Right now they're sitting above 80 cents, If you look at the graph, starting in Jan 2021, the fees were above $10 for a solid 5 months, including above $20 for one month, peaking at $40+ for a week.

Who's going to use it for grocery shopping if you have to pay an additional $10 fee for 5 months every few years. No one is going to use it for small online payments with fees like that, which leaves the door open for fiat, or flooding the crypto market with alts.

Bitcoin used to have 80%+ of the crypto market share which started falling at the exact same time transaction fees started creeping up from cents to dollars in late 2016.

Gold is way better than Fiat but people swapped to Fiat because it was much more convenient, Bitcoin will suffer the same fate if Fiat has virtually $0 transaction fees while BTC is stuck with $2+ regularly. When people have to convert their BTC to fiat every time they want to buy something, they'll realize it's just easier to hold Fiat.

But Bitcoin is resilient and did exactly what a decentralized network is supposed to do, it forked and created BCH when tx fees crippled BTC. Master Card can't stop crypto no matter how much money they throw at the main BTC dev team. It got so ridiculous, that the CEO of Blockstream was asked how small businesses are supposed to accept BTC with high tx fees, and he suggested they just keep a tab of how much customers owe and pay later in a large sum to make fees smaller.

Satoshi Nakamoto said in the first paragraph of the Whitepaper that Bitcoin is supposed to be capable of "small casual transactions", if it's not useful for that, then Fiat will have justification to exist forever, and if other Alt coins have zero conf and tiny fees, why can't Bitcoin?

u/lash Thanks for ur comment, i concur.

Right now they're sitting above 80 cents, If you look at the graph, starting in Jan 2021, the fees were above $10 for a solid 5 months, including above $20 for one month, peaking at $40+ for a week.

Who's going to use it for grocery shopping if you have to pay an additional $10 fee for 5 months every few years. No one is going to use it for small online payments with fees like that, which leaves the door open for fiat, or flooding the crypto market with alts.

Bitcoin used to have 80%+ of the crypto market share which started falling at the exact same time transaction fees started creeping up from cents to dollars in late 2016.

Gold is way better than Fiat but people swapped to Fiat because it was much more convenient, Bitcoin will suffer the same fate if Fiat has virtually $0 transaction fees while BTC is stuck with $2+ regularly. When people have to convert their BTC to fiat every time they want to buy something, they'll realize it's just easier to hold Fiat.

But Bitcoin is resilient and did exactly what a decentralized network is supposed to do, it forked and created BCH when tx fees crippled BTC. Master Card can't stop crypto no matter how much money they throw at the main BTC dev team. It got so ridiculous, that the CEO of Blockstream was asked how small businesses are supposed to accept BTC with high tx fees, and he suggested they just keep a tab of how much customers owe and pay later in a large sum to make fees smaller.

Satoshi Nakamoto said in the first paragraph of the Whitepaper that Bitcoin is supposed to be capable of "small casual transaction", if it's not useful for that, then Fiat will have justification to exist forever, and if other Alt coins have zero conf and tiny fees, why can't Bitcoin?

u/lash Thanks for ur comment, i concur.

Right now they're sitting above 80 cents, If you look at the graph, starting in Jan 2021, the fees were above $10 for a solid 5 months, including above $20 for one month, peaking at $40+ for a week.

Who's going to use it for grocery shopping if you have to pay an additional $10 fee for 5 months every few years. No one is going to use it for small online payments with fees like that, which leaves the door open for fiat, or flooding the crypto market with alts.

Bitcoin used to have 80%+ of the crypto market share which started falling at the exact same time transaction fees started creeping up from cents to dollars in late 2016.

Gold is way better than Fiat but people swapped to Fiat because it was much more convenient, Bitcoin will suffer the same fate if Fiat has virtually $0 transaction fees while BTC is stuck with $2+ regularly. When people have to convert their BTC to fiat every time they want to buy something, they'll realize it's just easier to hold Fiat.

But Bitcoin is resilient and did exactly what a decentralized network is supposed to do, it forked and created BCH when tx fees crippled BTC. Master Card can't stop crypto no matter how much money they throw at the main BTC dev team. It got so ridiculous, that the CEO of Blockstream was asked how small businesses are supposed to accept BTC with high tx fees, and he suggested they just keep a tab of how much customers owe and pay later in a large sum to make fees smaller.

Satoshi Nakamoto said in the first paragraph of the Whitepaper that Bitcoin is supposed to be capable of "small casual transaction", if it's not useful for that, then Fiat will have justification to exist forever, and if other Alt coins have zero conf and tiny fees, why can't Bitcoin?

u/lash Thanks for ur comment, i concur.