The "What is Money?" Show cover image

WiM004 - The Saylor Series | Episode 4 | Bitcoin: The First Digital Monetary Energy Network

The "What is Money?" Show

CHAPTER

The Transaction Fees in the Bitcoin Network

It's much better to run a monetary network that has inviolable rules or one that incentivizes fair play versus a twisting of the rules, right? When rules are fixed, players are going to play the game to the best of their ability. But when rules are vindible or breakable, you're actually creating incentives to behave in a corruptive way or an exploitative way. And so I argue that crypto assets and so low-end transaction fees is just sort of ignorant of this fundamental truth that we need in a monetary network.

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