Four Men Get Mouth Ulcers after Eating 30 Kg Oranges at Airport to Avoid Paying Extra Baggage Fee news18.com/news/buzz/four…
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πŸ“°︎ r/nottheonion
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πŸ‘€︎ u/zpoo32
πŸ“…︎ Jan 29 2021
🚨︎ report
AITA for getting my neighbors car towed for blocking me in my garage and now they want me to pay for their tow fee and ticket for calling to get them towed

I recently bought a house that was vacant for a while and people were using it as parking.

I moved in now it’s clear someone lives there so people stopped parking there.

Sometime last week I had to leave but couldn’t because when I opened my garage door there was a car there blocking it in.

I don’t know who’s car it is and I’m not going to waste my fucking time walking around knocking on doors to figure out who’s it is.

Also you could’ve parked in the grass or off to the side or something I don’t know

Now I found out it’s someone 3 doors down because they knocked on my door demanding I pay them back because I’m the one who called to get it towed.

I told they should’ve had their visitors park at their house and they said β€œno, because we’ve always parked here”

Okay well not anymore and I’m not paying for your shit.

I kind of feel bad how much they had to pay but I shouldn’t have to take time out of my day to go figure out who’s car it is because they’re being dicks. Also why park in front of the garage??? Literally anywhere else would’ve just been annoying but I could’ve gone on with my day

πŸ‘︎ 21k
πŸ“°︎ r/AmItheAsshole
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πŸ‘€︎ u/Ia_ja
πŸ“…︎ Jan 29 2021
🚨︎ report
My employer offers a 1:1 match on a 529 but I don't want to have kids. Should I take advantage of the match and pay the 10% fee on non-education disbursements?

Hey there!

My employer offers a 100% match on a 529 plan, up to $2000. I'm not planning on having kids, and I was curious if it made sense to take advantage of the match anyways.

From what I've read, disbursements not used for education have their earnings taxed at your current rate + a 10% penalty. Even with the taxes and penalty, it seems like this is a smart option given the 100% match. In other words, I could use this like a savings account my employer matches.

Does this make sense? Are there any scenarios I'm not thinking through?

I'm already maxing out a Roth IRA, and I'm contributing 11% to my company's 401k (6% by me, 5% maximum match by the employer).

Thanks in advance for any advice!

πŸ‘︎ 5k
πŸ“°︎ r/personalfinance
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πŸ‘€︎ u/pattythebakerman
πŸ“…︎ Feb 15 2021
🚨︎ report
Borussia Dortmund to receive another 5m payment for Ousmane DembelΓ© after his 100th appearance for FC Barcelona. 140m of the possible total transfer fee of €148m are now paid. kicker.de/797357/artikel/…
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πŸ“°︎ r/soccer
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πŸ‘€︎ u/McWaffeleisen
πŸ“…︎ Feb 14 2021
🚨︎ report
Should we be charged the same Insurance fee for armour at different durability?
πŸ‘︎ 4k
πŸ“°︎ r/EscapefromTarkov
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πŸ‘€︎ u/SUNTZU_JoJo
πŸ“…︎ Feb 04 2021
🚨︎ report
TIL that when Die Hard was finally made, Bruce Willis was mostly known for TV. His $5 million fee was seen as a huge risk. The film ended up taking at least $140 million. en.wikipedia.org/wiki/Die…
πŸ‘︎ 71k
πŸ“°︎ r/todayilearned
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πŸ‘€︎ u/We-are-straw-dogs
πŸ“…︎ Dec 13 2020
🚨︎ report
If you are interested in a premium meditation app but can't afford the subscription fees, the Waking Up meditation app waives its $100/year fee to anyone who submits a request through this link, no questions asked. They don't want financial struggle to be a reason someone can't learn mindfulness.
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πŸ“°︎ r/Meditation
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πŸ‘€︎ u/HandToDirt
πŸ“…︎ Feb 05 2021
🚨︎ report
Just spent $300 on hiring a limousine and discovered the fee doesn't include a driver.

Can't believe I've spent all that money and have nothing to chauffer it.

πŸ‘︎ 15k
πŸ“°︎ r/dadjokes
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πŸ‘€︎ u/VERBERD
πŸ“…︎ Jan 29 2021
🚨︎ report
Green fees should always include a bucket of warm up balls. There's no way I should pay 70+ dollars and then get hit with a warm up fee.

I could imagine the frustration of non locals paying 125+ just to get nickel and dimed by a bucket of balls. Rant over.

πŸ‘︎ 538
πŸ“°︎ r/golf
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πŸ‘€︎ u/brownballsmcgee
πŸ“…︎ Feb 13 2021
🚨︎ report
TIL about brothel candles, which burned for precisely 7 minutes and were heavily used during Victorian times. The individual would pay the fee, light the candle, and when the candle burned out, the session was over. gleek.com/nothing-says-ro…
πŸ‘︎ 4k
πŸ“°︎ r/todayilearned
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πŸ‘€︎ u/klavierchic
πŸ“…︎ Jan 26 2021
🚨︎ report
"Digital Delivery fee" I hope they don't have to go far....
πŸ‘︎ 20k
πŸ“°︎ r/assholedesign
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πŸ‘€︎ u/IamtheFenix
πŸ“…︎ Jan 12 2021
🚨︎ report
10K PL. CURRENTLY 78.97% Short Interest @21.9% FEE. AMC 1 week behind GME!!!!!!! HOLD GME AMC BB NOK πŸ’ŽπŸ’ŽπŸ’Ž πŸš€πŸš€πŸš€
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πŸ“°︎ r/wallstreetbets
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πŸ‘€︎ u/ifsksndfhsowo
πŸ“…︎ Jan 29 2021
🚨︎ report
This is worrisome to say the least. CT General Assembly has proposed a bill to take part in a pilot program to charge a mileage-based user β€œfee” on state highways. Always working hard to screw the working class...
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πŸ“°︎ r/Connecticut
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πŸ‘€︎ u/djm123412
πŸ“…︎ Feb 03 2021
🚨︎ report
Paul Brand on Twitter: 'Hotel chains tell us they are only receiving about 40-50% of the Β£1750 quarantine fee passengers pay... the other Β£1k or so is presumed to go to G4S for security, plus the two Covid tests' twitter.com/PaulBrandITV/…
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πŸ“°︎ r/ukpolitics
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πŸ‘€︎ u/Kestreltalon
πŸ“…︎ Feb 14 2021
🚨︎ report
[CA] Property management ran audit and realized they weren't charging for extra parking. Lease identifies spot # and states $0.00 for monthly parking fee. They're now trying to collect.

I raised my concern that the lease states "Monthly Garage/Parking Rent: $0." They replied,

> "Even though it is not listed on your lease agreement the charges unfortunately still stand."

Upon asking where in the lease this statement is backed up they replied,

> "The lease agreement may have been generated inaccurately, but I've attached our reports of 'Rentable Items' to show you these charges validity in our system. Once the Audit had taken place, you were sent a Lease Amendment correcting the claimed tandem space charges to be effective on 2/1/21 to which could have been backdated to 10/29/19. I've also attached a copy of an email that was sent before assigning you the space notifying you of the charges for the tandem space."

The lease amendment now lists my parking spot and associated $120/mo fee. I have not signed this. Backdating to 10/29/19 would involve backdating to a completely different lease (the first year living here, which, btw, also states $0.00 parking fee). There is email correspondence between myself and the property manager regarding the $120 for the tandem parking spot, but again, it's not listed on the original lease anywhere. This seems like a unilateral attempt to change the contract, and it seems misleading, at best, to say they can backdate this fee (especially to a different lease entirely).

Should I sign the new lease amendment, or tell them to pound sand? Consult a lawyer? I had one lawyer quote $250 for consult and demand letter. Should I go that path?

Many thanks for any help.

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πŸ“°︎ r/legaladvice
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πŸ“…︎ Feb 12 2021
🚨︎ report
German journalists call on Twitter to buy GameStop shares. Not as speculation, but for the time being as a participation fee for a political demonstration.
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πŸ“°︎ r/wallstreetbets
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πŸ‘€︎ u/serefsiz
πŸ“…︎ Jan 30 2021
🚨︎ report
Back to 1 ADA withdrawal fee :))
πŸ‘︎ 757
πŸ“°︎ r/cardano
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πŸ‘€︎ u/Loooxu
πŸ“…︎ Feb 11 2021
🚨︎ report
LPT: Delete or empty your inactive PayPal accounts, since they started charging "inactive account service fee"

I do not want to comment on how I feel about that, but important thing is that if your account is empty they will not take your money from the credit card, only if you have some balance left.

The fee won’t be applied to those who have a zero balance, where there is a credit or debit card linked to the account. PayPal says will only take the fee from the balance and not from a linked card or a bank account.

πŸ‘︎ 30k
πŸ“°︎ r/LifeProTips
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πŸ‘€︎ u/Z01dbrg
πŸ“…︎ Dec 18 2020
🚨︎ report
"Daily Pay" allows you to get paid directly after your shift is over for a $3 fee
πŸ‘︎ 20k
πŸ“°︎ r/ABoringDystopia
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πŸ‘€︎ u/Matty2G
πŸ“…︎ Dec 31 2020
🚨︎ report
Beware of this new β€œtemporary local fee” on Uber ears
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πŸ“°︎ r/boston
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πŸ‘€︎ u/Pencil-Sketches
πŸ“…︎ Feb 09 2021
🚨︎ report
Robbinhood can't cover a trading fee on GameStop, but they can run 30 second Superbowl commercial targeted at the little guys....
πŸ‘︎ 2k
πŸ“°︎ r/DeepFuckingValue
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πŸ‘€︎ u/sketch_44
πŸ“…︎ Feb 08 2021
🚨︎ report
[Paul Joyce] Liverpool will have an Β£18m option to make Ozan Kabak’s loan deal permanent when transfer finalised. They will pay Schalke an initial Β£1m loan fee. twitter.com/_pauljoyce/st…
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πŸ“°︎ r/soccer
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πŸ‘€︎ u/dowdymeatballs
πŸ“…︎ Feb 01 2021
🚨︎ report
[OC] The reason why there is a 20% handling fee at the drop-off box
πŸ‘︎ 18k
πŸ“°︎ r/AnimalCrossing
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πŸ‘€︎ u/bunnberrycake
πŸ“…︎ Jan 12 2021
🚨︎ report
H&R Block now add a $39 "Refund Transfer Fee" at the VERY END of filing your taxes. Does anybody know of a better/less expensive way to do your taxes for 2020?

Title says it all.

After wasting 30 minutes clicking through and being forced to get the deluxe package due to having an HSA, a window pops down for a brief second showing it's gone from $71 to $110 for NO REASON!

H&R can bite me. Does anyone know of a less expensive way to file?

πŸ‘︎ 7k
πŸ“°︎ r/personalfinance
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πŸ‘€︎ u/xxdeathknight72xx
πŸ“…︎ Jan 26 2021
🚨︎ report
Customer Flips out over the word 'courtesy', loses out on fee waiver

This technically wasn't my petty revenge, but that of a coworker of mine that I was witness to. I worked in a call center for a credit card company. At the time there was a $10 fee for processing a payment over the phone, I'm not here to justify it, that's just what it was and it was perfectly legal. It was one of those things that a CSR could choose to waive, but were definitely not required to and in fact would have to justify their reasoning for waiving it (waive too many and you'll get a lesser raise, worse shift choices, etc), so not a lot of people waived them. Anyway, I was sitting with a girl, listening to her call as part of my job at the time and she received a call that went like this, verbatim.

β€œI want to make a payment over the phone,” the customer said gruffly.

β€œThat’s no problem,” replied the rep. β€œIt does have to be with a check and there is a $10 processing fee for that.”

β€œA fee? I didn’t know there was a fee.”

β€œWell, I can waive it for you as a courtesy, since this is your first time paying by phone, just remember you can always pay online or in the store-”

β€œA courtesy?!?” he shrieked, cutting her off. β€œIt isn’t a courtesy! You can’t consider it a courtesy if there is no other way to pay the dang bill.”

β€œI’m going to waive it for you, sir,” she pleaded, trying to talk him down from his unhinged fury. β€œIt’s no problem, but there are other payment methods, as I was saying you can-”

β€œThis isn’t right,” he continued to berate her. β€œHow dare you say it’s a courtesy, I want to talk to your supervisor right now!”

At that point she was required to transfer to a supervisor, getting someone I knew quite well and who had little patience for jerk customers. I didn't hear that call myself, but I talked to the supervisor after. Upon getting the call, the customer screamed at her (the supervisor) for the word 'courtesy' being used and demanded an apology and to pay his bill. She apologized (she was required to, we all were, regardless of fault or logic when talking to a customer), and offered to take his payment, however because he was being an ass, she refused to waive the $10 fee, which was her prerogative and totally allowed. The prior rep had made a judgement call to offer to waive the fee, that was that individual's decision and since he didn't allow her to process the payment, thus he didn't accept her offer, the next person was not bound by that and the way our phones were set up it was impossible to transfer it back to the origin

... keep reading on reddit ➑

πŸ‘︎ 6k
πŸ“°︎ r/pettyrevenge
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πŸ‘€︎ u/WriterFighter201
πŸ“…︎ Jan 12 2021
🚨︎ report
U.S. should look at how other high-income countries regulate health care costs. Standardizing fee-for-service payments and structuring negotiations between insurers and providers could make U.S. health care more affordable, finds new study based on France, Germany and Japan. eurekalert.org/pub_releas…
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πŸ“°︎ r/science
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πŸ‘€︎ u/mvea
πŸ“…︎ Nov 22 2020
🚨︎ report
[paul joyce] Liverpool will have an Β£18m option to make Ozan Kabak’s loan deal permanent when transfer finalised. They will pay Schalke an initial Β£1m loan fee. twitter.com/_pauljoyce/st…
πŸ‘︎ 1k
πŸ“°︎ r/LiverpoolFC
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πŸ‘€︎ u/Charlie_M7
πŸ“…︎ Feb 01 2021
🚨︎ report
Weekly Bosses should use Story Quest keys as entry fee instead of Resin

That 180 resin a week towards bosses could be used elsewhere especially considering this leyline event coming up. Won’t have enough resin to go around

πŸ‘︎ 3k
πŸ“°︎ r/Genshin_Impact
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πŸ‘€︎ u/qaa003
πŸ“…︎ Feb 01 2021
🚨︎ report
[paul joyce] Liverpool have now agreed a fee in the region of Β£2m with Preston for Ben Davies. Sepp van den Berg moving on loan. twitter.com/_pauljoyce/st…
πŸ‘︎ 853
πŸ“°︎ r/soccer
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πŸ‘€︎ u/ahmad3093
πŸ“…︎ Jan 31 2021
🚨︎ report
LPT: Yelp replaces restaurant phone numbers with a special number that charges that business a marketing fee. If you find a good restaurant on Yelp Google their phone number instead so they don't lose any money.
πŸ‘︎ 81k
πŸ“°︎ r/LifeProTips
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πŸ‘€︎ u/OwlThief32
πŸ“…︎ Nov 15 2020
🚨︎ report
AITA for being upset that my friend is charging me an expensive "service fee" for what I thought was a favor after I already spent money assuming it was a favor?

I recently left Japan where my friend lives. I recently asked her for a favor to ship some things out to the USA for me. Quick background, I left some of my brand name clothes at her place so she can resell it since she flips and sells used clothes. Originally, I was going to just sell my clothes to a thrift shop, but then she said she can make 20xs the profit by selling it online. So, we agreed to sell the clothes and she gets to keep 50% of the profit which would be more profitable than if she bought those clothes and resold them. If it doesn't sell, she could keep them.

But it turns out my sister wanted some of my clothes, so I asked her if she was willing to help me ship it to the US for me and I'll pay her the shipping and packaging fees. She agreed and I thought it would be a favor among friends. I was going to give her an extra $20 anyways as a thank you. She didn’t mention any service fee during the agreement at the time. I figured that since she was shipping clothes anyways, I asked her if she could ship me some matcha as well if I bought it online in Japan and shipped it to her. She said okay.

She was putting off the shipment for a month because of mental health, which I completely understood. I didn't want to rush her since it was a favor and told her to take her time. Suddenly a month later she messages me and tells me she will charge me $70 as a service fee to ship the items to me. I don't have a problem with the fee itself but with the fact that she brought it up suddenly after I already bought the matcha and shipped it to her.

She told me the reason why she is charging me is that she feels as if I treated our relationship as business transactions. The two points she brought up were that I sold her my used bike and a gift card. She offered $35 for my 1yr old bike when I was going to sell it for $50 (I paid $120). I didn't want to sell her my bike, but since she was my friend, I told her I'd give it to her. Fast forward to now, and she says that if I treated her like a friend, I would have given it to her for free.

She was the one who asked to buy the bike! I never even asked her to buy it! Similarly, she offered to buy a sold-out limited gift card that I was going to gift someone else (a $16 value), but I just asked for $10. Now she says that because I didn't give her my used items for free and instead accepted monetary compensation, it means that our friendship is purely transactional and it's fair for her to charge me this service fee.

... keep reading on reddit ➑

πŸ‘︎ 315
πŸ“°︎ r/AmItheAsshole
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πŸ‘€︎ u/mimibrightzola
πŸ“…︎ Feb 12 2021
🚨︎ report
Tribunal to take place tomorrow to agree fee for Liverpool's signing of Harvey Elliott. Liverpool have offered Β£750,000, Fulham are seeking around Β£8m skysports.com/football/ne…
πŸ‘︎ 622
πŸ“°︎ r/soccer
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πŸ‘€︎ u/sandbag-1
πŸ“…︎ Feb 08 2021
🚨︎ report
[Sean Doolittle] Hey @Reds fans! I’m new here. A little bit about me: I’m a left handed pitcher, I’m a little socially awkward, I like to read πŸ€“, we have a dog named Fee, and I’m scared of spiders. I hope we can be friends because I’m really excited to come to Cincinnati and join your team! twitter.com/whatwoulddood…
πŸ‘︎ 694
πŸ“°︎ r/baseball
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πŸ‘€︎ u/ilovearthistory
πŸ“…︎ Feb 09 2021
🚨︎ report
10 years ago Fernando Torres joined Chelsea for a then British record fee of Β£50m.
πŸ‘︎ 1k
πŸ“°︎ r/chelseafc
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πŸ‘€︎ u/abinash_666
πŸ“…︎ Jan 30 2021
🚨︎ report
New article lists $NANO as No.1 - "Cryptocurrency fee comparison β€” which crypto has the lowest fees?" senatusspqr.medium.com/cr…
πŸ‘︎ 435
πŸ“°︎ r/nanocurrency
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πŸ‘€︎ u/bc7915dawg
πŸ“…︎ Feb 11 2021
🚨︎ report
Interesting detail: I contacted Binance customer support because they had changed their withdrawal fee from 1 ADA to 3 ADA and tonight the fee has been changed again to 5 ADA. I was unaware that Cardano had miners and an ever changing fee. Lol.
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πŸ“°︎ r/cardano
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πŸ‘€︎ u/crypt_keeping
πŸ“…︎ Feb 10 2021
🚨︎ report
[James Pearce] #LFC agree a fee of Β£2m with Preston for Ben Davies. Van den Berg going the other way on loan. twitter.com/jamespearcelf…
πŸ‘︎ 854
πŸ“°︎ r/LiverpoolFC
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πŸ‘€︎ u/Charlie_M7
πŸ“…︎ Jan 31 2021
🚨︎ report
Liverpool bank entire Β£142m Coutinho transfer fee from Barcelona liverpoolecho.co.uk/sport…
πŸ‘︎ 6k
πŸ“°︎ r/soccer
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πŸ‘€︎ u/youareafakenews
πŸ“…︎ Dec 22 2020
🚨︎ report
Whitmer budget proposes no tax hikes, but calls for fee increases totaling $27.6 million freep.com/story/news/loca…
πŸ‘︎ 153
πŸ“°︎ r/Detroit
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πŸ‘€︎ u/Rasskassassmagas
πŸ“…︎ Feb 15 2021
🚨︎ report
Next Block Fee: Bitcoin Cash $0.0026 ✌️ / BTC Brickcoin $21.40 🧱
πŸ‘︎ 247
πŸ“°︎ r/btc
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πŸ‘€︎ u/Egon_1
πŸ“…︎ Feb 12 2021
🚨︎ report
Upcharge, service fee, delivery fee, tip...so worth it.
πŸ‘︎ 531
πŸ“°︎ r/couriersofreddit
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πŸ‘€︎ u/-twitch-
πŸ“…︎ Feb 13 2021
🚨︎ report
Valley of Fire State Park, Nevada. Great day trip when visiting Las Vegas. $10 car entrance fee. 40,000 acres of sandstone and limestone forma tons. I rented a car and visited recently so its open and a safe distance option during the pandemic. reddit.com/gallery/l8ihd0
πŸ‘︎ 3k
πŸ“°︎ r/travel
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πŸ‘€︎ u/irgotravel
πŸ“…︎ Jan 30 2021
🚨︎ report
[James Peace] Sources close to Issa Diop of West Ham United claim that Liverpool have enquired about the French defender. However, it’s unlikely that West Ham would sanction a loan unless it came with an obligation to buy. He would command a fee in excess of Β£20m. sportslens.com/report-liv…
πŸ‘︎ 464
πŸ“°︎ r/LiverpoolFC
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πŸ‘€︎ u/_cumblast_
πŸ“…︎ Jan 30 2021
🚨︎ report
F1 prepared to waive $200 million 'anti-dilution' fee new teams must pay racefans.net/2021/02/06/f…
πŸ‘︎ 694
πŸ“°︎ r/formula1
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πŸ‘€︎ u/lewis798
πŸ“…︎ Feb 06 2021
🚨︎ report
β€˜I’m extremely disappointed’: B.C. government fires back at Skip The Dishes’ new fee globalnews.ca/news/762146…
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πŸ“°︎ r/vancouver
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πŸ‘€︎ u/xlxoxo
πŸ“…︎ Feb 05 2021
🚨︎ report
The City of Winnipeg will not consider or study a fare-free or $1-fee transit program.

Skip to the 3 hour mark for the result of the motion: https://www.youtube.com/watch?v=S7Lx9G_YyFk

There were a ton of delegates which were in favour of the motion to study financial impacts, and I feel like there were a few r/winnipeg'ers in attendance! Unfortunately, the result of the vote was to not consider studying how we could implement either system.

As Councillor Allard said shortly before the vote, "we will never achieve free transit if we don't even ask the questions of how much it might cost , yes it's true we don't have a partner in the provincial government that supports transit today, it's also true that we might have a partner in the future that might support transit [...] and my hope in supporting councillor Santos' motion is that once we give the public and government the information on what it would look like to provide free transit to winnipegers, that's when we would find the government partners for the campaign pledges, for the interest. At the end of the day places where free transit is a reality is where there are state support for those programs. It's a bit of a chicken or egg issue because other levels of government will say, well, we don't know how much it costs to provide free transit and therefore they may be hesitant to make commitments to that effect. [...] If we don't support this motion today, we are killing that possibility, that aspiration for free transit in Winnipeg."

Hopefully the city is able to allocate these funds effectively to make a super efficient transit program to shift our reliance away from vehicles, make transportation more affordable, and contribute to a greener economy.

πŸ‘︎ 116
πŸ“°︎ r/Winnipeg
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πŸ‘€︎ u/canadianseaman
πŸ“…︎ Feb 11 2021
🚨︎ report
Bitcoin ATM fee 17%

Hi everyone, so yesterday I purchased $120 worth of Bitcoin and received $100.61. So $20 went straight to fees. From what I was reading the fees for an atm should be anywhere between 8-10%. I understand there’s a fee for more anonymity and ease of access but does anyone else think this is extremely high? Are fees above 10% typical? Does the amount of Bitcoin I purchase determine the fee? It was my first time purchasing BTC and I couldn’t purchase in person via local bitcoin so I went this route. Thanks for your help!

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πŸ‘€︎ u/neon_xoxo
πŸ“…︎ Feb 06 2021
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The zero-fee proposition - Why I think Nano's lack of fees provides all the right incentives for security and decentralization

Hey guys. I often see questions asking how Nano can have no fees and yet still incentivize people or businesses to run nodes (representatives, those that confirm transactions). I've been thinking about it a bit, and I actually think that in the long run, having no fees is one of the best ways to combat centralization. So in this post, I’ll explain how a zero-fee proposition provides plenty of incentives in theory and practice, and why having zero fees makes Nano more secure than other cryptocurrencies. It's a bit of a long read, but I'd love to hear opinions on it. I'm comparing mostly with Bitcoin's PoW here, but the argument holds for most fee- or inflation based cryptocurrencies.

Classical incentives, such as inΒ Bitcoin

Simplified: The classical, old way of confirming transactions as done in Proof of Work coins such as Bitcoin has miners competing over blocks which contain many transactions. The first miner to solve a mathematical puzzle, thereby validating the block, gets the fees that were paid for all the transactions in the block and gets an X amount of Bitcoin, increasing the total money supply.

The idea is that the competition for these rewards incentivises miners to invest in more hash power, increasing their chances of solving a block. While this might seem like a reasonable method to ensure many miners try to β€œsolve” blocks and therefore there is a lot of competition, the problems become clear when we think this through.

In Bitcoin mining, there are many economies of scale. Buying more mining rigs at once gets you discounts, the marginal cost of electricity decreases with scale, maintenance of mining rigs becomes more efficient, and larger players have access to cheaper capital. While great for individual companies, economies of scale are why we have antitrust legislation in place. Decentralized networks have no place for governmental interference, and these economies of scale therefore lead to concentration/centralization over time, as the big parties get ever bigger. This is the opposite of what we want in a cryptocurrency, as security comes from the decentralized nature.

Nano’s feeless incentives

Rat

... keep reading on reddit ➑

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πŸ“…︎ Feb 16 2021
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