I'm not sure when or how you were trying to send BTC, but $8 for a $60 transaction is wild. Yes, transaction fees do fluctuate and yes, they can get high when there's lots of activity, but your example is an exception.The last time I looked into using bitcoin, I wanted to make a purchase of about $60. There was going to be a transaction fee of something like $8 to process the payment, which I was told went to the miners who were being compensated for running the algorithm on their machine that allowed the transaction to go through. It was also going to take hours for the money to clear. Bitcoin struck me as completely not feasible for a payment system, and I ended up taking another route. Does bitcoin still have these types of onerous fees for transferring money?
Right now the average transaction fee is $1.29. That might seem like a lot, but when you consider that the average transaction size is $24,000 (source), it really isn't. That's less than 0.01% as a transaction fee, which is much less than PayPal, wire, etc.
Bitcoin isn't perfect but the "muh fees" line is moot.
Settlement time is another thing. Yes, it does take a few hours for transactions to clear. However that's just the nature of digital transactions. Unless you're physically exchanging cash, there's going to be some delay in your transaction. Bitcoin has this delay because transactions are completely irreversible, and once it's sent, the system is just verifying that the transaction was kosher.
You might say "well, PayPal is instant!" Yes, PayPal transfers from one PayPal account to the other. They aren't physically moving or wiring cash. Bitcoin has custodial services like this as well, that facilitate transactions without sending on-chain.
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