You might be right, but keep in mind that there's also a significant chunk of people mostly sending amounts in the tens of thousands. $5 doesn't feel like very much then.
You might be right, but keep in mind that there's also a significant chunk of people mostly sending amounts in the tens of thousands. $5 doesn't feel like very much then.
Even gold can do that better.
For someone making minimum wage in the US, that $5 is on the order of 40 minutes of labor just to make a single payment. That's simply not viable.
So... fitting squarely into the stereotype sketched above, I don't mind that much paying a few dollars for ordering a couple of pizzas. My problem (as mentioned in a cousin comment) is the annoying unpredictability of the fees.
Under what circumstances would you allow me to spend Bitcoin rather than dollars?
In a certain sense, yes, sure. What I'm saying is that, due to appreciation of my Bitcoins, those $5, as well as the actual price of the pizza, were essentially a gift to me from the Bitcoin community.
I don't mind spending free food tokens that were gifted to me. Even if spending the free food tokens costs me fees (expressed in free food tokens), and I might possibly trade those free food tokens for a slightly higher amount in dollars (but incurring other fees). Especially since, if everyone stopped using their free food tokens, everyone's free food tokens would stop being usable.
As a techie I might consider using bitcoin even if the confirmation time is high.
Is it? Where do I have the choice to pay with Bitcoin Cash?
> People don't want to spend extra money.
So they shouldn't use Bitcoin Cash, which at current exchange rates buys them fewer pizzas per unit than Bitcoin does.
As fees get higher, those addresses become unspendable.