It's possible.
But it wouldn't be because the tx fee rises to say .001/transaction.(could also be possible coz of the miners,although unlikely)
It would rise as Bitcoin value in USD rises.
Like this:
if 1 BTC = $740 then .0002 tx = $0.15 then if
1 BTC = $7,400 then .0002 tx = $1.5 so if
1 BTC = $74,000 then .0002 tx = $15 .
But that is only if the tx fee stays on that rate despite the dollar equivalent($74,000)
Although, who's to say how fiat value would be by then.
(Now: $10 = buy 3 bread Future: $10 = buy 1 bread)
This scenario is taking only rising Bitcoin price. When you calculate also rising transaction fee it can be double.
But yours and my counting is only theoretical, i'm waiting for some expert that will explain that in technical way..
Indeed.
It does only take into factor the rise of Bitcoin's value in dollar since I really have no idea how Tx fees are even calculated/based on. Not the specifics anyway. (I just sort it as miners and traffic)
Very well, then, let us all wait for experts to explain the technical details.
maybe even more.. but it's impossible to predict...
presuming that the bitcoin price increases, the fee could even go lower.(Less bitcoin, but the same amount if converted to fiat).
Yes. Precisely.