probably a combination of bad fee estimation (which will be be fixed in 0.15), a general skew towards high fees (the median is $2), and a general acclimation to high fees due to blockchain spam in the last few months.
I think future cryptocurrency will need to be very scalable, zero fees and instantaneous. At least capable of handling VISA traffic. Ideally something good enough for microtransactions, sending $0.001.
So far I've heard about IOTA and Lightning Network.
In Europe bank transfers are free. I often send $1 or $2 to roommate bank account for something from refrigerator. Also in shop I pay $2 with VISA card.
> Bitcoin has evolved into a financial-scale product, no longer something one would use to buy $0.50 of potatoes.
Well, before "evolving" so elegantly it was pitched as a replacement to credit/debit card systems (which would charge a whole lot less for a basic $10 transaction), and prior to that as a final answer to micropayments on the Web (I am guessing charging $0.001 to read an article is off the books now). And somewhere along the evolvement it was supposed to be a payment mechanism for calling other people's APIs and various Web services.
What's the next step in this evolution chain? Service for realtors where the transaction fee is 6% of the value of one's house?
This is absurd and hyperbolically incorrect; fees in Bitcoin are calculated per-byte of the transaction's size (and in BTC, no less!), so even if the cost of a transaction was that high, the price in USD would be misleading — with the underlying asset at ~$4500, of course the dollar value of the fee would appear high in a weaker currency.
Who wants to wait _any_ number of blocks for a payment to clear, anyways? Blockchains provide a trust anchor that serves well as a settlement system, but they aren't intrinsically payment networks in and of themselves — the ideal experience is of course an _instant_ payment, and waiting for confirmations just doesn't cut it.
This is why so much effort is going into building payment rapid networks on _top_ of Bitcoin, using "rapidly-adjusted micropayment channels" [0] and routing protocols to build things like Lightning [1].
And you're pumping IOTA in this same post? Unbelievable, these days.
They try to deliver to home, but if there is noone there, they leave a note, and I have 14 days to receive items on nearest post office (same walk distance as Paczkomat, open 8am-8pm + Saturday). Plenty of time for me (or roommate!) to get all packages that arrived to house. Just one person in household can go every 2 weeks and collect dozen packages and letters.
In Paczkomat, item is returned to sender after 48 hours. With such short time and need for SMS code, no chance that roommate will collect packages for me.
The only advantage of Paczkomat is that you can use it at night.
>Heck, drunk cycling is only slightly better than drunk driving because you're less likely to run someone over (but might still cause an accident when a driver has to do something dangerous to avoid you).
50% of people caught for DUI are riding bicycles. And until recently, they were getting exactly the same prison sentences as drunk truck drivers. Almost half of people imprisoned for DUI were riding bicycles.
I think drunk cycling is completely harmless, and should be legal. If someone is too drunk, he can't keep balance on bicycle anymore and problem automatically fixes itself.
There is a lot of moral panic about drunk driving, but at BAC under 0.5 permille (vast majority of people caught) it's completely harmless or even safer than riding sober. https://upload.wikimedia.org/wikipedia/commons/c/c0/WHO_BAC_... Only truly drunk people in cars should be punished.
In some way it's self-correcting, drunk cyclist can't ride fast. If he's super drunk, he becomes more of a pedestrian than cyclist. I agree it's not the best argument.
I like numbers, and numbers say drunk bicyclists are not a problem.
Drunk cyclist is hundreds times less danger than drunk driver, and should get hundreds times less punishment.
Bitcoin Core cannot do that, Bitcoin Cash can.
https://np.reddit.com/r/BitcoinMarkets/comments/6rxw7k/infor... https://www.reddit.com/r/CryptoCurrency/comments/7cwfm5/some... https://twitter.com/gavinandresen/status/929377620000681984 https://twitter.com/VitalikButerin/status/930276246671450112