It could (probably not 1M though) but only temporarily. You’ve got to remember that Bitcoin is scarce and finite, so there is definitely an upper limit to the fees that people would be willing to pay.
I actually think that fees could go down in Bitcoin terms, but go up in USD terms. Median fee in 2050 might be 20 sats/vb but that might equal $250 dollars for instance.
zforce / Zach⚡️
npub1hy…3ntt0
2023-11-29 15:40:22
in reply to nevent1q…mett
Author Public Key
npub1hymqekqgkf8vhlgr2a0n6cmmre3v48l2g9dvv7mvtvg7790j35rqh3ntt0Published at
2023-11-29 15:40:22Event JSON
{
"id": "bab8456c3b09b85c40465266382bd4c124dcc79bbaafee09a70087a7e279419b",
"pubkey": "b9360cd808b24ecbfd03575f3d637b1e62ca9fea415ac67b6c5b11ef15f28d06",
"created_at": 1701272422,
"kind": 1,
"tags": [
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[
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[
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[
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"content": "It could (probably not 1M though) but only temporarily. You’ve got to remember that Bitcoin is scarce and finite, so there is definitely an upper limit to the fees that people would be willing to pay.\n\nI actually think that fees could go down in Bitcoin terms, but go up in USD terms. Median fee in 2050 might be 20 sats/vb but that might equal $250 dollars for instance.",
"sig": "171aef88356767157f291e69a1ce0c5de96547870f4502cca815e8c05b37209dcfe679da3a19025e2d204fd8b8b33f29c4da1d6c9c9f9afcda1668aad38d6f53"
}