Replying to Avatar monk_cactus

A billion people using bitcoin like that and we’d have fees as high as they’ve been for the last couple weeks. 3 billion and pretty much no one can afford to transact on chain for amounts less than 5 btc
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Toshi 2y ago

Nah

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monk_cactus 2y ago

lol why?

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Toshi 2y ago

Everything correct except for the 5 btc part. I think even 0.5 btc will be economically make sense

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monk_cactus 2y ago

Ah gotcha. Yes, I agree. I meant 5 btc in today’s exchange rate and I’m drawing with broad strokes. As the value of btc goes up, the amount of btc that makes sense economically comes down, but the value of those transactions will still be very high. My main point is just that with 3 billion users, “the masses” will mostly be priced out

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Toshi 2y ago

Even less probably