This was the theory behind Bitcoin as its inventor Satoshi Nakamoto had intended. Unfortunately today it has been corrupted by the big banking industry and corporate greedsters. Satoshi is gone, the original members of the team are gone, and everyone has been replaced with with new banker types. They have kept the working block size small intentionally to keep the process slow and expensive. They are developing instead, a parallel chain to work in conjunction with the original chain but with tons of small fees attached along the process. So unfortunately we are being forced to look to other, less corrupted coins for our true independence and freedom from corporate/government interference.