I was surprised to learn Bitcoin is not really for micro payments. The fee right now is .0005 which is 6 cents.
That would be ~ 50 cents if the price got to $1000
Are there any ideas how to 1) add another layer to bitcoin , to allow for micropayments (perhaps a 2nd network)
or 2) an altoghter different coin, that is only used for penny-sized transactions?
I never thought of that but it's a good point. I always wished there was something that could be processed quickly and would be good for micropayments. Maybe Ripple will make this succeed although to doubt it considering everyone else has failed.