[vasilipupkin]

I am not sure why it matters what the original purpose was. It seems that current consensus of bitcoin is to be a competitor to gold for store of value. there may be other cryptocurrencies that act more like currencies

[lawn]

> It seems that current consensus of bitcoin is to be a competitor to gold for store of value.

Only made by the incompetent/corrupt developers. Regular users just don't want to pay outrageous fees.

[vasilipupkin]

what outrageous fees? you can send a billion dollars for 10 bucks.

[oarsinsync]

I'd be surprised if you weren't aware that the fee isn't proportional to the amount being transacted. A $10 fee on a $10 transaction is outrageous.

[vasilipupkin]

right, but you can set the fee to 20 cents, if you are willing to wait for a confirm

[oarsinsync]

This you may not be aware of, but there have been periods where the fee has remained in excess of over $1 for over 72 hours. A 20 cent fee will not cover you there.

Looking at my transaction history, of my last 10 transactions, all had fees in excess of $1, one as high as $14.

I'm not losing any sleep over it, but I'm also not going to call the fees reasonable.

[vasilipupkin]

I agree, bitcoin is not good for micropayments. But that's not the only use case that matters.