[runeks]

> Verifying transactions is done by the users themselves with iota [...]

Unless the cost of verifying transactions is zero, this just means that the cost is now measured in CPU cycles at the client. In the end, this may be higher than whatever you pay with Bitcoin, depending on how much work you need to do. This is what I mean by "making fees implicit" - there's still work to be done, but not putting a price on this work doesn't mean it's free.