Post
Topic
Board Speculation
Re: $1,000,000 would kill bitcoin
by
Febo
on 28/06/2019, 14:46:53 UTC
Even $100,000 would kill it.  If 1 sat (or even 100 sat) == $1 then the fees would grind the system to a halt.  The fees would be so high relative to the amount sent, that it wouldn't be worth it.  From an investment perspective 1 sat==1$ is a nice round number.  From a users perspective, only being able to buy things divisible by 1$ is crap. 

Bitcoin price is not limited by cost of the fee but by energy to secure network. Right now we spend less then a percent to secure Bitcoin network. With 20 times higher price there will be 10% of all energy used.  Increase of energy price will definitively help. And I dont believe we will ever again have this cheap energy as of now.