ethereum got some attention for a couple of months this is the result:
average transaction fees surpasses $1 in 2 months [4]
blockchain is congested and caused ethereum and all the others relying on it to fail. all exchanges have already disabled all these wallets.
Where are you seeing that the average transaction fees for Ethereum surpassed $1? The mining network hasn't failed, and is actually increasing exponentially right now.
you see the number in brackets in front of the text, that is representing a reference which is included at the bottom of the comment with the same number.
Don't know why but that amount of transactions still seems very low compared to credit card transactions... there is still a lot of space to grow...
The problem is, transaction fees are already so high that it's hard to justify using Bitcoin to purchase a cup of coffee, and Bitcoin processes 1000 times less transactions than fiat payment systems. And Ethereum or any other altcoin are in the same situation, so actually there's not much place for growth and adoption untill cryptocurrency protocols get major updates that will significantly improve their efficiency.
Totally agree. Bitcoin is not currently working as intended, because it's too costly for small transactions. Who will use bitcoin to buy a coffee if they fee is the same price as the coffee?
The current usefulness of Bitcoin is limited to large international transactions where traditional banking fees are higher and the transaction speeds are still slower.
the "intention" of bitcoin has never been to be used to buy coffee but at the same time it has never been only to be used as store of value. and the fee issue is just related to this year, it has never been an issue and hopefully it will become better in the near future.
I wouldn't take an overly simplistic fact like "Bitcoin has never failed" as proof of anything conclusive. First, "failed" is overly vague. If you mean it has never gone to zero, it's true but misleading in the sense that Bitcoin has not been without hiccups or controversies, not to mention crises. And don't forget all the exchanges that HAVE failed. Mt. Gox and Cryptsy are just two of them. There are others.
The spam attack has absolutely degraded the network. Most transactions are not affected, but many hundreds of thousands of transactions have been, and the result has been to push transaction fees through the roof. The average Bitcoin transaction fee is now over $5, where it used to be just pennies or fractions of a penny. Bitcoin is not nearly the perfect system your post seems to suggest. It's an interesting alternative to traditional banking transactions, but inferior in almost every way.
... and bitcoin has always been working as intended.
and besides i am simply pointing out that apart from all the things that Franky1 and others usually point out about flipenning and marketcap dominance, such as merchants adoption, etc which ethereum lacks, it also lacks another very important factor and that is
reliability
