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Older users are going to hold their coins until their targets are achieved.
If you look again at the numbers you'll realize that older people are going to hold their coin until death and that youngsters are going to sell them when they are sold.
Ok, let's use Bitcoin as an investment, what investment is that when only 200k poeple area able to buy and 200k are able to sell in a day? This assuming exchanges or banks will not have to combine their inputs when receiving coin and leave those coins like that till they send it to a buyer to minimize txs. Right now it's impossible for more than 1/3 of all Americans to receive a bitcoin transaction once a year.
Of course, this if we all deal with our own wallets and not with PoP (promise of payment) coins that are just a number on some website.
Bitcoin will have to scale for world usage, even if its investments or daily purchases, it's a must. How will this be done? This I'm starting to wonder myself.
There is a very limited amount of bitcoin to be mined, so miners are really working towards making a small amount of money each time and they are spending a ton of money to make that bitcoin, hence why they are trying to make their profit from the miner fee's which is causing all of this.
Miners can't set fees.
What needs to be done is not the transactions getting cheaper because that would basically be the result but not the solution, but to make sure that difficulty drops a ton and in order to drop difficulty this many people shouldn't be mining.
It's the other way around, difficulty drops when people stop mining, if you drop the difficulty now to 1 what you will achieve will simply be that all blocks will be mined in a few seconds till the difficulty adjustment when things will go back to normal.
If there was only a few places mining with few equipment, it would be actually faster, not because it is faster to calculate, but because there is no difficulty at all which means you constantly mine blocks back to back. In order to do that we need to make sure miners lose money and quit mostly.
Great idea, let's fuck everything!!!