#HODL and wait.
1. The $200 will become $200,000 worth of today's purchasing power.
2. At that time, fees will be higher than $200, but less than $200k because if the cheapest fee to pay is $200k, all the brain power of the planet will concentrate on reducing the fees.
#Bitcoin teaches you #LowTimePreference
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Replies (10)
you need to forecast fees in available kilobytes. not dollar price
A 1000x? Why so bearish? ๐คฃ
I'm using dollar here just to make a point. The space will always be limited, and that's the reason why we'll always find better solutions.
the thing is you cannot use NgU to justify the ability to move a 0.01 utxo in the future. if anything, NgU will make the required fee, priced in bytes, more expensive
And you know what?... That's okay.
Until something new (like segwit) will be introduced, due to NgU, I mean not just price but the price we pay per transaction.
Necessity (more people, creating NgU, creating more usage) is the mother of invention (making the fees in sats cheaper again).
this is the best answer in the thread