Even the store of value argument won't work if this keeps up... Half of Americans don't have $500 free. Imagine you're an average Joe who just wants to put $100 in every few months to store the value. $20 to transfer to wallet, $20 more to transfer to an exchange once you need the money again. Right off the bat you need it to increase by 40% just to break even... Soon the maximalists will argue that it was never meant to be a currency OR store of value, but just a speculative coin for rich people to bet on.
RE: Bitcoin fees have spiked again, $20 USD for 1 confirm transactions!
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Bitcoin fees have spiked again, $20 USD for 1 confirm transactions!
If you don't like it don't use it. :)
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Nobody likes $20 fees and only a couple people per second are "using" it, which is kind of the problem.
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The only new ATHs BTC is likely to ever put in at this point are in the number of unconfirmed transactions and the fees to transact.
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