Bitcoin Mining ’50 Times More Useful’ – Barry Silbert Rebuts Energy Cost vs. Gold

Cryptocurrency industry figures continue to hit back at negative stories about Bitcoin mining in mainstream media, Barry Silbert claiming mining Bitcoin was “50 times more useful” than gold. What’s In A Number? In a tweet November 6, the Digital Currency Group founder and CEO rebutted claims over Bitcoin mining which originally surfaced in the Nature […]

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How Self-Proclaimed Tech Know-Nothing Paul Krugman Got it Wrong… Again

For a man who, 20 years ago, claimed, that the internet would impact the economy no more than the fax machine, you’d think that Paul Krugman would know when to say nothing. But the economist and Nobel laureate took aim at cryptocurrency in a New York Times column earlier this year, as reported by Bitcoinist. […]

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‘Uncanny’: Historic Gold & Bitcoin Price Charts Almost Identical

Many have compared Bitcoin to gold with some even referring to the former as “digital gold.” As it turns out, the historical performance of both assets reveals notable similarities. ‘Uncanny’ Resemblance Bitcoin, being a fairly nascent asset, reveals serious similarities to the yellow metal in its performance. As seen on the chart below, the resemblance […]

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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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