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/biz/ - Business & Finance

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54228682 No.54228682 [Reply] [Original]

And as that shrinks each halvening, fee paying transactions must take it's place, but BTC is incapable of that.

Given that BTC can do about 300,000 transactions per day, and currently 6.25 BTC times $28,000 is $175,000 then each transaction will eventually have to come up for ~$0.58 on average. VISA, Mastercard etc transactions cost 10c + 3%, so for many every day transactions they easily beat that.

Bitcoin is an electronic Cash system, as the Whitepaper suggests.

How can it be used as cash if you can't pay for your coffee?

>but muh Lightning
Lightning must still be paid to be used, like a top-up payment card. This requires an on-chain tx, so it will become quite expensive. In practise you might pay 10$ fee to pur $50 on your top-up Lightning card once the Block reward becomes small enough.

>> No.54228723
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54228723

>>54228682
BTC is the dumbest shit. It's like they are stubbornly defending their stupidity and begging people to buy their retarded shit

>> No.54228972

That's where haircomb takes the stage.

In the future BTC mining will be subsidied by comb claiming and comb transactions completely.

It will pay off because the global economy will run on haircomb.