Ari Paul Crypto Entrepreneur and managing partner at BlockTower Capital, started by saying on Twitter:
I'm looking forward to paying $100 for an on-chain Bitcoin transaction in 2025. That will mean it's wildly successful as a settlement layer.
This transaction fee would still be cheaper than the current international settlement infrastructure, given its expense and cumbersomeness, the cost of traditional systems is much higher than $100, and is mainly driven by massive bureaucracy. The crypto leading expert, Tuur Demeester answered this in a Tweet by saying:
I look forward to $1,000. An average LBMA physical gold transaction is worth $7 million, it's conceivable for on-chain TX moving that way.
What do you think of those fees, and will this make you think about switching to another Cryptocurrency? Please answer in the comments down below.
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Love,
I also beleive that the transaction fee bitcoin networks have set is cheaper than the fee centralized currency have
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so don't use BitCoin for any type of transaction.
Just buy and sell it as a store of value.
Use other currency for transactions.
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That would be the perfect solution, but BTC was designed as a currency not a store of value like gold or silver!
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gold and silver was designed to be a store of value?
I didn't know that.
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I typically like your comments but this one really made me laugh. :)
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What I meant was, Gold and Silver were not designed as a store of value but people used them for years that way in many cultures, and were using other means to pay for things (notes), sadly convenience always wins.
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maybe can works better like a store of value.
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Thank you for following...Upvoted and followed back
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