Sunday, 10 January 2021

Bitcoin transaction fee will never drop below $0.10

Given the current price of $40,000+, a minimum reasonable fee of 1 satoshi/byte, and minumum transaction size of 250 bytes, a minimum transaction fee is currently set at $0.10. Consequently, the dream of cheap micropayments withing the Bitcoin Network itself is gone forever. Now the only hope is LN and fractional satoshi network payments.

submitted by /u/skabaw
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