RE: P2P Everything
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It's one of the reasons why I like HIVE. No transactions fees internally. The only issue we pay for in P2P transactions is that we have to trust the other party. In an exchange, they take the place of the trustee and the fee is used to pay them for doing the transactions for you.
For example if you use LeoDex to transfer HIVE to HE, the fee is 0.25%. You could save on this fee by trading someone HIVE in your wallet and that person sending you an equivalent of SWAP.HIVE on HE. The biggest issue in this is the trust between both parties. So in this type of way, I understand the need for fees so long as it is small enough. But a fee like that in ETH is ridiculous and makes zero sense for small players.
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I don’t know hive’s structure well enough but I’m sure you can set up an escrow in a P2P model that releases on condition! Bitcoin has this with multi-sig so as long as 2 of the 3 parties agree the transaction is good to go!
The reason why I don’t see a big problem with the fees on ETH is because I don’t look at it in dollar terms I look at it in ETH terms so it’s always going to be a percentage of ETH the fact that ETH is now worth a a lot makes people think it’s expensive!
You could be using other chains that take a bigger percentage fee but because their token doesn’t have a high dollar value like TRON it’s seen as “cheap”
The fees are clearly not stopping people from using ETH and you going to pay a premium to lock into their network and tap into their security and liquidity same with Bitcoin
It’s like any product the cheaper you go the less security you have and that’s the same with blockchain
I just think people will find the solution that suits them! Hive is great for transactions but in terms of security or liquidity not that great
Yea I agree. The escrow model would work out if one was made. Its also true that HIVE isn't good in terms of security or liquidity.
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I saw a few projects talk about it one was Dlux, where you could place funds in escrow for trades and the other was hiveloans, not sure how far these projects are, I thnk the Hivehustlers guys also wanted to create a P2P labour market not sure where that is either
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