Why Cryptocurrency is Broken

In recent years cryptocurrency transaction fees, commonly referred to as gas, have increased dramatically. The fees are a flat fee that users “freely” add to their transactions to incentivize miners to pick them up faster. Trouble is almost any service you use these days requires the fee to be paid and often calculates the average gas rate and give you no say in how much or little you add. This has made micro transactions extremely costly to send. So, if you want to buy $20 of a coin first you have to pay teh exchange fee to convert money/credit to cryptocurrency, then you have to pay a gas fee to send…