I was having this impression that in 2009, banks did charge a lot more than today, and the whitepaper made a lot more sense back then. You'll remember better. Did they?
The reason Greek merchants don't want to accept debit cards is to evade taxes, not transaction fees. Truth be told.
With the minimum of 1 sat/byte, storing movies would still cost $650,000 per GB at current Bitcoin price.
The minimum fee is not 1 sat/vb. It is 0 sat/vb. And the minimum after that is 1 sat per transaction. Then 2 sats per transaction, and it goes on and on.
Is it just me that thinks 1-3 usd is extremely cheap for an international transfer, pseudo anonymous, confirmed within 30 minutes.
Property sent through cyberspace within minutes. Overseas. Pseudonymously. Unstoppably. It was, still is and will always be magic Internet money.