We all pride ourselves on bitcoin this and bitcoin that.
I just set a very low fee for transactions on my electrum wallet. It's so low that is been hours and not even one confirmation yet. I assume that it will take days.
With this low fee, I had a look and it cost me .00041 btc for transaction. 8 dollars. Hahaha. Wow. Explain to me people, how is it better to use crypto currencies? Transaction taking days with a cost of 8.90 Australian dollars.
That's just pathetic.
Going back to Western union and bank transfers.
Right now, bitcoin is not good for small transactions, but if you compare the fees you would pay on a very big transaction, then you would see that bitcoin would be great for that. The fees would be minimal, compared to the amount of the transaction, and you would also avoid bank bureaucracies. Also, holding bitcoin is quite secure, so using BTC as a store of value, just like gold, is also amazing. If you want to do fast small transactions I would sugest you to use LTC, monero or dash for example. There are so many coins out there, you must choose the right one for the each objective.