The fees in this example are completely ridiculous. It is clear Jorge never bought Bitcoin. $5 to buy a Bitcoin? Get real.
Sigh. The values don't matter. Can't you really see that there are MORE bank transfers when going through bitcoin?
Only if you make a bank transfer and buy bitcoin for every single bitcoin purchase you make. Which would be insane. Most people buy their BTC in bulk, then use them as currency or hold them with the idea of being a store of value.
Thank you. So you agree that paying with bitcoin is attractive only to people who already believe in bitcoin and own a sizable pile of bitcoin; and increased "bitcoin adoption" by merchants only gives those bitcoin holders more incentive to sell their bitcoins.
Fee usually include a % of the amount involved, so you don't save that part by doing bulk transactions.
"Hey, I see that Dell now allows payment by Mongolian Virtual Vouchers! Cool! I think I will buy some 10'000$ worth of Mongolian Virtual Vouchers and wait for an interesting offer to come up, just to learn how they work."