i don't know what photon is but here's a 5.7k transaction on the highest priority with 31 cents worth of transaction fee, 1% is way off the mark
you really are ignorant. blackrock and fidelity opm billions are on bitcoin spot etf's, nothing to do with the smart contract apps... unless your comment was to conflate and confuse others
the whole “greater fool” thing is the laziest of all lazy arguments. No way to prove it. No way to disprove it. Also everything you own you eventually want to sell to somebody at a higher price right? So everything is a greater fool by the logic.
a credit friend is issuing middle market private credit facilities on one of the blockchain, can’t pass the blue sky rules. he could have otherwise do it via ib. he treats as a digital platform with different clienteles.
bitcoin has 70% annualized volatility and has declined over 80% five times. Nobody in the right mind would think that is free money.
well your "friend" is much smarter than you try to convince him to give you a breakdown of how this >$3 Trillion global decentralized monetary financial system functions 24/7, no holidays, with near instant final settlement, no circuit breakers, no unfair counterparty risks (i.e. LME reversed trades) cross border, global, transactions, with the cheapest friction costs,, automated, Maybe you'll understand that it's more than just toll or some simpleton idea
Since you are a Bitcoin acolyte you should know where most of that volatility comes from, then you would understand what I mean. https://research.aimultiple.com/tether/