I was telling my friends about bitcoin for almost a year and they decided to enter crypto world and buy some bitcoins.
Not much, 50-100$ worth bitcoins just to start with it and to see how it works.
But here is problem - if they buy bitcoins for 100$ they will get that minus 25-30$ fee and they will pay fee for next transaction, so their 100$ worth bitcoins will become 40$ worth bitcoins. How to explain them this??
Is this really what bitcoin become? Currency used for miners so they can earn more money?
I remember back about 4 years ago when I first got into cryptocurrencies. Everyone talked about the fact that Bitcoin would give us a payment method with almost immediate transaction with virtually no fees. That has all changed and Bitcoin is primarily an investment and store of value. I think other cryptocurrencies will be able to be used as payment methods because some have smaller fees or no fees in the case of Iota.