Some physical bitcoin are now worthless due to the high fees needed to get a transaction through.
With fees as high as 1 mbit all the physical coins (and I assume paper wallets) with less than that amount on them would cost more to redeem than they are worth.
This shows that the current network congestion issue on bitcoin needs to be solved sooner rather than later.
What do you think, will the fees go down an make these tokens valuable again or is bitcoin as small change doomed?
More on cointelegraph.com: https://cointelegraph.com/news/three-things-killed-by-high-bitcoin-transaction-fees
Image creative Commons by btckeychain
it is becoming as a form of investment like gold , people are not using it daily in small amounts mostly they are just buying to own 1 or more bitcoin to store as gold for long time !! surely bitcoin will be used in smaller amounts daily again once fees is lowered by a third party app wallet that charge no fees for internal transfer of bitcoins like Xapo.com no fees to transfer to another Xapo user even as low as 0.00000001 !!
Thanks for the tip about Xapo. This could be a solution: having bitcoin 'banks' that don't charge for internal transfers and pool external transfers to other banks, but then we are back to a banking system.