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RE: Bitcoin's Fee now down to more "reasonable" levels.
The fact is that lower usage means lower fees. In fact, transaction costs are at their lowest now for 18 months. It’s a simple case of supply and demand.
Of course, it’s not just a case of usage. The new SegWit fix is designed to increase efficiency, which will undoubtedly have a continued impact. But, across the board, transaction volumes are down around 60%, meaning that there isn’t the same kind of backlog. This is added to the fact that Bitcoin has been rejected by major banks and credit card providers of late, meaning that it simply hasn’t been an option for many would-be transactors: Bitcoin Fees Have Dropped Dramatically As The Currency Is Hit By Low Usage
Yes but it is certainly more than just a 1 to 1 ratio. Transactions are down 60%, yet fees are down 98%. That tells me it is more than just a reduction in transaction volume.