10 year from now…
Transaction fees higher or lower than 100 sat/vb ?
Why ?
Discussion
Can’t predict the fees but when block subsidy goes down, fees go up
On average? Or permanently
6.25 block reward and there’s been months within this cycle where the fees were very low.
The block subsidy goes down every halving. It’s 6.25 now, it’s going to be 3.125 in April 2024, at the next halving. And the block subsidy is divided by two every halving. That’s how Bitcoin is programmed. At some point, in 2140, the block subsidy will be 0. Fees tend to go up every halving to incentivize the miners to continue
Yes, because the networks utility as globally accepted money has increased...thus more competition for blockspace.
But are as many people using it for casual transactions at that point?
I feel like the lightning network will be 100x better than it is today.
So even though there’s way more people using bitcoin, are as many using the layer 1?
I dunno either
The last person trying to buy a coffee with bitcoin died.