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"The transaction volume is at best stable since more than one year and to me it actually looks more like it is slightly declining" No, it increased from 60k to
by mrb 12y ago
"The transaction volume is at best stable since more than one year and to me it actually looks more like it is slightly declining"
No, it increased from 60k to 100k over the last year:
https://blockchain.info/charts/n-transactions?timespan=1year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address= https://blockchain.info/charts/n-transactions?timespan=1year...
In fact it grew 10x between May 2012 and May 2015, from 10k to 100k tx/day, so assuming the same growth rate we would hit 1 million tx/day in mid-2018. But somehow you think they are... declining?
"And even those theoretical $0.30 are still a lot"
Not compared to competing systems. It beats PayPal's fees of 2.9% + $0.30. It beats the worldwide average remittance fees of ~10% (can you stop and think for a second? 10%!). It beats the wire transfer fees I pay to send money to my family in France (about $35). And so on. I actually agree with you that Bitcoin isn't particularly well suited to micro-transactions, but its advantages really shine with regular transactions, and that's where it is growing.
- danbruc 12y agoI was referring to transaction volume in Dollars which seems more relevant to me. If Bitcoin is adopted and people use it more to buy stuff or transfer money the Dollar volume should go up because Dollar prices are more or less stable. But it is an interesting question why the number of transactions keeps rising.