Replying to Avatar Matt

Yet it remains true that even if fee's remain at the levels they are or even drop a bit, for most people on chain transactions will become too expensive.

When bitcoin hits £100,000,000, or 1sat/£, a tx which costs 5k sats will be 5k GBP equivalent and the majority will never do that.

Beyond a certain price point most people will only ever interact with bitcoin via layer 2/3 methods. For some it'll be a miracle if they ever save enough sats to even make an on chain transaction.
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StackSats.IO 1y ago

This point should be part of scaling discussions but I rarely see it mentioned.

What is the point of giving 8 Billion people their own UTXOs if they can’t afford to use them?

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Matt 1y ago

Because this is a large complex topic and even among some developers there has always been some degree of lack of understanding of economics. Being able to program software doesn't mean you understand the consequences of doing so. I think that's why it's often neglected.