Nostr Web Client

I'm disappointed that nostr:nprofile1qqs2auxkkgfgylem580xrztp8ek5sf83s86k0vfq2feuz6y4lkhskgcpz4mhxue69uhkummnw3ezummcw3ezuer9wchsztkr48 never got an answer to his question about what Bitcoin looks like to those who can't afford a UTXO.

This is an important question, maybe *the* important question. But it also underscores how much he diverged from his "pleb everyman" origins: this is very much not a newcomer question!

Guess I won't be on WBD to answer it, either!*

*Spoiler: I don't know the answer, but I can describe the possibilities and issues people can (and are!) exploring...

₿k 1y ago

My original thesis was that as the bitcoin prices goes up, transaction cost in terms of sats/vB goes down.

In the year 2116, when the block rewards is 37sats/vB, I don’t think people will pay 100 sats/vB for fee.

And if you look at Saylor’s base case we will be at 13M$/btc. So maybe 1sats/vB.

With this thesis more people can afford UTXO than we are worried about.

Second, i think shared UTXO will be a thing. Lightning is already a shared UTXO, albeit only 2.

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