming adult and worthy of seeking a husband. whereby being fertile is one of the main categories that draw men in as a feature men want in a wife.

but that is a societal stereotype that came from cultures that used a females fertility as ways parents get paid a higher dowry when selling their daughter in arranged marriages.
this culture is dying out. so fertility=more money is becoming less recognised.
and this dowry stereotype of fertility=wealth, only lasts for as long as the parents of the bride have time to spend that money. thus its temporary enrichment not 'wealth'
you cant keep remarrying your daughter out to new men each time the dowry runs out. thus not wealth

to completely make this 'fertility=wealth' assumption obsolete is simple:
making it unlawful to arrange marriage.
make it illegal to have dowrys
promote the benefits of independent life

as for the jealous that existing parents advertise as the happiest they ever been to those without kids
again simple:
promote the happiness of independence
point out the flaws of fertility/parenting
point out its better to explore the world than to explore a diaper mess
point out the gains of the freedoms parenting does not provide

You suppose infertile but freedom are being more jealousy among general consensus? I take that 6/8 of women are giving up on giving birth by default, since having money rich among peer would have make them more jealousy and more charming, thatís quite twisted. Btw is it how people abuse the jealousy to a point that create a self actualisation or they called it new life achievement unlocked.
2  Other / Politics & Society / Re: The very fundamental of wealth, jealousy, how can we abuse this human behaviour? on: February 14, 2021, 10:06:46 AM
jealousy is about advertising the benefits of a thing the other person does not have

to incite jealousy. pick the topic. then find the pro's and cons. and highlight the pro's and find ways to word the cons as a pro too.
ofcourse add in the negatives of the opposition to truly highlight the benefits of your category

like fertility jealousy. i could flip that
aww you have periods. my wife hasnt had a period for years and we never argue
aww you have kids. must be tough. cant do much if your babysitting all day.
aww i could never have been successful if i had to worry about kids
the money i saved not having to feed, clothe, college fund snot dribblers afforded me this lambo

making having kids sound bad can flip the jealousy to make being childless seem better
thus making parents jealous of independent adults


Yes, the explaination is pretty clear, jealousy are already exposed to everybody since theyíre still a school kid, kids jealousy each other for their haveís and havenít,  adult jealousy goes for a longer extend, wealth jealousy, social status jealousy, education jealousy, language jealousy, gaming skill jealousy(?), religious jealousy, even election is full of jealousy, investment jealousy...

Btw in the context of counter measure jealousy, not all jealousy are equal, some jealousy can be more effective than the other, you can say infertile women can adopt a orphan and they can have kid again, but is it really more effective on inciting stronger jealousy? The general consensus being fertile women are a level higher on wealth status, Iím sure use words and influence, narratives, rules, money etc can manipulate the possible result, anyway, back to topic.

How to abuse this jealousy to itís full potent? Of course for both good and bad.
3  Other / Politics & Society / Re: The very fundamental of wealth, jealousy, how can we abuse this human behaviour? on: February 14, 2021, 07:43:56 AM


Rich men induce jealousy with money, poor men get jealous.


There are two types of jealousy, the good type of jealousy that motivates and gingers you to want to do better and  the bad type that is full of ills, sadness at another's success and bad wishes. Though it might not be in the intention of anyone to spore up jealousy, it is a human trait that is inherent. It now becomes the decision of the individual to choose his own jealousy. Even the bible describes God as a "jealous God", it is not being jealous that is bad, it is the type of jealousy that you choose to have that will decide if you are good or bad.

I donít believe in gods, Iím just an atheist wannabe, but I would like to abuse this jealousy in a modular method, slowly build it up over time instead of sprouting large amount of jealousy at one time, I want to abuse this jealousy in a community method, just one person of jealousy is very weak, jealousy in a community would be very powerful, it can even defeat a single jealousy inducing person, but I donít mind who will abuse this jealousy for the better good or for the greater evil, I want to use it to itís full potent, jealousy is very prominent behaviour, we couldnít just ignore it.
4  Other / Politics & Society / The very fundamental of wealth, jealousy, how can we abuse this human behaviour? on: February 14, 2021, 05:59:40 AM
The very fundamental of wealth, jealousy, how can we abuse this human behaviour?

Rich men induce jealousy with money, poor men get jealous.

The very same can be found in women, rich women, women define fertility as wealth, they think fertility is above wealth, rich fertile women induce jealous on poor infertile women, by shaming them they have money but canít have kids, they despite having no money but their kids are wealth that can harvest interests.

How to abuse this jealousy?
5  Bitcoin / Bitcoin Discussion / Re: Morgan Stanley May Bet on Bitcoin in $150 Billion Investment Arm on: February 13, 2021, 05:37:34 PM
This are the guy who criticise bitcoin every bull cycle, so the guy does fud before they get their feet wet.
6  Economy / Economics / Re: Need of the Hour : Tackle Joblessness on: February 13, 2021, 01:18:47 PM
Getting a job today wouldnít pay you well, your better chance to survive by having absolutely no job, my first job have been negative yield since the day one, and Iím quiting my job to never look back because my job canít buy me food, check this out a YouTube video I found, the author are salty about being an engineer in Germany and get paid 5000 pound and having absolutely no saving, and he need to save money on food and resort to eat spaghettis for his daily meal, having no personal car but need to depend on public shuttles to get to office, what a shitty job he is having!

watch?v=ZFA5Rax0ypU
7  Economy / Economics / Re: Richest people getting ready for economic crash on: February 13, 2021, 01:11:09 PM
It is impossible, when the economic crash, only the poor get screwed, there isnít an economics crisis for the elite, theyíre telling all of you poor people your time is up, for ehem... you know that theyíre ready to screw your life.
8  Economy / Economics / Re: In crypto everybody pay high tx fee, no matter rich or poor people on: February 13, 2021, 12:54:42 PM
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If you own 1000 ETH, you pay 10 ETH in fee for fast speed transaction, if you own 100 ETH you pay 1 ETH fee, if you own 10 ETH you pay 0.1 ETH.

In stock market, poor people pay the highest trading fee, where rich people pay low trading fee, 401k probably paid zero trading fee because they own the brokering market, yup, stock market benefit rich people and punish poor people on trading fee alone.


Transaction fee depends on what platform you are going to use. There are platforms that has fixed transaction fee and there are also platforms that are basing your tf on bitcoin's current price value and the amount you are going to process. I think there's no specific percentage on ETH as well. You can adjust the transaction fee depending on the wallet you are using, but always keep in mind that too much low transaction fee can lead to slow and even unprocessed transactions.

In my experience, those platforms that has fixed tf process much faster than those of that you can adjust. The miners prioritized the transactions of those who paid higher. In simpler manner, you can refer to those who pay higher tf as VIP's. The higher the tf, the faster the speed of transactions to be processed.

Regarding stock market, there's no use to compare it to bitcoin since we know for a fact that stocks are centralized and are regulated by the government (especifically SEC) while bitcoin is decentralize in nature. There are brokers in stock market which has to be paid by the investors while in cryptocurrency, there are only wallets and networks.

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Do you think itís fine to compare with gold? Buying gold has always associated with large transaction fee, paper gold for instance are charged high fee for both bid or ask, paper silver are charged even higher transaction fee for the reason itís highly volatile, 20% trading fee for silver trading alone, for clarify, yup if you buy 100 ounces silver you gonna pay 20%, if you buy 10 ounces itís 20%, or 1 ounce itís 20%, it doesnít matter rich or poor people who buy gold/silver they all pay the high transaction fee.

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The only transactions that are higher these days are the ones in the defi platform. It's definitely high there than sending tokens to another wallet. It wouldn't be worth if you are making transactions on Uni while you only have few amounts. This is only for ETH though.

Making transactions using other tokens like BTC or Tron, ain't that high though. There are ways to make it cheaper, it's not so lengthy process but does the job as long as the person you make a transaction with allows it.

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Yup, they can be cheaper when doing it in a dodgy fashion, but the risk of getting scammed is also much higher, itís always the trick used by con man to lure victims to their cheap bitcoin, as good as send the coin and get double in return. Iím sure tron are associated with scam too, some people have their fund locked on the tron network, and they canít do anything.

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9  Economy / Economics / Re: Strong kyc reason on: February 13, 2021, 03:16:18 AM
This kyc is introduced in 2017, and itís getting stronger these day, from non compulsory to compulsory, from custodial exchange to p2p, from new user sign up to everybody include existing user, from new depositing fund to every crypto balance, from usdt to every ICO to every coins, ridiculous, theyíre trying to lure big whales to hunt them down one by one, and keep them in prison just like John McAfee and Assange Julian, many young bitcoin whales would go to prison too, wait for your turn.
10  Economy / Economics / Re: I wamt to know everybody know that collapse amd finamcial crash coming on: February 12, 2021, 10:12:28 PM
Financial crisis is horrible, it change a lot of living, food price getting severely unaffordable, rich get too rich theyíre no longer human like, the powerful become so powerful theyíre no longer human like, the rest of the plebs are also getting to bad that theyíre no longer human like, the aftermath of the crisis is everybody become zombie, human life is worthless, working for money is above everything.
11  Bitcoin / Bitcoin Discussion / Re: The day I entered the bitcoin market.... on: February 12, 2021, 09:46:06 PM
Bitcoin is always been good, whether I loss some money or earn some money I would come back to bitcoin, although our life is tough, but bitcoin has been the great life saviour to many people.
12  Economy / Economics / Re: In crypto everybody pay high tx fee, no matter rich or poor people on: February 12, 2021, 09:17:43 PM

In stock market, poor people pay the highest trading fee, where rich people pay low trading fee,

This is rather a confusing statement and reading post here, I think any others are confused too. From that above about stock market, how will both rich and poor not pay same fees in their transaction or stock market dealings? Are you not talking of shares because that is where I'm taking it from. A companies share for instance is priced at same price for rich and poor , so the fees for or charge ain't the same you mean? to pay for the broker? I think it should not have any difference except you explain more what you mean.

Yup, Iím totally fine to make it to laymen terms, the reason ETF is found, is all due to individual investor having to pay high trading fee on their small stake purchase, many small retail investors are resorting to ETF, to get indirect exposure on stock market, but it create another problem, there is small ETF and big ETF on the market, we are looking at big ETF beating small ETF, since big ETF has more fund they could get better trading fee advantage, big retail trader are rushing to big ETF and big ETF are blocking small retail to get into the big ETF, it create all sort of problem, only the rich can get better deal, but in the crypto, I donít think it make much difference whether it is big or small.
13  Economy / Economics / Re: In crypto everybody pay high tx fee, no matter rich or poor people on: February 12, 2021, 08:58:33 PM
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If your comparisons are talking about the fairness that the crypto market versus the stock market.  Yes, with an anonymous, uniform and fair distribution for all owners wanting to buy or transfer.  There is no other disadvantage between holders or traders.  It all depends on how fast or slow it is.  Roughly, you have to pay a higher fee for a fast transfer.  It still bears a bit of an imprint like internet banking apps for fiat transfers.

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There is no doubt about it, transaction fee are tied to the trader consent, in reality, many people depend on the custodian exchange or p2p to trade their crypto, where they doesnít have much choice but to pay high fee, there is no doubt some of them going for OTC to get a lot of bitcoin, and they would want their bitcoin fast too, all of them will pay high tx fee, there is simply very few instance for people to pay low tx fee, if you transfer your crypto to your own wallet then yup you would prefer lower fee, what if you want to sell it to another trader? The only answer is as fast as possible, nobody want to wait to buy and sell it.

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Back in the day fees were much much lower because fewer people were using Bitcoin. Transaction fees were a handful of sats, regardless of whether you sent 0.1 BTC or 10,000 BTC. That's possible even today, when you manage to catch a calm day or are patient enough.

Being "rich" or "poor" has nothing to do with it: The cost of a transaction is only depending on the amount of inputs, rather than the monetary value. If you have a lot of inputs because you got your coins from faucets for example, sending 0.1 BTC may be much more expensive than sending 10,000 BTC if the latter has been consolidated into a single input.

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That is very fortunate bitcoin mining has been profitable or barely above the mining cost for all these while, I canít imagine miners would still be profitable to mine at 0.001% tx fee or even much lower fee, but the block reward was good that might off set the low tx fee reward. Yup the tx fee is not based on percentage, but trader has the need to fast speed transaction, when you sell your coin to another trader they would want it as fast as possible or they would quickly reject the trade or make dispute.

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ETH fees don't work like that, although I get your point. But I think stock market trading fees have been restructured several times already in favor of those traders that aren't big enough just yet. Here in my country, they get 0.05-0.1% trade fees 0er successful trade, and the giant dudes aren't exempted from that. As for crypto, by default, users would pay almost the same amount of fees at a given time. Then again, the flexibility of fees in crypto makes it so that a user can choose to pay more or less in feea which, stock market trading fees don't have.

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This is nice you can get the point,  I talk to some of my friends, they all agree trading fee on stock market is very expensive for small trader like them, they all resort to ETF where they could democratise the trading fee, of course big fund and big whales does have advantages over retail traders on stock market. I would say the same for tax benefit too, low income people paid the highest taxes while the rich pay nearly no taxes.

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Yeah that person has no idea how the fee works at all, by that logic some people who want to send 1 billion dollars worth in ETH would have to end up paying 10 million dollars in ETH fee and thats not true at all. Of course how big your transaction is does have to do with fee a bit, not a lot and only a small portion because you are moving a more of it than compared to what would be otherwise, but it is like maybe 3-4 dollar difference at most.

So, let's say you want to move 100 dollars worth of ETH and it is 50 dollars (unfortunately), when you want to move 1 million dollars it is still 55 at most maybe 60 since time changed but that's it, it is not going to be huge difference, same for 100 bucks to 1 million and same for 100 bucks to a billion, it is just doesn't change at all. Stock market and crypto are nothing alike but people who do not know how things work will keep on writing these things to create misinformation.

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Itís totally fine, I would accept any criticism, I would thank you if you can point out my errors.

On your quote Of course how big your transaction is does have to do with fee a bit, not a lot and only a small portion because you are moving a more of it than compared to what would be otherwise, but it is like maybe 3-4 dollar difference at most.

That doesnít sound very possible when youíre trying to trade your coins to another traders, when you use p2p exchange or you use any custodian exchange, the fee will be varies a lot, the more you trade the higher the fee, trading 1000 ETH definitely would incur higher tx fee, Iím sure it would be the same on OTC too.

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14  Economy / Economics / Re: Are institutions hedging? on: February 12, 2021, 07:43:12 PM
Institution are just in for the profit, they donít have much choice since they have too much cash on their books, and with interest rate hitting record low, theyíre running out of options, they need to move their money else where, it just happen they come over to the crypto due to itís easier to access, the central bank decision to severe the interest rate is what force everybody to INVEST their money but not to save it for raining day, although there is just a fraction of institutions get into bitcoin, and they invested less than 10% of their total wealth, a large fraction of institutions are on the sideline watching and take no position.
15  Economy / Economics / Re: In crypto everybody pay high tx fee, no matter rich or poor people on: February 12, 2021, 05:04:15 PM
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Cryptos are decentralized, meaning, taxations are not implemented in every transactions. Governments has no control to most of the cryptos. There are indeed fees in this technology but those fees are only observable when making a trade or by transferring crypto to USD or by simply selling it. It also varies depending on the exchanger or the third party network (in some cases). And such thing is just a normal thing unlike with taxations in fiat wherein governments are the one who are in charge of the taxes garnered from every person. And I think this simply shows the difference  of the two currencies ; fiat and cryptos.

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The transaction fee is very high for everybody, no rich people could get low transaction price privilege on crypto, nor poor people, yup theyíre all equal. I donít think the rich people can find any loophole on the transaction fee and take advantage of them just like how they did on stock market.

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I never thought that transaction fee has been percentage based because it never is. Transaction fee  may be higher if you're transacting higher amount but it has never been a percentage basis on the amount of you'd like to transact.
If you even do that, most likely it'll send in an instant but it'll also be the same if you transact with enough eth fee for a high speed transaction. Also, fee for Ethereum is depends on gas rate which can be set to high, med, or low depending on how fast you want your transaction.
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Transaction fee is never percentage based, it can be as low as 1 gwei gas price. But you know itís crypto market, nobody would follow the rules, they would break any rule just to win, yet they couldnít break the rule ďeverybody gonna pay high transaction feeĒ, everybody want it fast.

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I will agree with this because if we withdraw it in one transaction, the exchange will check your account before they allow the transaction continues. I think the exchange already has their fee, and even if you want to send 1000 eth, I think the fee will not change, but I do not know for sure. Maybe if I want to withdraw that amount, I will tell you. But if you use another wallet, maybe the fee will be adjusted to the network transaction fee before you can withdraw your ethereum.

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Big exchanger wouldnít risk to send 1000 ETH on one transaction too, they know what theyíre doing, yup, send them small and frequently, many exchange impose very strict daily transfer limits.

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16  Economy / Economics / Re: In crypto everybody pay high tx fee, no matter rich or poor people on: February 12, 2021, 04:24:39 PM
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You are aware of those neo-broker apps such as Robinhood? Now after what happened with GameStop and other meme stocks I wouldn't touch them with a 10ft pole but they do not charge any trading fees. Granted they make money by selling your order flow (true to the old adage "if you're not the customer, you're the product"), but it shows that your statement is not remotely true these days. Trading fees used to be incredibly high and opaque, but over the last few years they've become increasingly transparent and cheap, even without resorting to a broker that treats you as livestock.

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On the early day of bitcoin, itís usual for people to send 1000 bitcoin and pay 10 bitcoin in tx fee? This is how miner have the incentive to mine the bitcoin, if people were paying 0.1 bitcoin/0.01 btc to send 1000 bitcoin, I think all miner would have been quit the mining.

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You got this totally wrong buddy, and we don't have to pay same transactions fee for sending coins but we can adjust them manually.
However, research has shown that most people just use default fees for transaction and they mostly pay more than it's needed especially in bitcoin network, that is just making miners more happy.
Your math is also wrong and transaction fee can be the same no mater if you are sending 1000, 100, 10, 1 or 0.1 bitcoins, but you are right that stock market is more oriented for rich folks unlike crypto market.


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Youíre not wrong you can set the gas price to 1 gwei price, it would still work, but nobody gonna do that, everybody want it fast, everybody rush to pay the highest price to send faster. Whether youíre rich or poor people, you gonna pay the same high price, rich people most likely going to pay the highest price on fee alone.

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Transaction fee are not a percentage of the total asset we own. Everyone can control how much they want to transact. High and low fee will only affect your transaction speed and all of these are option. There is no difference between rich or poor in crypto, but for anyone willing to pay high fee, transaction take priority. Blockchain has been fair for everyone and even for small transaction. But in the case of ethereum today, it would be difficult to broadcast transaction if we didn't have enough fee. 100 GWEI is the current fee standard. But if you have enough time to wait for the process, then go for a lower fee than today's standard fee.

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The 100 gwei fee isnít remotely true, Iím not sure how to calculate the real transaction fee on DeFi market, they could be very high, some people are reporting they pay extreme fee on gas, a few hundreds worth of transaction fees alone. Itís always the concern on the crypto, ó> high transaction fee.

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Interesting.

Fees in crypto world is supposed to be fairer than stock market.

Anyway, I guess the Ethereum fee model is based on about 0.01% fee per eth transaction? . If fees really cost that much, that would mean the fee for transferring the 1000 ETH is about $17,500.

Well, one of the reasons for the invention of Bitcoin/crypto is cut out the middle men in order to help make fee cheaper than traditional banks.. .And the fee market is supposed to be competitive.   Been abit long i transacted on Ethereum, so I don't really know how the fee really works now. I imagine it will be possible to adjust the fee percentage to maybe down to about 0.0001% and you still get a reasonablly fast transaction. Hope that is possible. It should be.

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I hope youíre right on your take on ďlower transaction feeĒ, itís no longer true today, high transaction fee has always been a concern on crypto, although you can adjust the gas price to whatever value you want, or whatever satoshi on bitcoin, you can even send 1000 bitcoin with one satoshi on transaction fee, but nobody gonna do that?

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17  Economy / Economics / Re: In crypto everybody pay high tx fee, no matter rich or poor people on: February 12, 2021, 04:05:32 PM
If you own 1000 ETH, you pay 10 ETH in fee for fast speed transaction, if you own 100 ETH you pay 1 ETH fee, if you own 10 ETH you pay 0.1 ETH.

In stock market, poor people pay the highest trading fee, where rich people pay low trading fee, 401k probably paid zero trading fee because they own the brokering market, yup, stock market benefit rich people and punish poor people on trading fee alone.

I do not know about stock market, but i know well enough to be sure that etherum or blockchain transaction fees does not work the way you have explained them. You deciding to use the fastest gwei for transaction does not mean i would do the same; i can opt to wait until later when the fees are low before doing any transaction which betrays the ideology you have detailed.

The best way to put this is that; in crypto there are no discrimination; people pay transaction charges either rich or poor unlike stock market.
Thats it, i fixed it for you
I would say if you have 1000 ETH, you wouldnít send it all in one transaction, you would send it say 5 ETH at a time, to make sure you do not send it wrong, yup you would still pay the high fee no matter how you want to do. Iím sure sending 1000 ETH is gonna be cost a lot of money.
18  Economy / Economics / Re: In crypto everybody pay high tx fee, no matter rich or poor people on: February 12, 2021, 12:08:26 PM
If you own 1000 ETH, you pay 10 ETH in fee for fast speed transaction, if you own 100 ETH you pay 1 ETH fee, if you own 10 ETH you pay 0.1 ETH.

In stock market, poor people pay the highest trading fee, where rich people pay low trading fee, 401k probably paid zero trading fee because they own the brokering market, yup, stock market benefit rich people and punish poor people on trading fee alone.

Lol! Since when ETH transaction fees are fixed on a percentage? It entirely depends on the network. So there's no guarantee that everyone is paying same fees! You can indeed set a manual fee for your transaction. But if the fee is too low the transaction may not get confirmed.

Also it is not correct to compare a regulated stock market with a decentralized digital currency system. In stock market, brokers act as a middleman and they decide the fees dor each one of us! In ETH, no one other than the network controls the transactions and fees! The miners can't have manual preferences! These are the basics bro!

In addition, brokerage in stock market is a big mess. Poor broker get to pay high fee, rich broker get to pay very low fee, (yup brokers are not all identical, some are rich broker some are poor broker) in trading, poor trader pay high trading fee, rich trader pay very low fee. In stock market poor fund pay high fee, rich fund pay low fee. In crypto, miner all get the same pay, tx fee is same across to all traders too, itís the communism in crypto market.
19  Economy / Economics / Re: In crypto everybody pay high tx fee, no matter rich or poor people on: February 12, 2021, 11:27:52 AM
If you own 1000 ETH, you pay 10 ETH in fee for fast speed transaction, if you own 100 ETH you pay 1 ETH fee, if you own 10 ETH you pay 0.1 ETH.

This is false.

Ethereum transactions fees are not a % of your transaction.

The user set the Gas Price according to his needs (fastest, fast or slow).

I made a brief guide how on how transaction fees work in ethereum:
Paying low fees in Ethereum - Gas Limit, Gas Price and Gwei

If you are sending 1000, 100 or 0.1 Eth the fee is the same.

Yup you can, set very low fee, and make the title sound like this ďin crypto everybody pay low tx fee, no matter rich or poor peopleĒ. Btw at this price of crypto, everybody could only pay higher price, of course at least 10x more than one year ago in trading fee alone, price was low year ago.
20  Economy / Economics / In crypto everybody pay high tx fee, no matter rich or poor people on: February 12, 2021, 11:07:33 AM
If you own 1000 ETH, you pay 10 ETH in fee for fast speed transaction, if you own 100 ETH you pay 1 ETH fee, if you own 10 ETH you pay 0.1 ETH.

In stock market, poor people pay the highest trading fee, where rich people pay low trading fee, 401k probably paid zero trading fee because they own the brokering market, yup, stock market benefit rich people and punish poor people on trading fee alone.
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