Nostr Web Client

Can some explain to me why fees will continue to rise in terms of total sats if the price of Bitcoin goes up?

I get why it will never be 1 sat per byte again if it gets more use.

But when Bitcoin is 2 million per coin, the price in total sats to settle on chain could be less or more depending on demand.

So wouldn't your 100k sat UTXO be fine? It will still cost more in fiat terms but total sats should be less of Bitcoin is worth more?

Am I crazy?

matata 2y ago

i try do maths:

if btc is 2million$ then 100k sats = ~2000$

so..

1 sat = ~0.02$

transaction fees: i know it's based on size, vbyte, but for ease, let's say.. just a rough estimate of 20k sats in fees for the utxo somehow.. * 0.02$ = 400$

so..

20k sats for 100k sats

400 dollars for 2000 dollars

plz doublecheck tho lol👀

Reply to this note

Please Login to reply.

Discussion

matata 2y ago

maybe i dont understand the question tho..

you seem to understand in sats it'll stay the same but ifn dollar.. if dollar rises p btc, the fees will as well