phaecops
Bitdigester
phaecops

There’s a lot of smart hedge fund money dealing in bitcoin at the moment. Institutional investors are buying the 1800 new bitcoins created each day directly from miners so they can pay their $7,000,000 per day electric bill. That’s a lot of money to be putting into a Ponzi scheme. LOL

David Lynch is a unique cultural treasure. He is the only artist permitted to develop fine art for mass TV audiences. He weathers criticism for breaking the rules of film narrative because his improvisational story lines astonish us with entertaining alternatives. 

If the author had bothered to familiarize himself with the math behind Bitcoin he would know that Chinese dominance of the mining operations is irrelevant to the integrity of Bitcoin and its future. The beauty of Bitcoin is the proof-of-work “mining” process which  of guarantees the immutability of blockchain

You, like the author of this article misunderstand the allure of Bitcoin. The future predicted for Bitcoin is not so much as a currency but as unit of account for the blockchain, the public ledger that through the proof-of-work process enforces honesty on all who use it. The Blockchain provides something unthinkable