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April 24, 2013, 04:28:27 AM |
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I was reading a thread about the minimum transfer fee, and thought to myself that these fees are eventually what will sustain bitcoin. Now, these fees also, to some extent, make users less likely to spend their BTC.* Now, everyone knows that for an economy to grow, money has to be spent. This is essentially why fiat currency was originally created- to facilitate the spending of money. Thoughts?
*While this does make BTC users less likely to spend in small amounts, this may actually encourage them to lump payments together, or to spend in larger amounts. It is a balance, give and take.
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