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Surely sats/vb will decrease as the value of BTC increases right? Based on free market principles, or else transactions would just remain exhorbitant indefinitely creating a real problem for widespread adoption.

Killing off the jpegs will help no doubt, but as BTC/USD rises wont there come a day when smaller UTXO's will again become viable?

I mean imagine having sat/dollar parity (I can dream right? 😂) or even sat/cent parity and a 10000sat UTXO still being considered dust... I mean... is that really a possibility?

Moose 2y ago

It solely depends on demand. There are newbies TODAY who pay $5000 (0.1 BTC) in gas to have their one simple transaction processed. Right next to another tx in the same block that paid only 10 sats/vbyte 🤷‍♂️

If all the huge banks in the world need to settle their accounts, then a $5000 gas bill isn't much for them. Common people will be priced out to L2 or higher.

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YunusAtSea⚡️🌊 2y ago

So it seems 🤷🏻‍♂️