I wonder if eventually NGU takes care of this? Like at sat/cent parity or something like that, where 1 million sats would be quite a sum for casually moving about 🤔
That's what people who are smarter than me are saying. Miners sell block space, it is even more finite than Bitcoin. In the past 6 months we have seen 15sats/vbyte jump to 500.
This pod with nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z talks about it around the 1hr mark. In that we are just reaching full demand for block space ₿ob uses an apple tree as a metaphor
Discussion
You have to think in Bitcoin.
If you had X sats and due to high fees it cost you 80% to move it. You lose that purchasing power. Doesn't matter if it equals $100 or a million.
Cause if it costs a million dollars to move your money a car could cost hundreds of millions