So to my understanding, bitcoin has two big problems and one actually corresponds to other. That is increasing high fees or else late transactions.
So the question is, can bitcoin solve these issues? I mean with increasing value of bitcoin, won't fees always keep on increasing? Is there a solution to that?
And I think that solution will also solve the timing of transactions problem.
What do you say?
Increasing value should not cause fees to increase. Look at apple... their market cap is like $800 billion and yet I can buy their stock through Fidelity for $4.95. The problem bitcoin has is related to the fact that all of the wallet services and exchanges (I'm looking at you, coinbase) are really bad and charge unnecessarily high, percentage-based fees. They should be charging flat fees.
That being said, I think bitcoin's biggest problem is volatility. Both of these problems have a solution, but I actually think the volatility one is harder to solve and will take a very long time.