YC wants to let people invest in its startups through the blockchain
I bought some Bitcoin for a family member as a gag gift recently thinking we could have some fun paying each other with Bitcoin for little things like household chores and whatnot. This was my first time using Bitcoin, and I was shocked to learn that it costs roughly $5 worth of Bitcoin to make a single transaction using Bitcoin! The fee is known as a &quot;Bitcoin mining fee.&quot; I&#x27;m an open minded person and honestly believe d that Bitcoin might work prior to actually using it. However, after discovering the actual cost of using Bitcoin, it is clearly inferior to US Dollars in every way. Bitcoin is a scam, block chain is all hype, and everyone involved with Cryptomania is going to look silly when the music stops and someone has to eat the soggy biscuit.