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by lxgr 1919 days ago
> 0% fee

> Uniswap pair

With current gas prices, this unfortunately seems like a contradiction.

2 comments

Blockchain fees are always there. However, there are solutions - such as NEAR (near.org) who reduce them. They claim to have "10K x lower cost per transaction than Ethereum" Regular client wouldn't feel those.
Gas prices are a given so generally aren't listed as a fee since it's intrinsic to the network.
Can you imagine if your bank charged you to write a check?

I don't understand how people are okay with gas prices being a given.

Because gas is like the cost of the paper. I wouldn't want my bank selling a fancier cheque just to charge more, but I do expect to cover the costs of the necessary anti-fraud features, etc. Similar to the cost of the code to verify the transaction.

But yes, it should be lower where possible. Both by code optimization and blockchain/architecture choices.

When my bank says they're sending me a new checkbook for free, I definitely do not expect to pay the price of the paper or anti-fraud features. Do you?
Yes, I don't have free checking anymore so the last book of 50 I got years ago, for weird one-off situations, cost me $5.
"When my bank says ... for free..." is what I wrote
> Can you imagine if your bank charged you to write a check?

My bank charges me to use an ATM, and to send international transfers, so it doesn't take a lot of imagination.

Network fees for blockchain are the equivalence of taxes. People aren't okay with taxes, but they're the price you need to pay to participate in the financial system.