Reality check: If you have a lot of money, paying a $20 - $100 transaction fee may not bother you if it is done to transfer large amounts of money in a secure manner. For the other 99% of the world's population, it is a dealbreaker. At this point, bitcoin is no longer the 'currency of the people', or a currency at all for that matter. Your morning latte would cost $103.75... I don't think so!
Bitcoin Users Would Pay Up To $100 Fees: Adam Back, Bruce Fentonhttps://cointelegraph.com/news/bitcoin-users-would-pay-up-to-100-fees-adam-back-bruce-fentonMeanwhile, BitPay's CEO says, [W]e think Bitcoin is working perfectly.
I just did some math on the data available at:
https://blockchain.info/stats| Date | | BTC in USD | | Total Transactions | | Total Fees in BTC | | Fees x USD value | | Total Fees in USD / Total Transactions | |
| Prev 24 | $2,835.89 | 298304 | 478.40223835 | $1,356,696.12 | $4.55 |
So yesterday's average transaction fee for BTC looks like it was $4.55
Let me know if that looks wrong. But it is a far cry from a $100 warning.