Realistically when do we hit 10m/BTC?

Bitcoin isn’t for peasants transferring 1$ around, there’ll be digital fiat for that later on, its gold 2.0 . For rich fags, but that’s all it needs you idiots think every street shitter needs to be able to use btc for a 1c fee, no, it’ll be for the rich in the end.

This

imagine thinking this when bitcoin is the only blockchain in existence where miners get almost 20% of their revenue (worth a few grand) in fees...

bitcoin can easily keep tx fees under $1 on average. the blockspace must be valuable or bitcoins economic and security model won1t work. but that doesn't mean with growing real demand the blocksize can't be raised. that's a fallacy.

Let me introduce to you the concept of a Proof of Stake consensus algorithm. Neck yourself faggot

i know about proof of stake and i like it about as much as sleeping with flee ridden mangy hienas

This would be the case if miners keep control, but all is pointing towards exchanges being the one in control. They will depress the price to force miners to quit, probably buy up a bunch of farms and in the process save taxes.

Buttcorn is about to be even more centralized then before, CZ and china won the war about an obsolete ancient dlt

>pos
rent seekers who think they should be eternally rewarded and never extend any ongoing effort for that privilege.
who does that remind you of rabbi?

if each transaction will cost few hundred or thousabd USD how many satoshi tho? 0;001?

holy crap duee, will 0.1 btc be reallty that much worth it that fucker will want to kidnap people?
Ever heard of davincj15? he says this will be the last bullrun, so what's the odds of even hitting 10m by 2030 if this is the last? 2020

reasonable thesis.
however, mining is just getting to the point of "big corps" thats just happening now in fact.
mining has gone thru 2 previous stages: (a) neets in closet, (b) garage / warehouse miners (current).
my point is next level is bringing economies of scale (mainly thru 0% captial cost and professional electricity generation) to mining. this means break even price is going to be much lower than previous 2 generation of miners.
secondly, exchanges make their fees in bitcoin ultimately. there is no reason why they would prefer 5000 btc as opposed to 10m bitcoin all things considered.

LN will never be released, brainlet. It has been 5 years and they are still at version 0.0.8 beta.
BTC will most likely die after 2022.

>LN will never be released, brainlet
exchanges are already using it. why the obvious nigger-tier fud? priced out already?

if we assume 10M per btc and a 50 sat fee will be around 2-3k per transaction. of course 1 sat fee will still be possible ($50 transaction fee) but may take a few days.

wasn´t bitcoin supposed to be for the people?? You can transact huge amounts of gold for free through gold money. Just lol if you thing banks and such will use the bitcoin blockchain..delusional cope

bro.. I really really like really want to believe in bitcoin and all this absurd prices like wtf I'd be fucking happy, but come on man, like $50 per satoshi? that INSANE!!!!!!
Now honestly, what's the odds?

but the blaockspace won´t be valueable in the future, thats where it all collapses. As bitcoin becomes more centralized, it will lose it´s last advantage.

>but the blaockspace won´t be valueable in the future
according to you despite all evidence to the contrary. hmm... what to do... what to do.

yes, but the average guy will not use it because its way too complicated. And the average man is the one that will have to use the LN for the whole concept to succeed

its not $50 per satoshi.
a transaction fee is charged by the size of the transaction. a typical figure to use is 500b as an "average transaction size".
so 1 sat fee means: 500b x 1 sat per byte = 500 satoshi total fee
at 10M per btc x 500 satoshi = $50 USD
likewise a 50 sat fee would be:
50 sats x 500b = 25000 total fee x 10M btc = $2500 USD

I don't doubt that miners will (have to) professionalize further, and it can already be seen with the warehouse miners partnering with electricity producers in the US and Canada. But this professionalization could also be reached by a closer cooperation with exchanges, like you would get an all-in-one package crypto company while smaller competitors will die, get bought up or become affiliated suppliers as basically part of a centralized consortium only independent by name.

Either way, pow chains will have to centralize to survive, the question is will it become a more insular centralization with oligopolistic crypto companies or like you seem to expect parts of the current eco system looking for "allies" in the external environment. I hope are right but all crpto saw points to the more pessimistic perspective

>too complicated
so was email in 1995.
fuck you needed to install a "tcp/ip driver" into windows because windows couldn't even talk tcp/ip.
Things change fast.