On 1/8/2018 8:48 AM, Steven Schear wrote:

In the medium-sized to long-term I've written off all crypto that serve no useful function except, perhaps, as "digital gold" for asset safety. Comparing BTC to national monies, how many would use a currency whose fee "friction" made it impractical to use except as a replacement for Wire transfers?

The intolerable fees reflect scaling limits.  If scaling not fixed, bitcoin will die.  If scaling fixed, bitcoin will likely replace national currencies.