OK first of all you're doing some mass averaging here. Thats
NOT the same thing as a median! Here's a
more accurate portrayal of fees for you:
The fastest and cheapest transaction fee is currently 4 satoshis/byte, shown in green at the top.
For the median transaction size of 257 bytes, this results in a fee of 1,028 satoshis.1,028 satoshis = slightly less than four cents!
If somebody wants to pay a $1 fee on a $1,000 transaction, that's
their business and it beats out most fiat payment processors.
as for "not exactly expensive". im guessing your ignorant to the part of the planet where under 20cents is an hours labour
I live in the Philippines where 50 cents an hour is a decent salary so you're pretty much dead wrong. People who make 20 cents an hour simply don't have the time or the resources to screw around with bitcoin. They probably don't have access to steady internet or phones capable of supporting a bitcoin wallet. The average world salary is roughly $9 an hour.
if people have to pay an hours labour just in fees. they wont see an advantage of it compared to mpesa and other things.
if it costs more an hours labour just to vault up crypto old bankerer-esq co-sign business models.. why bother
Again your conflating averages with medians. It's a specious argument made to further your weird narrative about bitcoin being bad.