Aren't the transaction fees at least the price of two or three cups of lemonade?
Big believer in crypto. Doubtful about BTC as digital cash because of things like this.
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Aren't the transaction fees at least the price of two or three cups of lemonade?
Big believer in crypto. Doubtful about BTC as digital cash because of things like this.
Posted using Partiko Android
It doesn't have to be. In fact I don't think it ever will be due to government protecting their currencies. However, it is worth $200 billion currently and gold is worth $8 trillion. If it just takes 10% of the current gold market, we are looking at $800 billion and 4x. If it takes something like 25% of the gold market, which still might be conservative, we are looking at $2 trillion and 10x, which is over $100k per coin... and that is without challenging fiat in any meaningful way.
And current transaction fees are roughly $2 or so:
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y