Can some explain to me why fees will continue to rise in terms of total sats if the price of Bitcoin goes up?
I get why it will never be 1 sat per byte again if it gets more use.
But when Bitcoin is 2 million per coin, the price in total sats to settle on chain could be less or more depending on demand.
So wouldn't your 100k sat UTXO be fine? It will still cost more in fiat terms but total sats should be less of Bitcoin is worth more?
Am I crazy?
Smaug
npub1vu…my6js
2023-12-17 22:27:07
Author Public Key
npub1vu8243y6ettcg49ds035gvlxtgnv3zx2g57j32gjt88uh6jq289s7my6jsPublished at
2023-12-17 22:27:07Event JSON
{
"id": "78662df70b226c76c3c659c192d9349fa062cace6c0544f3f1485b9493e96d99",
"pubkey": "670eaac49acad78454ad83e34433e65a26c888ca453d28a91259cfcbea4051cb",
"created_at": 1702852027,
"kind": 1,
"tags": [],
"content": "Can some explain to me why fees will continue to rise in terms of total sats if the price of Bitcoin goes up? \n\nI get why it will never be 1 sat per byte again if it gets more use.\n\nBut when Bitcoin is 2 million per coin, the price in total sats to settle on chain could be less or more depending on demand. \n\nSo wouldn't your 100k sat UTXO be fine? It will still cost more in fiat terms but total sats should be less of Bitcoin is worth more?\n\nAm I crazy?",
"sig": "c936690364b1140237ddbc45351dee5005cf61349a6f673decbd666e85296c54a29f6de5e549c8d98f783f2b26cfd2f34873e7e9a178aa630c9cbd1b27f11201"
}