Quote from: rolling on November 16, 2017, 05:23:19 PM

Quote from: itod on November 16, 2017, 05:16:37 PM

Quote from: GHCoins45 on November 16, 2017, 03:48:21 PM

Hey guys, maybe someone can make me understand
Do you think we will be able to use BTC in a couple of years to buy for example coffee?
The real question is, the minimum fee we can pay is 1 sat, there is nothing less than 1 sat, right? but if in the next years 1 sat = $2/3, the fee will be as expensive as the thing you wanna buy (coffee). I don't like this BTC = Gold/store of value, I want to use BTC for my everyday expenses.

I love when someone fixes the problem that doesn't exist. Specially when solution to future problems are discussed and developed all over the place. Riddle me this, just for fun: If 0.00000001 BTC is worth $2/3 as you speculate, how much is 1 BTC worth?

When you realize how big that number is, you may google for lightning protocols which peg to BTC blockchain. You will find out that once 1 BTC is worth 200 million US$ you would have an option to open the lightning channel between you and Starbucks, and pay for the coffee for the rest of your life without ever having to pay the transaction fee on the main blockchain.

What is more likely to happen is that people keep using their VISA/Mastercard/PayPal for coffee and groceries and Bitcoin becomes the settlement layer between companies and countries. Even the lightning layer will be for businesses not for the average Joe.

Why would lightning layer not be for the average Joe? It could be literally without fees if he and Starbucks agree there should be no fees. What would be the incentive for any of sides, him and Starbucks, not to do it?