> Average fees are hovering around 30 dollars. That's an average.
No, they're not. Exaggerating your numbers makes your entire argument less strong.
I made a transaction yesterday and the price was only ~$19 if I wanted it confirmed fast (in <2 blocks). The price was about the same last week when I did the same thing. You also have the option of paying a much lower fee if you don't care how fast it transfers. If you're trying to buy a coffee, don't use BTC. If you're transferring 5-6 figures to an exchange, paying $19 to get the money there in minutes is far and away superior to the ETF system, which typically takes days.
> If you're trying to buy a coffee, don't use BTC.
Isn't this sorta what we were hoping to do one day? A proper digital cash replacement? This Bitcoin scalability problem seems like a much bigger deal than most seem to realize. And it's only getting worse.
to pay coffee, you can use any other altcoins, monero, dash, ether has low transcation fees etc. We're past the idea of one crypto rules them all and going to a world where each coin rules in one area. Bitcoin as a store of value, ether for dapps, monero for secure/private transactions, ripple or stellar for international banking etc.
If your vision of the future is individuals carrying a balance of dozens of cryptocurrencies in order to do business, then congratulations: you have managed to reinvent barter, with cryptography as sheer overhead.
No, they're not. Exaggerating your numbers makes your entire argument less strong.
I made a transaction yesterday and the price was only ~$19 if I wanted it confirmed fast (in <2 blocks). The price was about the same last week when I did the same thing. You also have the option of paying a much lower fee if you don't care how fast it transfers. If you're trying to buy a coffee, don't use BTC. If you're transferring 5-6 figures to an exchange, paying $19 to get the money there in minutes is far and away superior to the ETF system, which typically takes days.