Something I have not seen explicitly articulated is what happens
[1] if mBits (0.001) becomes say the next unit for people buying and selling, because say 1 mBit = $1, at this point can the miner still run and charge fees 0.000001, that is is the fee structure a sliding scale that gives enough incentive to allow the miner push back the fee back the same 10-e3 places because the value vs USD or goods and services (eg power) has risen enough?
[2] If I thier is not enough insensitive, and the fee is now 10-e1, does this not set a hard cap on BTC value, as it cannot be moved any cheaper than it can be processed???
It seems [1] is correct, so have we seen any market pressure down on fees because some miners are will to grab more transactions a the lower fee, and because BTC is worth more can afford to do so?
----further
[3] IF [1]is the case what happens if the microBTC (10e-6) goes to 1 USD, then 10 -e3 would put us into the Nano bit I believe there are only 8 decimal places behind the 1. (if I am wrong this happens at some theoretical point)
Thus fees would be forced to only be 10-e2 less at that time as their would be no smaller unit available, at this point would it require a fork to include more decimal places?
(I sure there must be a thread somewhere but cannot find it?
, I have some on Fees but not seen this point explicity addressed, happy to have a link provided)
Edit links
https://bitcointalk.org/index.php?topic=9162.0https://bitcointalk.org/index.php?topic=1847.0https://bitcointalk.org/index.php?topic=462.0https://bitcointalk.org/index.php?topic=1347.msg15366#msg15366https://bitcointalk.org/index.php?topic=1347.40