So a person wanting to use the currency must more or less be some kind of wallsreet trading expert and follow the market fees daily to use this to pay every now and again, gotcha.
paid 1$ for a 130$ transaction, seems fair enough, banks take less and its instant
absolute horrorshow.
- No you don't have to follow market fee each day, just use wallets like electrum that will just put enough fee on your transaction to get confirmation within next block.
- This fee used to be enough in past but due to lots of spam transactions filling mempool for last few days, you have to increase fee to get faster confirmation.
- Yes its horror show right now due to spam attacks, when LN and segwit will be activated in bitcoin it will again be suitable for micro transaction with cheaper fee and faster confirmation.