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Browsing Concept: Laffer Curve

Laffer Curve is a concept from Economics, by which there’s a curve for taxation and a curve for tax revenue. When taxation crosses a certain point, tax revenue drops because production gets limited by tax. In cryptocurrencies, when fees rise over a certain point, the number of transactions drops as well.

One publication found under Laffer Curve

Cryptocurrencies cannot ever be worth millions because transaction fees would halt the network
Crypto traders are used to living with wild speculations about future cryptocurrency prices. So much so, these crazy price predictions have begun to be taken only half serious...

Concepts In This Page

Ethereum GAS - The Ethereum cryptocurrency has a separate unit for transaction and smart contract processing fees. It's called GAS and it's a variable multiple of Wei - the smallest fraction of an ETH.
Laffer Curve - Laffer Curve is a concept from Economics, by which there's a curve for taxation and a curve for tax revenue. When taxation crosses a certain point, tax revenue drops because production gets limited by tax. In cryptocurrencies, when fees rise over a certain point, the number of transactions drops as well.
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