Hi,
Even just a year ago bitcoin was useable... now the fees are about 10x what the banks charge. Seems like its changing from a peer-to-peer money system for everyone into yet another convenient way for rich people to exchange funds!
What went wrong> And more to the point, who is responsible? What can be done to fix it?
Thanks
Andy
The fee does not seem to be a problem anymore. Believe me if you want, but recently I've seen small transactions being confirmed with almost zero fee. Everything indicates that the network was being spammed in past months.
You also need to understand that it is not very wise to compare Bitcoin with banks. Visa is faster because it's centralized, but this will never be the best way to store value.