Is the high price of bitcoin a bit worrying from a micro transaction point of view. The little guy who wants to spend under $50 is getting hit with network costs? Take a look at the following link.
You’re looking at a 16% hit if you want to transfer $50. Not good.
Bitcoin is a gateway coin to other alt coins, was chatting with someone who want’s to buy a small amount of safe… but with a high transaction fee, small buyers are being deterred and priced out.
Bitcoin is heading towards being a toy of the rich, and as a gateway coin - purchasing of altcoins like maidsafe is going to get hit a little?
And look at the screen show at the following link, an example of someone with bitcoin dust but cant move it.
One of the big reasons for bitcoins existence is slowly eroding.