Post
Topic
Board Economics
Re: Satoshi Nakamoto wanted Bitcoin to make micropayments POSSIBLE
by
spngebob
on 20/04/2017, 20:53:49 UTC
No doubt how is satoshi think to make it becomes possible in the future as long as bitcoin to be the right answer for the micropayments. But facing the problem of bitcoin, especially a technical solution for the bitcoin itself. It needs to get fixed asap.
Looks bitcoin still being the best answer to be a micropayment method. We are still able to send a dollar through the bitcoin.
You can send a dollar ... but how much are you going to receive? =)
Even worse: how much is it worth when you want to spend it?
Bob pays Alice $1, and pays $0.40 fee. Alice wants to buy something, and after another $0.40 fee the $1 is worth $0.60 only.
Bob's $1.40 turned into $0.60 purchasing power for Alice!

Well said. Not to mention if price goes more up in some moment we will pay 2$ fee for 1$ transaction.