The suspected-bot buyer also paid very high "gas" fees - which determine how quickly the Ethereum network processes a transaction - of 8 ETH ($32,000), to ensure the sale went through almost instantly.

Imagine if money charged you $32k on a $3k purchase to process that sale "almost instantly". NFTs should be an opt-in card for organ donation.

  • BynarsAreOk [none/use name]
    ·
    3 years ago

    Crypto owners can trade among themselves and then eventually you use an exchange to convert it to real money. You can definitely try to ban all business from accepting crypto which means it is very hard for it to become mainstream, but it is much harder to stop crypto transactions over the internet because not every country will ban crypto, you could say it would be almost impossible to ban crypto worldwide.

    But in general yes the whole idea of decentralized currency is fundamentally at odds with a central government with the power to enforce(at whatever cost) a ban on crypto use within the real economy. Usualy they argue something something the internet but then that is conceding that the average person would never use crypto regularly.