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10 sats \ 0 replies \ @faithandcredit 11 Mar 2023 \ on: Daily discussion thread
It might take 3 years for Bitcoin blockchain to have the kind of fees that makes it sustainable as a store of value and reserve asset for trillions of dollars.
Why? Because basically the 90 day average on active adresses is going up by 30k every 6 months, and it seems like the 90 day average needs to be around 950k for sustained full blocks and fee market. Will it ever happen? Well it did in the past, but then it went down to 700k active adresses, and has been slowly trending up the last 6 months. So could take a while if ever. But lets see.