Bitcoin Mining: Three Reasons Why Energy Consumption Rhetoric Is Pure Nonsense

When they aren’t bashing Bitcoin as a bubble, nocoiners can usually be found trying desperately to prove how the activities of miners will bring about the end of the world. Here are three reasons why the energy consumption rhetoric is utter garbage. The Global Energy Misconception The pseudo-environmentalist brigade will have you believe that Bitcoin […]

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This New Bitcoin ‘FUD Dice’ Makes Paul Krugman Obsolete

As cryptocurrency prices continue to trigger Bitcoin naysayers, data monitoring site Coinmetrics.io co-founder Nic Carter has sought to rebuff them once and for all – with FUD dice. ‘You’ve Heard Of Bitcoin. You Do Not Like It’ A part of a tongue-in-cheek blog post September 9 aimed at famous crypto critics such as economists Robert […]

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The FUD Goes On… BofA CTO and Noted Economist Try (and Fail) to Call Out Bitcoin and Cryptocurrencies

Adam James · May 12, 2018 · 5:00 am While Bitcoin and the cryptocurrency market goes through what some might consider a healthy pullback, two figures in the world of traditional finance have taken yet another shot at Bitcoin and cryptocurrencies. ‘Designed to be Not Transparent’ Bank of America’s chief technical officer, Cathy Bessant, believes […]

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‘Mr Money Moustache’ Calls Bitcoin, Gold ‘Waste Of Energy’

Wilma Woo · January 15, 2018 · 9:00 pm UK newspaper The Guardian has published outright warnings not to invest in Bitcoin or gold, describing them as a “waste of human investment energy.” Bitcoin ‘Like Mr. Money Moustache’s Fingernail Clippings’ In an extensive post arguing that trust principles of fiat currency are superior to decentralized […]

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