5$ transfer fee between bank accounts

[fonenumba]

The reason why you were charged a fee for withdrawing from your savings account was most likely because you had made too many withdrawals in the current cycle (I believe you are limited to 3 withdrawals per cycle). Once you exceed the limit, banking regulations make banks treat balances in savings accounts differently, banks need to keep various amounts of cash on hand and cash in the federal reserve based on what kind of account your money is in (time deposits, savings, and checking), and if money is being withdrawn from savings accounts too frequently then it cannot be classified as a savings account for capital requirements purposes. As a result banks discourage people from making too many withdrawals from savings accounts.

You can avoid these fees in the future by leaving money in your checking account until you know you will not need it for a while, my keeping enough money in the bank so that the bank is willing to waive the fee........or use bitcoin

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[1715588182]

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[fonenumba]

To be fair bitcoin does work somewhat in the same way, although it is much less exaggerated. Transactions with more bitcoin days destroyed generally will receive a higher priority by the miners and most miners will accept less of a tx fee with more bitcoin days destroyed

[Q7]

The good news is that more and more bitcoin friendly merchants are considering paying wages with bitcoin, some of them have done that! There are some startups who are offering payroll service in bitcoin!

if they paid with bitcoin? how when the price falls far?

If everything is priced in bitcoin, basically there is very little to worry about. I mean we haven't reach that stage yet but soon, one day, it will be possible that even single stuff like normal essential items that you could use daily and foods can all be paid in bitcoin. right now, probably the bitcoin earners are keeping a large portion of their bitcoin salary as investment and another portion, slowly convert to fiat to buy essential stuff.

[fonenumba]

The good news is that more and more bitcoin friendly merchants are considering paying wages with bitcoin, some of them have done that! There are some startups who are offering payroll service in bitcoin!

if they paid with bitcoin? how when the price falls far?

If everything is priced in bitcoin, basically there is very little to worry about. I mean we haven't reach that stage yet but soon, one day, it will be possible that even single stuff like normal essential items that you could use daily and foods can all be paid in bitcoin. right now, probably the bitcoin earners are keeping a large portion of their bitcoin salary as investment and another portion, slowly convert to fiat to buy essential stuff.

It would still be possible to experience inflation (as we have experienced as the USD price of bitcoin has fallen) when everything is priced in terms of bitcoin