a $1 purchase is a normal transaction. i can think of a million things people can buy.. the mindset you and others have is that america dominates.
Nobody said anything about America. Why would I? I don't even live in America, nor have I ever been to America. I said Bitcoin is an
international payment system. When was the last time you made a $1 transaction using SWIFT?
In other words, Bitcoin should be a bank-to-bank payment system?
you will see that your own preference is actually pricing 4billion people out of possibly using bitcoin for "normal transactions"
My own preference is that nobody would be poor and everyone could have the basic necessities of life for free, but that's simply not possible in the real world. Bitcoin is expensive. It's by far the most powerful distributed computing system ever conceived. And anyone who wants to use it has to pay for it. That's the plain reality of the matter, whether I like it or not.
Bitcoin is not a "distributed computing system." If it is, it's certainly the most *idiotic* computing system, distributed or not. A non-programmable distributed computer that only solves one problem is only useful if the problem itself is useful, no one will pay for the privilege of solving 2+2 for the gazillionth time.
bitcoin WAS suitable. for microtransactions.. thats what the 8 decimals are for!. the problem is the greed of fiat lovers pricing bitcoin into unsuitability
It wasn't. Ever. Everyone who has ever tried has complained about how impractical it is for that purpose. The problem is the greed of freeloaders expecting to use a ridiculously expensive payment system for free.
re. "ridiculously expensive": Now you're getting it.