Quote from: Realist247 on December 11, 2017, 04:47:35 PM

Quote from: Xavofat on December 11, 2017, 04:43:39 PM

Quote from: Realist247 on December 11, 2017, 03:45:37 PM

This is not FUD...it's FACT.

Err, you seem to be getting some terms confused here.

Fact: the cost of getting BTC transactions confirmed quickly has risen dramatically since two years ago.
Subjective: this will result in a drop in the BTC/fiat exchange rate.

Speculators can be extremely irrational. A lot of the time, the price doesn't follow any kind of meaningful events like that.

Err..I'm actually just paraphrasing what he said. Make a phone call to MIT and complain to him if you think he's full of crap. What will happen is common sense....if you want to call it subjective, it doesn't bother me one bit.

Fact: the forum has been flooded with complaints and threads on this issue over the past few days as people are making transactions at these price levels...and are extremely disturbed at their experience.

Is there any chance that the implementation if the Lightning Network will resolve this whole fee issue (and also the time requirement of the small transactions)?
I understand that the LN will not fundamentally lower the on chain transactions' fee level (just a bit) but if you have the possibility to use the LN transactions to spend (or transfer) your bitcoins, and it confirms in some seconds, people will be OK with bitcoin and they won't search for any other alts to use for daily purposes.
It just needs some luck to have LN in the house before your above metioned concerns becomes real. I hope that LN will lower the fees of the micro transactions and we could buy coffee with bitcoin in the near future