It is a quantization problem.
Bitcoin(s) work great for any industry that need central bank neutrality and has pricing quants in the 100-1000 dollar range. The blockchain provides central bank neutrality in that pricing range. The gain from neutrality more than pays the miner congestion fees.
A well supported industry is the international travel industry. The travel industry is generally a limited supply, reservation system, well matched to a public block chain. But do not expect to buy lunch at your travel destination, you cannot justify the congestion fees. This is the center of the debate, the range of price quants supported.
The solution will be secure intelligent cash card. As part of your travel costs, you will exchange some of your bitcoin for the custodial bitcoin at the hotel desk, and the hotel desk can clear these locally. The custodial bitcoin trades at par, the hotel carrying currency risk. But the risk to the hotel comes with a gain, efficient international pricing.
The hotel already bears international FX risk, hence it can bear the small additional risk from local spending in town. Some Swiss towns recently pulled a similar stunt, fixing prices in the Euro for specified tourists. Sandbox supports a virtual bank, or an implicit fractional reserve process managed by the hotel desk.
This is how we will work it, the blockchainers need to get with the program.
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