Quote from: Realist247 on December 11, 2017, 04:33:58 PM

Quote from: salihno71 on December 11, 2017, 04:27:45 PM

It was to be expected since the fees are denominated in bitcoin. Imagine how it will look like if the bitcoin reaches the 100000$? Fee of 100$-200$. So with this in mind it's clear that bitcoin will not be used as a payment means but purely as a value store until fees are severely reduced in btc.

That's wishful thinking. Just like Gavin said, BTC will die. People will dump it and run to an altcoin that doesn't have these scaling problems....an all-in-one solution. What everyone dreams of happening is the crypto equivalent of holding gold (BTC) while using silver (LTC) for day to day transactions. That won't happen. Most people will just dump their BTC and pile into LTC, Dash, or some other all-on-one coin.

jep and this is in an accelerating effect, people will want to dumb bitcoin and the altcoins will want to take their chance and feed on bitcoins corpse

they are all already waiting and preparing for this, so better silently sell end get out of the bitcoin sect, before others silently do.