I said that as far as we are going forward in bitcoin distribution, UTXO's are getting smaller and smaller. With the fees like that, there's no point to moving small UTXOs: you will have to pay up to 25% in fees for EVERY 100000 sats UTXO. So the right way is to do nothing in this case. Demand for transactions will decrease, but the fiat price of bitcoin will increase (because of lack of supply).
I mean, these fees have nothing in common with the future fees. They are going to be much lower in sats term, but higher in fiat term.
But if I'm wrong, only large UTXOs will have place in the future. Then there's no mass adoption.
nobody /
npub1me…dr969
2023-05-10 10:32:25
in reply to nevent1q…dnyz
Author Public Key
npub1me5gmtr487ch3lpmrlnpwesln54m44ues5envnplndms2xap4kxq2dr969Published at
2023-05-10 10:32:25Event JSON
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"created_at": 1683714745,
"kind": 1,
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"content": "I said that as far as we are going forward in bitcoin distribution, UTXO's are getting smaller and smaller. With the fees like that, there's no point to moving small UTXOs: you will have to pay up to 25% in fees for EVERY 100000 sats UTXO. So the right way is to do nothing in this case. Demand for transactions will decrease, but the fiat price of bitcoin will increase (because of lack of supply).\n\nI mean, these fees have nothing in common with the future fees. They are going to be much lower in sats term, but higher in fiat term.\n\nBut if I'm wrong, only large UTXOs will have place in the future. Then there's no mass adoption. ",
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}