Gary Green on Nostr: Someone recently posted a YouTube video addressing transaction fees in the base ...

Someone recently posted a YouTube video addressing transaction fees in the base later. They did a thought experiment and the math on hundreds of millions of BTC users in the future competing for on chain settlements. The gist of it was that there is finite block space, finite transactions per unit time, and that fees will inevitably be cost prohibitive except for the largest transactions. The math is easy enough to understand for how many layer one settlements can be done in a given year based on protocol limitations.

The speculation is that fees will approach five figures as more adoption occurs. Have either of you ever gone down that rabbit hole to look at that possibility? It's one of my worries for the long term success of this technology. What say you?