Let's talk nominal:
I was writing about the nominal amount of each transaction fee, in that smaller transactions will pay a higher percentage to match the same nominal value as a larger valued transaction.
to achieve the same security ignoring transaction fees. $8,000 / BTC is a very modest price if we assume this level of growth.
In 2032, how do you know $1 won't be worth a $0.01 in current purchasing power?
My point was never about absolute values but relative weight of transaction value versus debasement value. You entirely missed my point, as indicated below...
If there's 2,000 TPS in 2032, that's 1.2 million transactions per block...
Any way you slice it, if we assume continued growth, the network security should be greater in 2032 than now.
The
point of my logic was not about whether we would have network security, rather whether we would have decentralization.
Why do you always construct strawmen and lose the plot?
And that's precisely why we need to keep all those TX's on the mainchain.
So you can kill decentralization.