When I hear people criticizing the banking system and why we should move to bitcoin and I do agree with them at this point "money should not be controlled by any one "
but they give the most worst example like the following script
" in transitional banking if i want to wire you 1000$ I have to pay 35$ fee and it take 1 or more days to reach (which is not true wiring via banking exchange you can get it in few hours)
while in bitcoin its cheap (True in wiring fee ONLY ) and Fast(True)
Not even few hours. In my country, we have a facility of IMPS (Immediate Mobile payment system) using which you can transfer money instantly. The fees is pretty cheap as well. So for domestic transfers, banking is the most efficient and fastest system.
BUT the do not speak about the tough joinery of how to get Bitcoin in first place
you need of the following
1- 1 year of mining
2- 3 weeks to be verified by exchange plus 5$ -10% more buy 1 bitcoin 12000$ you pay 600$ -1200$ acquisition fee (which is crazy )
3- local bitcoin the most expensive option 20% but the fastest (no exchange needed to verification ) but each bitcoin acquisition fee is 2400$
4- accept bitcoin as a payment for your service (which assume your customers already bitcoin owners)
You forgot about trading completely, which is the best way to earn and acquire bitcoin. Also not all exchange will ask your to verify yourself. I don't know about your country, but in my country it is not required till date. So instead of going through all the hassles, use cash to buy bitcoins. There are a lot of traders available in your area who can sell bitcoins to you without having to go through all these procedures. Localbitcoins website can give you some leads about it.
we need to fix this two issues
1- the speed of getting the coin
2- the acquisition fee dropped to 1% or less
this could be a great idea for ICO to resolve this issue
even with exchange they put limit like in how you can buy
That needs a procedural reform which is hard to happen anytime soon. Speed and acquisition fees depends on the platform or the seller. WE need a proper legal framework for the same. But I don't think an ICO would be able to help you in any way. Their intention is only business and nothing else. ICOs are not doing charity.