Post
Topic
Board Bitcoin Discussion
Re: John Nash created bitcoin
by
Dorky
on 17/04/2017, 03:06:11 UTC
Well in that case I will be able to cash out. Anyone with at least 2 BTC will be able to make that one-time-only transaction and cash out. I was just worried that I couldn't even make that one-time-only transaction to send the coins into an exchange and dump for dollars. Being a dollar millionaire sure beats not being able to do anything with your BTC because the fees are insanely high. There's just no point in having money in an unregulated blockchain when you can't do nothing with it.

Also, can't whales find cheaper ways to move their billions? I think if I was a billionaire, I would still be a bit pissed off at having to pay $600,000 for a transaction.
They will have 0 alternatives even in 2030?

Contrary to what someone said that we will be paying exorbitant transaction fee, I have already invalidated such thesis.

No, in my most sincere opinion and intelligence, there will NOT be any high fee for us to pay. The fee we pay will commensurate with the price of bitcoin.
And if we will pay $600,000 fee, that will probably because each bitcoin will be worth $600,000,000, but we probably won't be seeing bitcoin price exceeding $1 million in our lifetime because bitcoin has a short lifespan.
Thus, don't worry about the fee.
The fee is insignificant.