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Replying to @Excellion
Fees also effected by backlog of tx. Simple supply and demand. Considering the volume we would see on a drop to 7.5k, fees would likely not be half as expensive due to high demand (lots of tx). Great example is the drop from 20k to 11k (similar from here to 7.5). Fees increased.
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Replying to @Elliott_Randall @Excellion
This is obv based on its immediate effect. If bitcoin sat stagnant at 7.5k for a significant period of time and average number of tx also dropped fees could decrease.
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Replying to @Excellion @Elliott_Randall
So if it stopped being desirable to new investors, and users stop using it so much, problem solved? This is a silly example.
8:56 PM - 23 Dec 2017
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