A billion people using bitcoin like that and we’d have fees as high as they’ve been for the last couple weeks. 3 billion and pretty much no one can afford to transact on chain for amounts less than 5 btc
Discussion
Nah
lol why?
Everything correct except for the 5 btc part. I think even 0.5 btc will be economically make sense
Ah gotcha. Yes, I agree. I meant 5 btc in today’s exchange rate and I’m drawing with broad strokes. As the value of btc goes up, the amount of btc that makes sense economically comes down, but the value of those transactions will still be very high. My main point is just that with 3 billion users, “the masses” will mostly be priced out
Even less probably