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Comment by manfredz

Actually cryptocurrency perhaps more resemble a pyramid scheme because early investors profit disproportionately from latecomers, who buy at inflated prices. Transaction fees play a key role, as miners or validators earn significant fees, often benefiting early adopters with large holdings who promote network usage. Thus, high fees primarily enrich those already invested, leaving newcomers to bear the cost.
parent manfredz 2 years ago

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