Exchange charges me 0.00040000 to send BTC
0.00040000 = $ 0.30 US

Micro transactions are way below a penny, and much less on foreign currencies.

Say I received enough payments of micro transactions to reach a penny in payment.
Are you going to pay 30 US cents to send me 1 penny (0.00001 BTC) .
(1 US penny = 134.228 Indonesian Rupiah)

You will not be in business very long.  

BTC price has risen too high to be suitable for micro payments because the fees to send BTC are multiple time greater than the micro payment itself.

Quick comparisons
Exchange  charges me 0.00010000 to send LTC
0.00010000 of LTC is much less than a penny

So for a coin to be suitable for micropayments it can't cost me more in fees than the amount I want to send.  

 

One probable reason why ChangeTip did shutdown I suppose. Microtransactions using btc is no longer feasible.

Yes. Because there is really nothing in control. They could dictate the movememt by using their large amount of coins but still it would go back to reality that they cannot control it. No one can.

I dont think so , no one is controlling btc.

This is nothing but empty verbiage

Right now the Chinese miners are rejecting a lot of transactions (with over 60k transactions pooled for confirmation), and you are still going to tell us that Bitcoin cannot be controlled? Basically, they can do with it almost anything. Right after Trump had been elected as the next POTUS, I warned people that the miners from China might retaliate for his harsh words about their country, that it was stealing American jobs, subsidizing production and doing things like these, and now we might be witnessing the Chinese miners doing exactly that

If you think this is anything other than there not being enough room in a maxblocksize block for all the transactions that people would want to transact, your going to have to explain your reasoning. From the number of transactions processed per day : https://blockchain.info/charts/n-transactions?timespan=30days we are clearly on an unbroken trend.

IOW, I'm saying that your assertion that this backlog is due to some sort of intentional miner control action is dead wrong.

Your reasoning is unpersuasive. You do not seem to understand the fact that miners mine on empty blocks in the interval of time between the discovery of a new block, and the time they can have a new list of transactions bundled into a new block upon which to mine. There is a non-zero time during which this occurs.


You also seem to miss the concept of variance. Yes, on occasion, there are an unusually large number of transactions processed per day. So what? On other days, there are an unusually small number. Have you looked at a windowed average? The trend is clearly upward.


On Nov 8, the average number of transactions per block was 1837.
On Nov 17, the average number of transactions per block was 1864.
Latest available -- Nov 21 -- the average per block was 2132. Which is, in fact, the second highest ever (2016 Nov 3 was 2138).

Your cherry-picked dates are working to disprove your thesis.

Source: https://blockchain.info/charts/n-transactions-per-block?timespan=all

China is not controlling BTC, but it has a huge influence. Most volatility in crypto currency happens when the exchanges in China opens.

I think no. Maybe the larger user or investor are more usually in China. More of the businessman in China is now in Bitcoin world they ise it more in trading and investing knowing that the value of btc is increasing as it is now.