Personally I think fees will continue to rise in dollar terms but will continue to fall in sats term over longer period.
But it’s better to be prepared for worse.
Personally I think fees will continue to rise in dollar terms but will continue to fall in sats term over longer period.
But it’s better to be prepared for worse.
The average transaction cost has been pretty much the same since the block chain started. I remember Adam Beck saying its been around 33 or 333bytes?
In the end the question is what do miners sell? Blockspace.
It's rare and once filled it will be expensive.
Adam Beck 
"I'm a loser baby..." 
I had no choice 
Hahaha awesome 🤣 I was getting my kids lunch ready so I didn't have time to make an edit. This is perfect 😂😂
He was on what bitcoin did…
Laugher intensify?
nostr:npub1art8cs66ffvnqns5zs5qa9fwlctmusj5lj38j94lv0ulw0j54wjqhpm0w5
Can we get Dan a copy of your book?
Transaction cost has certainly not been “the same.” Your reference to bytes suggests you’re referring to Transaction SIZE? Maybe.
Cost, no.
Cost, denominated in SATS has gone DOWN over time. Cost, denominated in DOLLARS has gone UP over time.
I view blockspace as community not scarcity. It’s gets produced every 10 min and will be produced for ♾️ time. So whenever there is congestion, it incentivizes newer protocol to develop which in-turn removes the congestion from the block.
Also if worlds gets priced in bitcoin, it will eventually price out low economic value transactions on base chain (like $100 transactions at that time) as sats will be more valuable than dollars then.
Well said, thinking the same ✌
The only realistic way that fees fall in sats terms is with forks, or new tech that uses blockspace more efficiently