[Lightning-dev] Lightning fees vs miner fees

[Rusty Russell]

Anthony Towns <aj at erisian.com.au> writes:
>  C. Without lightning, as bitcoin adoption increases, either fees rise,
>     or number of transactions per block increases proportionally. If
>     1% of people know about bitcoin, and use it whenever it's cheap;
>     then 2% of people knowing about bitcoin gives twice as many
>     transactions at any given price level.

Metcalf's law?  Both sides need to "know about bitcoin".

Say: 1 billion people, each initiating 100 txs per year.  But only 1%
know about bitcoin, so those 10M can only use it for 1 of their annual
transactions.  At 2%, 20M can use it for 2 of their annual transactions...

Not sure how this alters the rest of your calculations.

Cheers,
Rusty.