Given the 21Mio are fix (first scarcity)
And the TX number limit / block size stays fix ( 1MB = second scarcity)
All bitcoins on addresses where bitcoin amount <= TX fee stuck because fees are too high
I ve seen somewhere that this might be 50% already?
This means that more or less only big junks of bitcoin are worth moving to be sold ( to exchanges ), initial from miners but also from other sellers.
Or have just stay at (save) exchanges with high security (NY BitLicence!) = high cost
But if you want to really own them and save them you should move to cold wallets (costs).
-> Buying / securing bitcoins will be harder / more expensive in the future - so price must go up and weak hands or small amount holders will be fully kicked out of this market!
-> Transfer of bitcoins may be done finally from these strong hands holders (bank + IOU - style / LN style) only!
To avoid this kind of end game, only REAL on chain scaling is needed.
Any ideas?
We don't know how many of those addresses are all that a wallet contains.
What I mean is, I've got a bunch of addresses that have tiny amounts of bitcoin, usually from change after making a transaction.
Roger Ver could point at them saying how this is a disaster, but I can easily send them together with other addresses with coin control.
Of course if some noobs got small amounts thanks to faucets etc, I don't see how they are going to move those amounts since the fees are higher than what they have.
I honestly don't see a solution that does not involve LN. No amount of onchain scaling will ever amount to making micro transactions viable at any non-marginal levels of usage.
