This is where market competition is a great thing for people who believe in market competition. For people who like the central banking based financial system and think that inflation is a good thing can stay in it, and for people like me having an alternative is great, and it changed my life totally. I understand people who can’t bear the price fluctuations, as I have seen my net worth drop 80-90% 3 times in the last 8 years, and it wasn’t easy on me psychologically. I still use it, as I see a debit based financial system more honest than a credit based system.

Regarding the transaction fees it’s not higher or lower than the current system, but very different. For me it’s actually much lower than my bank fees (sending a wire transfer from Europe to US is usually $20 charge for me, while Bitcoin fees are usually about $0.8, but it’s changing over time depending the usage of the system).