That transaction fee is itself highly variable & dependent on load, though. The more people that actually try to use bitcoin to transfer money, the more expensive it gets. It actively resists using it to transfer money.
That, combined with the long transaction times, make it completely useless as a general purpose currency. You can use it as a variant on a wire transfer, where you only use it for rare, large transactions. And even then only one where you're ok waiting load spikes out (which can last for months as was the case in the first half of 2021). But then you're still spending extra time & money on each side of that transaction moving back out of bitcoin and into something usable for "normal" transactions.
> I think you have a misunderstanding of what exactly web3 is. All the apps with any traffic (loans, gambling, NFTs, insurance, derivatives) are using the money transfer capabilities of blockchain. It's the whole point.
But that's not what web3 proponents claim it is. Yes right now all the "web3 dApps" are money-related (or less charitably but more accurately, pyramid schemes), I don't disagree with you on that at all. But the claims are that it can be a decentralized replacement for web2. And web2 does a whole lot more than just shuffle money around.
That's why it's billing itself as "web3" and not, idk, "visa2".