Does it matter? My point was that Bitcoin transactions are not cheap, that only looking at the transaction fee is misleading. The electricity costs per transaction are currently 200 times larger than the transaction fees, not accounting for hardware costs or any profit for miners. So the whole thing has to change a lot if you want a sustainable system with transaction costs close to transaction fees.
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Of course you have also done the calculation for the current system right?
Hundreds of thousands of people involved in making the current system work. Legislation and so on.
Does it matter? My point was that Bitcoin transactions are not cheap, that only looking at the transaction fee is misleading. The electricity costs per transaction are currently 200 times larger than the transaction fees, not accounting for hardware costs or any profit for miners. So the whole thing has to change a lot if you want a sustainable system with transaction costs close to transaction fees.
Yes it matters as thats also part of the cost.