Post
Topic
Board Bitcoin Discussion
Re: Fees are killing/have killed Bitcoin.... it is sad but true.
by
Niya
on 13/02/2018, 15:20:18 UTC
Only a few years ago we had a growing number of shops here in berlin that you were able to buy food and/or drinks from for bitcoin. Right now there are no more of these stores left. And most of the sellers I used to buy things from on the big marketplaces now refuse to trade bitcoin too and changed to etherium. I know for those people that think that bitcoin is the new gold it is not that bad but bitcoin was "released" to be something completely different. Right now bitcoin is no real crypto currency at all. Buy a coffee for 2,5 bucks and pay 25 bucks fee.... sure.......... In my opinion bitcoin completely failed because of these fees and I sold every last satoshi and invested in other crypto currencies. Is there a single reason to stick to bitcoin? If yes, please feel free to tell me!



Yes, it's true. High fees (as well as long confirmation time) make Bitcoin not viable for daily purchases, especially in physical stores.
In my opinion another reason it's not uses as a payment method is that people consider BTC more a speculative tool/long-term asset rather than a way to make payments.