Post
Topic
Board Bitcoin Discussion
Re: On Ordinals: Where do you stand?
by
HmmMAA
on 23/05/2023, 18:38:53 UTC

And for the millionth time, Bitcoin is destined to have high fees. We either have expensive on-chain Bitcoin transactions, or no transactions at all. It currently might not seem necessary, but in about two decades, when it will be even more established, the incentive will depend on those fees.

Relevant:
I'm sure that in 20 years there will either be very large transaction volume or no volume.

Bitcoin was destined for micropayments , high fees are just nonsense .

https://bitcointalk.org/index.php?topic=287.msg7687#msg7687

"Forgot to add the good part about micropayments.  While I don't think Bitcoin is practical for smaller micropayments right now, it will eventually be as storage and bandwidth costs continue to fall.  If Bitcoin catches on on a big scale, it may already be the case by that time.  Another way they can become more practical is if I implement client-only mode and the number of network nodes consolidates into a smaller number of professional server farms.  Whatever size micropayments you need will eventually be practical.  I think in 5 or 10 years, the bandwidth and storage will seem trivial."

Storage and bandwidth are at extremely low costs and btc has insane fees . So either satoshi was wrong or core . I tend to think that satoshi knew better .