Oddbean new post about | logout
▲ ▼
Louferlou | 11 months ago (raw) | root | parent | reply | flag +12 
 If I had 200USD worth of BTC I'd wait for it to be worth 10000 USD and I'd bet the fees would not follow the same trend which has been the case for many years
Price is going up at a much faster rate than fees
▲ ▼
rare | 11 months ago (raw) | root | parent | reply | flag 
 Fees are not based on dollar amounts but weight of the transaction.
▲ ▼
Louferlou | 11 months ago (raw) | root | parent | reply | flag 
 And ? People are still counting in USD when it comes to measure the fees they are willing to pay for their tx. If Bitcoin price increases (regardless of the way you measure it: fiat, bananas or anything) then the sat/vbyte people accept to pay will decrease at the same rate.