Post
Topic
Board Bitcoin Discussion
Re: Has Bitcoin Failed as Money?
by
Altcoinsintel
on 20/02/2021, 08:16:02 UTC
The fees may be acceptable for buying a Tesla for $ 40-50k, but certainly not for daily payments.

The way I see it, soon Bitcoin fees won't be acceptable even for buying a Tesla. It could be thousands of dollars in fees, since Bitcoin will be used for ways to secure wealth of nations and not just individuals. Fees is the way for Bitcoin to scale and miners select only the highest fees. In a scenario where international trade is settled in Bitcoin, it will mean at least a thousand dollar fees for each transaction.