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Satoshi expected Bitcoin to scale to Visa-levels of 100 million transactions per day. He expected the cost of a transaction to be less than Visa forever, not just while nobody was using it.


Did Satoshi say this directly?

Try to find a quote and paste it. It's a useful exercise, because it forces you to constrain your thinking. Either from the whitepaper or from http://satoshi.nakamotoinstitute.org/

I don't think Satoshi said this, but I'll be happy to admit to being wrong.

In fact, here is Satoshi's clear and complete vision from the very beginning:

http://satoshi.nakamotoinstitute.org/emails/cryptography/16/

Total circulation will be 21,000,000 coins. It'll be distributed to network nodes when they make blocks, with the amount cut in half every 4 years.

first 4 years: 10,500,000 coins next 4 years: 5,250,000 coins next 4 years: 2,625,000 coins next 4 years: 1,312,500 coins etc...

When that runs out, the system can support transaction fees if needed. It's based on open market competition, and there will probably always be nodes willing to process transactions for free.

Satoshi Nakamoto


http://satoshi.nakamotoinstitute.org/emails/cryptography/2/

You can also find copies of an email Satoshi wrote to Mike Hearn where he said essentially the same thing.




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