Your best response to the following FUD?
“There's a problem that crypto didn't solve and that's the idea that you have to pay for your transactions. In an ideal currency you shouldn't have to pay money to spend money.”
Discussion
hfsp 😂
You're either paying a known, visible transaction fee, or you're paying a hidden, unknown transaction fee.
Either way, you pay. Nothing moves for free.
There is always a cost to use a money. There are costs to store it, move it, create it.
Just because you can't see the cost to use a dollar doesn't mean that it isn't there or that it isn't significantly higher than a Bitcoin transaction fee. And it is.
Welp, haven't heard that one before!
My response would be - Moving the money is a service, and it has a service overhead. The person doing the service for you deserves to be able to profit for doing so. Why should someone else bear the cost of sending your transaction for you? You pay others for many other types of goods and services, why not financial services?
In Bitcoin specifically you're paying a miner to include your data in a block - There's only a up to 4 MB block about every 10 min, so this bandwidth is very limited. Limited means expensive, go figure.
Their argument is null. Fiat usage is filled with fees at every level.