Monero has too high transfer fees. The only way to reduce it without turning the basic security algorithms upside down is to reduce the size of the transaction and automatically reduce the commission, which is traditionally calculated for the byte transferred to the processing of the information to miners.
Exactly that will happen in less then 3 months with bulletproofs. That should reduce transactions sizes and with that also transaction fees by factor 8. That is huge. And I dont believe that such huge development as Monero have will stop there but there will be constant redustions.
Always good to see Monero get proper discussions in the altcoin section, precious altcoin of mine. I've never truly been concerned too much with transaction fees, especially not when compared to all other fiat methods, fees are still dirt cheap, which is why even Bitcoin's "high fees" don't turn me off.
All the same if bulletproof does this for Monero, Bitcoin will be more likely/quicker to pick it up too. When people begin to recognize the value of alts like Monero in these new designs, then they'll appreciate them more.
Until then, enjoy $100+ XMR while it lasts
