Hi,
Even just a year ago bitcoin was useable... now the fees are about 10x what the banks charge. Seems like its changing from a peer-to-peer money system for everyone into yet another convenient way for rich people to exchange funds!
What went wrong> And more to the point, who is responsible? What can be done to fix it?
Thanks
Andy
Even I don't know what in God's name happened. The transaction fees just went off the roof and it came to me that bitcoins have been much more expensive to handle as compared to fiat money. It's crazy. Bitcoins were supposed to promote freedom from middlemen but became more of an expensive money hoarding scheme.