Hi All,

It seems to me that bitcoin will have a problem in becoming mainstream because it will feel more expensive to use than standard fiat.

With a normal Visa or MAstercard, the vendor bears the cost of using that payment method. In some cases they will add a surcharge or have a minimum charge (i.e. eftpos only available for purchases over $10.00) but in many cases, the vendor simply bears it as a cost of doing business and the customer doesn't see that cost. Maybe the total price of the goods or services factors for this cost but the customer won't see it.

In the case of Bitcoin, it seems to me that the transaction fee is always worn by the buyer and that would make it simply feel more expensive.

I understand there are many efforts for transaction fees on bitcoin to be minimised to improve scaling but it doesn't seem practical that transaction fees will ever reach zero. In the current fiat system, you don't have to pay a fee to use it (in most cases), so it means there is a lack of incentive to use bitcoin for everyday transactions.

How do you guys think about this problem?

Cheers