The co-founder of Bitcoin.com finds Bitcoin "unusable" then sells all his fortune.

Emil Oldenburg, co-founder of the popular Bitcoin.com platform, has sold all his Bitcoins, deemed "virtually useless", to prefer Bitcoin Cash. In his eyes, this transition is inevitable for lovers of cryptocurrency.

The continued rise in the value of Bitcoin - which has recently crossed the 10,000 $ mark - is not only happy. Emil Oldenburg, co-founder of Bitcoin.com, a crypto-currency reference site visited every month by more than 15 million Internet users, has surprised more than one user by opting for a radical approach.

Judging the motto "virtually useless" at this point, he preferred to sell all his Bitcoins, as he explains to Swedish media Breakit: "[Bitcoin] is the riskiest investment you can make. [...] I [sold everything] to switch to Bitcoin Cash. This motto, born of a "schism" of Bitcoin, succeeded, in just a few months, to become third in crypto-currencies - with 58 billion $ in capitalization on December 20 - behind the Ethereum and the Bitcoin.

In the eyes of Emil Oldenburg, the significant transaction costs, as well as the delays of validation of the operations in question, are two major obstacles in the use of Bitcoin - tackled broadly and crosswise in the last issue of Club Internet

A preference for Bitcoin Cash
"When I sold my Bitcoins, I had to pay 50 dollars and wait 12 hours for the transaction to be validated. This is excessive, "said Oldenburg, justifying his preference for Bitcoin Cash, with much lower transaction costs, and to which he now devotes the development of his site.

The flight currently known by Bitcoin encourages some people to invest heavily, like those Americans who are willing to mortgage their home to buy cryptocurrency.