I don't think anyone compared the fees to brokerages that charge no commission but variable spreads. I would tend to agree with you if that was the benchmark. I compared it with how much my local bank charges for a wire transfer to anywhere in the world I wish to transfer funds to. Or brokers for executions with direct market access where you pay the actually market determined spread, only. On the other hand, it is equally disingenuous to just look at crypto to crypto transfer fees either. As long as bread and milk is still being paid with fiat one needs to account for all the fees to get your cryptos purchased with fiat and the other way around as well and those total cost are far exceeding any cost most banks charge for fiat money transfers. Same applies to trading cryptos: fees to convert fiat to crypto, transfer fees from crypto1 to crypto2, transfer fees between cold storage and exchange wallets,and many other fees.
Bitcoins value proposition is to create a true peer to peer value transfer Netwerk that always works, relies on nobody, can’t be shut off, can’t be censored, can’t be seized etc. so of course the bitcoin fees for peer-to-peer transactions is very important for long-term adoption. Your lack of knowledge about this whole thing is a literally shocking maybe you should just shut the fuck up.
I am no expert by any stretch, but every one of your bullet points is easily rebutted, and for the most part, have been proven as a fail in practice. On this we agree. Common ground has been found!!
And it has been well established by now that nothing other than the base blockchain works. All else is up for grabs by hacks, criminals, the mafia, white collar criminals, corporate graft. Once this space gets regulated your peer to peer will go away, you anonymity will go away, you will end up with a centrally managed chain that replaces fiat but in essence is the exact same than fiat when it comes to monetary policy, just that it is now in digital rather than paper Form. And that is what every western government currently works towards in order to catch up with China which already runs its currency on the blockchain. In effect we will lose our freedom over our finances and our entire liquid wealth can be frozen overnight. Of course you will be 200 forums away by the time this happens and won't be able to come back here to admit I was right all along.
The bitcoin Netwerk was never hacked at the base layer only custodians and exchanges. You physically can’t stop a transaction so censorship is impossible. The Netwerk has had zero downtime in 12 years. Please tell me where I am wrong about any of this and if it’s so easy to refute why don’t you try to refute it
You have to realize most people don't understand crypto and never will. Setting up a wallet is not that obvious, so yes, for INVESTING and hoping for 1-200% return, an in and out fee of 2% is nothing. Not to mention the dealing with crypto exchanges when your own Fidelity can do the same without transferring money, opening accounts, trusting a shady guy,etc....
How did you get any bitcoin in the first place? You had to exchange your fiat at some point. Those are the nodes that are all exposed to hackers and corporate criminals. So just stating that the base blockchain has not been hacked is dishonest. It's a small fraction of the entire equation.