[Cryptography] What has Bitcoin achieved?

[James A. Donald]

On 2014-06-21 02:05, Lodewijk andré de la porte wrote:
> And what's better: this means that by your account the Bitcoin
> transaction price is expected to regularly drop /dramatically/!

The cost of transactions is paid for by new money issue.

The value of bitcoin is based on speculation that it will become more 
widely used for money that it currently is.

So speculators are paying for transactions

For it to be more widely used for money than it currently is means one 
hell of a lot more transactions.

For all this to end well, the cost of transactions has to fall to quite 
low levels.