An input to the market clearing price of a good or service is the transaction cost. Different layers of bitcoin have different transaction costs. As you ascend the layers from on chain, to lightning, to eCash the fees come down by orders of magnitude.

A cup of coffee can be priced at 3 sats if transaction costs are less than a sat. There’s no reason a car can’t cost 20,000 sats if purchased with eCash. Maybe having high fees on the base layer provides the right incentive and urgency for us to build viable ecosystems on Lightning and eCash protocols.

Mass adoption can’t happen unless people can transact with bitcoin as easily as cash. I’m inspired by the community here and know we can make that a reality.