I thought bitcoin was 'legit' until I actually bought some in the summer of 2017. Before ever purchasing any Bitcoin, I assumed that transactions were either fr

I thought bitcoin was 'legit' until I actually bought some in the summer of 2017. Before ever purchasing any Bitcoin, I assumed that transactions were either free, or the fees were extremely low. However, after actually purchasing some Bitcoin and trying to move it between wallets, I found that the fees to make a transaction with Bitcoin are extremely high! In August of 2017 it cost me around $5 to make a single transaction using Bitcoin. At this point I knew for certain that Bitcoin would go to $0. Convenience store owners hate the $0.30 transaction fees currently associated with VISA debit cards, how do you suppose consumers and merchants are going to feel about $5 transaction fees? And the technology behind Bitcoin, blockchain, is equally ridiculous. In order to make a single transaction, one has to process a record of every other transaction that has ever occurred? That is a horrible idea.