graniter

All the big social sites and apps are free to use but rely on advertising for revenue. I often see complaints about this and many people say they'd rather pay for a social site, but I wonder. App.net was supposed to be a next-generation social platform but it fizzled out, even under much fanfare. Does a paid social website model really work, or are we fooling ourselves? Are there any good examples?

The past few days have shown what happens when many people attempt many transactions using Bitcoin. The network slowed to a crawl. Transaction prices went through the roof. And we still are at a point where only a tiny fraction of people are using Bitcoin, and only a tiny fraction of all financial transactions are using Bitcoin.

How is this expected to work with 7 billion people using it for every tiny financial transaction? I don't think it can.

I have owned BTC for 5 years and I am enjoying the rally, but with the high transaction fees, back log, and long transaction times, I wonder how well it can really work as a replacement for banks.

Am I wrong?