Subnostr

≈100,000 sats for 24/7/365 permission-less and trust-less final settlement is still a deal. Stop dooming doomers 😂

4/20/2024: getting a glimpse at consistent 2030 tx pricing where a billion sats buys a dozen single family homes in any jurisdiction and 1000 sats/vb is understood as well worth the cost to tx on the #Bitcoin Network.

What we’re used to are extreme tx discounts and relatively low demand for block space. Really we’re getting a glimpse at rational mempool pricing the past couple days.

Ps fuck these shitcoin scams but it’s an open Network. Run a spam filter on your node if you feel some kind of way. You’re entitled to use the Network as you see fit too. One node, one vote. Onward.

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Discussion

BottleTeams 1y ago

The fees will die down. These people are just donating sats to miners. Give it a few days.

BTC_P2P 1y ago

nostr:note1tsc6jwxqr9urzj3x8tnnhrkvcfuqkrxwqp65q7ppnqqfrhyrk8qsf38ray

hodlpleb 1y ago

"How will miners make money after 2140 ?"

BTC_P2P 1y ago

😂😂 people thinking they extrapolate anything about the present into 2140 are just insane beyond comprehension

Kevin's Bacon 1y ago

THIS!

Although, I suspect that fees will not be 1000 sats/vbyte in decades to come (maybe for rapid settlement), but rather the equivalent purchasing power of something like 250 sats/vbyte today. People will find scaling solutions more attractive with anything much higher than that, and that will lower demand for block space.

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BTC_P2P 1y ago

Agree with your points too. If Bitcoin has 10x in purchasing power then I agree the sat/vb will be nominally less. Something like $100 in fiat to tx on chain possibly whatever that equates to in sats at the time.

Kevin's Bacon 1y ago

I bet it'll hover somewhere between our two guesses then, the equivalent of 25 to 100 dollars today. I definitely don't have all the information needed to be confident in my prediction or yours, but your guess and your reasoning smell right to me.