as regards the high fees at present, I thought the idea of bitcoin was to use in place of dollar(whatever).
How can I buy something for 10 dollars and pay more than the value of the transaction in costs, people will not stand for it.
Something has to alter, and very fast, people once bitten will shy away.
In another thread people are saying wait, the fees will come down, do they really think so?
Once miners get used to high fees they will not give them up willingly.
The argument that the bitcoin value has gone up, so fees must go up is wrong, sending 10 dollars worth of bitcoin is sending 10 dollars worth of bitcoin, whether the value of 1 bitcoin is 200 or 20000.
Bitcoin transaction time and fee is one of the issues for bitcoin today. I have had a bitcoin transaction previously in one of major exchanges but was so unhappy of how the transaction goes since it took 5 days just to confirm my 120$ BTC. Only then i started to realize that the transaction fee has already changed into a bit expensive one. I was really thinking if BTCs blockchain was broken that time or the major exchange itself.