Terence Eden on Nostr: I have a sincere question about #Ethereum. Why does it cost money to transfer money? ...
I have a sincere question about #Ethereum.
Why does it cost money to transfer money?
Someone sent me about US$50 worth of ETH. In order to transfer it from one of my wallets to another, I had to pay a gas fee of a few ¢.
Why is this a good thing?
Last week I transfered literally thousands of £ between my bank accounts and I didn't pay anything.
(I'm interested in genuine answers. Please don't bother replying if you're a #crypto sceptic. I actually want answers, not snark.)
Why does it cost money to transfer money?
Someone sent me about US$50 worth of ETH. In order to transfer it from one of my wallets to another, I had to pay a gas fee of a few ¢.
Why is this a good thing?
Last week I transfered literally thousands of £ between my bank accounts and I didn't pay anything.
(I'm interested in genuine answers. Please don't bother replying if you're a #crypto sceptic. I actually want answers, not snark.)