[base698]

It more mirrors the "FOQNEs" or "Franchise-Organized Quasi-National Entities" from Snow Crash. Sovereign individuals that hold massive bitcoin stores can transact to anyone because they can afford the fees. Normies that can't will be beholden to these large corporate interest. Transferring money to a business or person will happen in a database in Coinbase or other exchange, much like now with a bank. Settlement will happen between banks and organizations they've partnered with. For the common person the interface will be the same. Settlement between organizations will change.

[dustintrex]

I'd like to say that the fees are an artifact of the poor scaling of both Bitcoin and Ethereum, but proof of work schemes are by design horrendously inefficient and suggested alternatives like proof of stake have yet to be proven in practice.