Post
Topic
Board Bitcoin Technical Support
Re: [Jun 2024] Fees are high, wait for opportunity to Consolidate your small inputs
by
LoyceV
on 17/06/2024, 12:56:29 UTC
However, if we take into consideration the fact that Satoshi was thinking of the blockchain growing by 100 GB every day, then it's probably plausible to assume he'd envision cheap on-chain transactions. As I have mentioned before, Satoshi is not the ideal figure to be regarded as the unquestionable authority or ultimate arbiter of truth for Bitcoin.
I assumed that 100 GB per day was meant to be further in the future. But just imagine that: that's about 500 million Bitcoin transactions per day, which would mean mass adoption has been reached.

Quote
some merchants will hesitate to accept card payments for a soda drink
It's funny you mention that: here, it's the opposite. More and more merchants including government institutions refuse cash, and only accept card payments. We're a debit card country though, so fees are a lot less than with creditcards.