How is bitcoin gonna work longterm?

File: 25 KB, 433x380, 1570839584843.jpg [View same] [iqdb] [saucenao] [google]

How is bitcoin gonna work longterm? Anonymous Sun Nov 29 08:30:56 2020 No.24379802 [Reply] [Original]

Transaction fees are pretty high, right? The whole security of bitcoin is dependent on people using mining setups to solve problems, and as we know the new bitcoin that'll be let into the system will diminish drastically until miners only make money on transaction fees. The fees are already high though, including what they generate from mining. I don't get how bitcoin is gonna be feasible long term, if it does intend to actually become a currency, anyway. I can only see the transaction fees going up over time. Am I stupid or is bitcoin just gonna fall to pieces once people realize it's not worth it to even trade?

>>	Anonymous Sun Nov 29 08:33:13 2020 No.24379837 >>24379802 Lightning Network if you want to actually use it as a currency. You'll pay the fees for actually moving large amount of money

>>	Anonymous Sun Nov 29 08:45:26 2020 No.24380013 >>24379802 Paying transaction fees is still lower than paying taxes.

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]

/biz/ - Business & Finance