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by snejad123 1793 days ago
You are on YC's forum!

I suggest you learn how the price of a product or service changes based on regulation, cost of employees, the amount of money a business owes in loans, basic stuff!

More overhead adds to the cost.

A smart contract infrastructure will not have zero overhead, but it will be close to it. Much less than a centralized service provider.

There is no "middlemen" but more just one "middleman" which is the smart contract which each will have a different protocol and how they handle fees.

Some will use it to pay for API calls, others will use it to do some automated token buy-backs. Depends on the contract. And the beauty is, the contracts are all publicly available so you can read it before requesting to the service.

1 comments

The miners who charge fees to process transactions, are they not middlemen?

Centralized processors have infra costs, perhaps they have found a good price point already

You could also be more respectful if you are on HN

yes you are right, but still:

(staking fees && smart contract fees) <<< (overhead of running a multi-billion dollar corporation)

You're still missing a bunch of other skims off the top in crypto.

You are incorrect to make that logical jump since anything crypto is still very early stage and has yet to produce viable, long term business models

Note that hiring devs in crypto is more expensive than other industries, due to its bad rap. There is no amount of money that could get me to work in crypto