Crypto 360°

From my perspective it looks like 1MB blocks, 100% of the onchain transactions are used to open/close LN channels or otherwise LN related transactions only, 100% of onchain fees are used to support BTC hashrate.

By this time coinbase reward is negligible.

Can it get more ideal than this?

So lets do the math.

Lets say the $125,000 per block in fees is good enough to get us to the equivalent 12.5 BTC reward when price was $10K.

So with 1MB blocks, $125K is $50 for a 400 byte transaction.

How often will you use onchain transaction to open/close/refill your LN channel? I would imagine as often as people pay their credit cards, but lets be generous and say you do it 3 times a year.

Thats $150.

That is equivalent to 15,000 transactions on Bitcoin Cash with $0.01 fees.

Even with a perfectly working LN solution, I would be paying more in one year for fees than I would be in a lifetime using Bitcoin Cash.

Edit: I forgot to mention that LN transactions also cost as well - maybe half as much as Bitcoin Cash? But also companies that give you LN wallets and hide all the complexity for you also will very likely charge you a percentage of what you are transferring. I know of one LN wallet that charges 0.1% of the transfer amount.

submitted by /u/whyison
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source https://www.reddit.com/r/btc/comments/gtrlsv/btc_supporters_what_does_the_perfect_endgame_look/