Just watched a vid on Youtube posted yesterday by Rover Ver. He said that it cost him $59 to send Bitcoin. Jesus Christ, that's bloody ridiculous! Those miners are incredibly greedy and will send Bitcoin to the ground if that's the case. Who the hell is going to use Bitcoin for everyday transactions when it costs you $59 to buy a pack of chewing gum? Imagine going to buy a cup of coffee and you need to wait a few hours before the retailer can confirm your payment went through before they let you out of the shop.
Well 59 Dollars is 1% of todays value of Bitcoin. You were ignoring Bitcoin in the first place that is why you are complaining about the fees. If you were here from the very start you will never ever say that the fees are ridiculous. Only newbies will say that. Cover is blown.
The everyday transaction example is also about ignorance. If it is POS. Bitcoin transaction is faster than your credit card transaction. You don't need to write your signature everytime you use your Bitcoin. With credit card a lot of paper work will be dealt with. Hidden charges will be dealt with. Reconciling balances will be dealt with. But with Bitcoin there is a public ledger. Nothing is ever hidden. Banks hide everything.
It does still matter even you are an early adopter or late adopter/recently joined up the group.$59 fees will really hurt for sure even if you are a whale or does hold up lots of bitcoin.My current situation on making transfers do charge me up almost $3 basing on the average fees recommended as of these days which i do consider to be high still.