Re:Cambridge Bitcoin Electricity Consumption Index
by frongpik on Thursday February 11, 2021 @11:17AM
(#26103298)
Higher fees means fewer transactions. Nobody's going to buy a $3 coffee with $300 fees just because it's bitcoin.
[ Parent
| on HN ]
Re:Cambridge Bitcoin Electricity Consumption Index
by Darmody on Thursday February 11, 2021 @01:20PM
(#26105169)
Nobody will pay a coffee with BTC, just like you don't pay for your stuff with a gold coins.
Some say Litecoin will be used for that but I doubt it. Coins like Cardano or IOTA will be used for transactions. I'm not sure about Cardano but with IOTA you can transfer a fraction of a cent (or no value at all) without fees (that doesn't mean everything will be always fee-less).