Re: Block Size Scalability Issues

As far as I can tell, these calculations are correct if things stay as they are today.

Quote from: Saxscraper on August 26, 2018, 07:02:48 PM

At todays rate of $.572 average transaction fee (source https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m ) we would need 20,769,230 transactions a day to pay the miners with the fees generated.

However, one may assume that the transaction fees are not going to stay at today's level. It may very well be that on-chain transacting on the bitcoin network won't be that cheap. Also, these calculations don't include off-chain scaling. We don't know now how big the impact of the lightning network will be and how it may affect the scalability problem.