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by csomar
3221 days ago
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Well, transaction costs are already super high. I made a transaction yesterday for $5 and it was single input/output. But it was urgent, so I paid generously. As the network grows, the demand for transaction grows too. The fees will not increase because the reward decreases. Simply miners will stop mining as it is no longer profitable. But this will happen in 2090-2140. So it is very far. I think in the future, lightning networks and centralized wallets will be the way to go. The blockchain will be used by only a few big guys and transaction costs will be over $100/tx. |
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