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But aren’t the current fees some nickel per transaction, e. g., if you pay with a credit card? Why are the fees so high currently? I do not think that the banks have such a high margin.
But aren’t the current fees some nickel per transaction, e. g., if you pay with a credit card? Why are the fees so high currently? I do not think that the banks have such a high margin.
The whole society always has to pay for transactions as they require work. You either pay with increased prices, by using other services from the banks that cost something or by leeching off of other people paying for the transaction system. The idea of the digital euro could be to decrease this work by introducing a more efficient system.
If you are not paying for Sync you are getting ads. So you are still paying (attention, data, you are the product).
Additionally proprietary software has some long term disadvantages that are not visible at first. This is why one needs to always inform people about it as they do not understand these disadvantages.
The biggest issue is that the owners of the proprietary code can change its course whenever they like it. See for example the Reddit Apollo Dev who would have sold out the community for 10 million dollars:
See his own published audio and the discussion on HN:
https://christianselig.com/apollo-end/reddit-third-call-may-31-end.m4a
Until your neighbours start burning wood