alt Hacker NewsPointing at the BTC transaction fee and saying it is super expensive is like pointing at a problematic car model and saying all cars are bad.
There are any number of other popular coins out there that have the same or better liquidity as BTC that charge tiny fractions of the fees. And also settle in seconds.
You're saying Bitcoin like BTC, but the parent commenter was probably referring to the giant ecosystem of coins, that happens to include BTC, but also many other much faster and cheaper options, that are used to globally remit payments every day.
What it's replacing, by the way, Western Union, Wise and the like, is also pretty unblockable and unrefundable.
What? I was replying to someone who explicitly referenced the Bitcoin whitepaper, they were clearly talking about BTC. And the protocol from the whitepaper was actually pretty bad, from a cost and transaction time point of view. It's gotten a bit better with some hacks layered on top of it.
And yeah, the thing is, payment systems that work approximately as well as BTC exist without being cryptocurrency and using up so much electricity on mining. The main difference is that they don't operate in some areas where BTC still can (like evading sanctions, like this), and the speculative nature of BTC (which is actually a net negative on using it as a cash).