If today the fee to send a next block transaction is = 0.0008 ($30)
then when 1 BTC is $1 million, wouldn’t it cost like $900 ($30×27) to send a transaction? (if fee’s in sats are the same as today)
And also if BTC is $1 million then there will probably be at least 10x the demand for transactions
And so the fee in sats should also 10x (0.0008×10 = 0.008)
Therefore if BTC = $1 million it will cost like $10k to send a transaction on layer 1?
And also if the fee to send a transaction becomes 0.008 (10x todays) shouldn’t people with small amounts of BTC (less than 0.1) be very worried?
Even at 0.1 it would cost almost 10% of your stack to transfer it anywhere (including to a layer 2)