Post
Topic
Board Beginners & Help
Re: How come austrian economists do not believe in bitcoin?
by
ThreeJay
on 09/04/2013, 14:52:43 UTC

I am speaking as a customer. When I want to send 1 cent by paypal, I pay 26 cents (1 for the transaction + 25 as fees).
When I want to pay something in a shop or a restaurant I pay the price + 0 fee. I don't care if the shop does not receive 100 % of it. If I had paid with cash that would have been the same price.
Paying 1 million time the amount you want to send as a customer is just far away from acceptable.

But as a customer you do pay the cost of the transaction after all...