Subnostr

Yep I think a million at total minimum

As the purchasing power of Sats increases I would imagine too that will create downward pressure on the nominal Sat/vb fee market.

So for example say 1 Sat reaches parity with 1 cent. Even with increased demand for block space I think the amount of Sats per tx will be lower or stay flat. A tx that today would be 2000 Sats is .53¢. A 1000 Sat tx at Sat / cent parity would be $10.00 in usd value.

Not sure if it’ll play out like that but seems likely Sats per tx will move down in a high fee environment. Cost of tx in usd / fiat will move up.

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Discussion

BitcoinSandy 2y ago

Let’s see how fiat holds up in a dollar / sat parity

BTC_P2P 2y ago

Will be the normie tx shitcoin but yeah might fizzle out completely after such an abysmal crash

deleted 2y ago

I think in real terms if there is more demand for the blockspace than there is today sats/byte will be higher in the future regardless of what other currencies are doing in comparison. So i dont think thats how it plays out and we should prepare for btc worth more in terms of usd and for higher fee rates.

BTC_P2P 2y ago

Fair and likely. As the world wakes up to the reality that bitcoin is the only digital neutral sound money the demand for block space seemingly will increase substantially. And at Sat / cent parity $10 usd will have the purchasing power of a few dollars today.

What do you think a good minimum UTXO size should be?

deleted 2y ago

Sigh...no clue to be honest. But i shoot for 1 mil minimum for cold storage.