2 ms·
That's misleading. Many transactions are many payments baked in a gigantic transaction, these tend to be big with a high fee. That and other applications drive
by xorcist 9y ago
That's misleading. Many transactions are many payments baked in a gigantic transaction, these tend to be big with a high fee. That and other applications drive up the average a lot. Normal users don't have to pay $5.
Some wallets do still have broken or easily games fee estimations (Blockchain's is notorious. Armory broke down completely.) That is a problem that should have been fixed already but can only be adressed by their respective developers.
However, even at $.5 many use cases are priced out of the network. On chain gambling most notably. This problem is inherent to the extreme replication factor trustless global systems require and is definitively not something that is advocated one way or another.