That's fine but what if what Jeff Booth said about Bitcoin being deflationary is true. I don't see someone paying 75k in sats to settle on chain when pets say someone's yearly salary is 100k sats.
Discussion
That’s why scaling solutions are crucial.
Dollars play a role in the equation, though, from the point of view that acquiring enough sats to continue bidding block fees gets more expensive in dollar terms over time.
Still, scaling solutions are crucial.
If nobody will pay it then the fees will never rise that high.
Unless people stop making transactions, or the block size gets bigger, fees will go up. We'll all be fighting for the same, extremely limited block space.
When I refer to the fee amount here, I mean the amount of value in terms of buying actual goods and services. Like, a week's worth of groceries or 5kWh of electricitu. If bitcoin's value is going up in these terms, the fees in sats could go down, but the more popular bitcoin becomes, the more likely they will rise.
#Bitcoin's solution to this has been the lightning network. Most of the value will be locked up in lightning, but if you really need to, you can force close channels and pay what will likely be huge on-chain fees (at least by today's standards).