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Ask HN: Why Do Bitcoin Startups Need Funds In "Real Money"?
If Bitcoin is the "future of money", then, I owuld expect them to start, operate and being a profitable corporate based upon Bitcoins only.
To me this is a bit like those "SaaS" products out there which require desktop installation...
- 27182818284 14y agoIsn't that like asking why Visa would use checks in the early days of its existence?
- t0 14y agoIn the case of Coinbase, they moved $15 million in Bitcoin with a fee of 1%, that's only $150k. They need more than that to pay salaries and operating expenses. You can grow much quicker with an investment instead of being held down by how much profit you have.