Quote from: tranthidung on December 27, 2020, 10:14:43 AM

Quote from: so98nn on December 27, 2020, 08:35:13 AM

I have observed many times whenever there is rise in the price it will proportionally increase the fees as well. BTC becomes useless if I want transfer my coffee bill worth $5 or lets say lunch of $50 bucks if I have to pay more than 10-15 USD for single transaction.

Bitcoin is a digital gold and despite of the fact that bitcoin is able to used as a mean of transactions, it is not a perfect tool for you (at least now) to be used as a payment method. Bitcoin is more similar to a storage asset, not a payment method. The Lightning Network can help bitcoin adoption and expand its usecase as a payment method. It is for the future and maybe in the future, there will be more solutions and not only Lightning Network.

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The problem is it's unfair system if we want to make quick payments for daily usage.

The average bitcoin blocktime is 10 minutes so that you can not ask for quick transactions. You need to wait about 10 minutes in average even if you use the highest fee on the mempool. Of course, it can be confirmed anytime in few seconds to 10 minutes after you broadcast your transaction.

The beauty of Bitcoin is it has a very healthy network, with too high total hashrates so that your fund and your transactions will be secured by the network. Your transaction on altcoin networks can be double spent but on the bitcoin network, the probability is almost zero.

Think different!

I think of transaction fee in satoshi per the total amount of bitcoin or satoshi in my transaction. If I look at the issue like this, I always find opportunities to move my bitcoin with cheap fee.

Obviously, the fee in USD will be different and it is affect seriously by the price per one bitcoin.

Example with https://bitcoindata.science/plot-your-transaction-in-mempool.html

I make a transaction with 1 input, 2 outputs, and the address format is Bech32.
Amount of BTC in the transaction: 0.01 BTC
Fee rate is 1 sat/(v)byte
Fee: 0.00000142 BTC
The fee costs 0.0142% of my the transaction value. It is not expensive.

For an ordinary user who just wants to use cryptocurrency, and primarily bitcoin, and not delve into various additional technical problems, the establishment of a lightning network will present a certain difficulty. Therefore, if this function does not work automatically, most likely, bitcoin will be used as a means of payment for relatively large transactions. Of course, unless a better solution to this problem is found.