Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Gab0
on 20/12/2017, 19:51:18 UTC
Fees of 700+ sat/B is unsustainable.

Bitcoin price at 20 000 USD is too high ... too ?  Roll Eyes
Bitcoin is a network, if you want it ... pay the fees.



I do not understand how this can be a counterargument.
If the price increases to $ 200k, should we expect fees of 7ksat /B?

Networks are maintained and expanded because they are useful. Each time the fees increase, the network progressively loses utility and its network effect.