Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
AlexGR
on 05/12/2015, 17:45:49 UTC

Restricted space => creates fee competition => dust will become non-economically viable to move around.

Restricted space => fee competition
More adoption+fee competition => expensive fees
Expensive fees => stalled adoption

That's where the chain breaks.

Expensive is a relative term compared to your competition.

How much does a bank charge for an international bank wire?

If BTC costs < Western Union costs, Bank costs, etc = adoption continues to grow because your competition is still much more expensive than you. The money transfer industry won't go to zero fees overnight to compete with BTC.