How SegWit could ruin Bitcoin

If you haven't heard, recently bitcoin has gone through some network upgrades. In this process a new technology known as "Segregated Witness" A.K.A. segwit has replaced the old block size of 1mb to a new and improved 8mb. What this means is that the network isn't congested, and therefore transactions can be faster, and have lower fees. Unfortunately segwit has caused some difficulties, and sending through the new segwit network has a few drawbacks, one being that in my case everytime I try to send bitcoin it always seems to have the same transaction fee of 0.00115596 BTC (worth $5.06 USD) in network fees. While this wouldn't be bad for sending large transactions, small transactions have such a high fee relative to the amount sent, it becomes unreasonable to send it in the first place. This is a huge road block for bitcoin hitting the mainstream, if this isn't fixed than how could bitcoin compete with a service like paypal, or even fiat currency? Our only hope at this point is services like lightning network, which is completely separate from the main blockchain. Lightning network requires no confirmations making it instant, it is essentially like Dash.

Only downside is that its not quite as secure, but do you really need your cup of coffee you purchased to be on the blockchain permanently? So at the end of all this what do you think? Are these the end times for Bitcoin or will ingenuity save Bitcoin? Leave your opinion in the comments.

Check out how lightning network works: https://lightning.network/
Check out how segwit works: https://segwit.org/understanding-segregated-witness-905cc712c692

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