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> There's no way this is going to gain mass adoption by being this expensive. I struggle to understand what you mean. What sort of anchor are you using for ho
by wyldfire 10y ago
> There's no way this is going to gain mass adoption by being this expensive.
I struggle to understand what you mean. What sort of anchor are you using for how much the exchange rate should be for adoption? Cost of electricity, cost of mining equipment, cost of running a node? Satoshis are so abstract that "this expensive" seems irrelevant to everything except for historical rates.
Conventional wisdom on BTC is that one element that would improve adoption would be lower volatility and that in order to get that, the market cap would need to be much, much higher. Given the fixed inflation rate this usually suggests that the exchange rate has to be correspondingly higher.