i am in britain.. our minimum wage does deem bitcoin fee's to be reasonable. but i am not talking about the 900million combined population of the 'elitist' countries of uk, us, europe. the idea of bitcoin was a payment network for the unbanked. the 3 BILLION population whereby the average fee(currently over $1) is a days wage.
It seems like this is going towards a scaling discussion. First,
the average fee in the last year could have been much lower than $1 per transaction. I'm not sure how you got that $1 value, and although I wouldn't be surprised that for instance large exchanges raise the average, it wasn't necessary. In the past year, I paid less than $0.10 per transaction on average.
One way or another, 3 billion people making on-chain transactions will lead to a huge amount of data, and I don't think I'd still have my own full client if that would happen.
you are also forgetting that those that see bitcoin fee's as a problem. are also going to run into that problem buying bitcoin.. and then locking up bitcoin to then go play with silly msat balance on LN.
meaning most will just avoid bitcoin in the first place and use another altcoin like litecoin as their venture into crypto and then to play around on LN
Litecoin may have low fees, but they'll have the same problem if their blockchain gets too large. Luckily, they have a 1 MB block limit at 2.5 minutes per block, so fees will just rise if the number of transactions goes up.
i know i know, you and your fellow altnet supporting crusaders see no problem in pretending LN is bitcoin
Hey, I made a topic for this:
Is LN Bitcoin? franky1: About scaling, on-chain and off-chainthis topic is about solutions to BITCOIN FEE's
And 111 sat is enough to make a transaction (one input, one output).