My $80 is from the presumably 4 $20 BTC transactions you would need to get from fiat into altcoins.
I learned about the giant transaction fees from a post here yesterday. They stated that there is a "sea" of $5 bid transactions that will literally never get picked up. Is that not true?
How long do $20, $15, and $10 transactions take?
The reason I'm shocked by all of this is that I got second hand BTC propaganda back in 2014, and the whole pitch to the retail sector is that they were suckers for paying Visa 30 cents a pop. If bitcoin is now no longer remotely competitive with established payment methods, then it can't possibly succeed in its fundamental goal. That seems like it should be a big deal.