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RE: Why a fee market and maybe even fees will never need to exist
Not exactly true. That's why payouts under .02 disappear. The rounding plays the part of the fee.
Not exactly true. That's why payouts under .02 disappear. The rounding plays the part of the fee.
Votes and posts are not transfer operations, there is no cognate in bitcoin. Steem allocates work and allows some number of transactions with a moving average "reserve" system. Bitcoin fees are spam limiters. Steem has more effective methods.