Until new software gets written to make more efficient use of Bitcoin block space, there are only so many people able to exercise financial sovereignty and we will remain close to that limit.
Discussion
No.. Bitcoin will never price out a human being. You can purchase $1 of Bitcoin.
People just don't take the time to learn Bitcoin because they're too busy being slaves to the system.
You can purchase any small amount you want, but he’s talking TX fees.
That $1 turns into UTXO dust very quickly on chain.
Like I said though I would just have to wait longer. I have a wallet with 40k sats as an experiment. To move that right now i woukd have probably nothing. But in the future im sure ill be able to move them.. actually i think its way less than that
Economically unspendable outputs are indeed something to consider. But high fees are what motivate more efficient use of block space. There are clever ways bitcoin could be used today, but the software to take advantage of the rules of bitcoin hasn’t been written yet.
This is true. Right now it’s not feasible to do anything on chain. Legitimate concern.
Fee pressure needed to incentivize funding of more efficient use schemes. Schnorr signatures were added to bitcoin a few years ago and they have the clever property that you can take the sum of signatures to create a signature that’s valid if and only if all signatures in the sum were valid. No need to waste block space with a signature per input…in fact, multiple users could collaboratively create a many input many output transaction with only one instead of thousands of signatures.