Bitcoin microtransactions are it's eventual demise?

[Lauda]

Trillion of them? Roll with DOGE then ignorant fool.
Meter, then you eventually come to nanometer.. :oo so many decimal places are its demise. 

[Mr. Socko]

This is why I still support litecoin even with the ASIC drama going on.  Paying $5 in bitcoin is not really feasible right now given the $.40 fee but paying $5 in litecoin is a $.02 fee.  I think they compliment each other, for now, until the BTC devs figure out a better fee scheme than what exists today.  Their is room for a single crytpo wallet that lets people store and use the various coins that make it through this year with valid support/dev.

and if you get paid in BTC, your "salary" doesn't go down every month, you still make the same in fiat terms, bitcoin is just worth more.  Ask Andreas if he minds...

I think that LTC could very well be used in the future for day to day transactions since the confirmation speed is quick also.   I could see a day where BTC is used mainly as a store of value,  and for purchases of large items (i.e. Cars, homes, etc), and LTC used for thinks like (food, clothes, etc)

yep... hold the gold for wealth and spend the silver in the marketplace.

[jcoin200]

Why would you have to type in the numbers?  Just scan the QR code and send the BTC. 

[Peter R]

What $0.40 fee?  Average tx size is 682 bytes.  At 0.1 mBTC per KB that is $0.08 rounding up to nearest KB (current version) and $0.05 using actual size (planned for future version).

I may have to research this a little more, I sent .00042 to a charity as an example for someone and it charged me .0005 mBTC, not sure my why tx size was so large..it was through my blockchain iphone app so i ended up paying $.40 to send $.32.

Edit: .00092 was taken out, clarifying post

You are correct vabtc: but this is an Apple problem rather than a bitcoin problem. 

Piuk, after a lot of hard work, was able to get the Blockchain.info app into the AppStore.  Since then, Apple has forced other apps such as Coinbase and Glyph to remove bitcoin-transfer capabilities.

To avoid a "re-review" of the Blockchain.info iPhone app, piuk has decided not to update it and risk having it removed entirely from the AppStore.  This means that you and I and all other iPhone users are stuck with bitcoin wallets that default to the very old (and now very expensive) fees of 0.0005 BTC!

The good news is that the situation may have recently changed.  Check out http://www.blockchain.com !

[DeathAndTaxes]

What $0.40 fee?  Average tx size is 682 bytes.  At 0.1 mBTC per KB that is $0.08 rounding up to nearest KB (current version) and $0.05 using actual size (planned for future version).

I may have to research this a little more, I sent .00042 to a charity as an example for someone and it charged me .0005 mBTC, not sure my why tx size was so large..it was through my blockchain iphone app so i ended up paying $.40 to send $.32.

Edit: .00092 was taken out, clarifying post

You are correct vabtc: but this is an Apple problem rather than a bitcoin problem. 

Piuk, after a lot of hard work, was able to get the Blockchain.info app into the AppStore.  Since then, Apple has forced other apps such as Coinbase and Glyph to remove bitcoin-transfer capabilities.

To avoid a "re-review" of the Blockchain.info iPhone app, piuk has decided not to update it and risk having it removed entirely from the AppStore.  This means that you and I and all other iPhone users are stuck with bitcoin wallets that default to the very old (and now very expensive) fees of 0.0005 BTC!

The good news is that the situation may have recently changed.  Check out http://www.blockchain.com !

Ouch.  Thanks for the clarification.  That makes sense and I am sure he isn't the only one confused by that behavior.