Miners live off of fees, sats are very valuable so fees will like be equivalent purchasing power of block rewards today, ie $200kish
thats what I was thinking, and will ponder this a bit more, but if sats become that valuable then its going to be a deterrent to using bitcoin, no?
for sake of argument, if the entire world was solely using btc and you had to value the entire world's assets in the fixed number of sats, what would a sat be worth?
at current population levels there would be about 250k sats/per person, so the buying power of one sat will be huge. if I'm buying a house off you for 5 sats and having to pay 1 sat fee for the transaction its not a very attractive proposition.
even worse considering it will be far less sats in circulation due to loss of keys and people like Saylor
for sake of argument, if the entire world was solely using btc and you had to value the entire world's assets in the fixed number of sats, what would a sat be worth?
at current population levels there would be about 250k sats/per person, so the buying power of one sat will be huge. if I'm buying a house off you for 5 sats and having to pay 1 sat fee for the transaction its not a very attractive proposition.
even worse considering it will be far less sats in circulation due to loss of keys and people like Saylor
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