[PragmaticPulp]

Yes, the fee is usually fixed cost plus percentage, which makes small transactions very expensive.

The small transaction problem is vastly worse with Bitcoin, though. The catch is that the transaction fee is paid by the buyer, so that $1.05 scone costs the consumer $8.05.

$1.05 goes to the consumer $8 transaction fee goes to the miner Some fraction (eventually most) of that $8 transaction fee goes to the energy company supplying the miners with electricity.

Now your $1.05 scone transaction includes the cost of charging a Tesla battery 3 times over, because that's how much energy went into the transaction on the blockchain.

[BitwiseFool]

Absolutely true. I'm not advocating for crypto to replace credit card transactions, as that would be insanely impractical and wasteful. I wanted to draw some attention to how badly merchants are treated when they accept card payments.