Saturday, December 26, 2020

A Skeptical Look At Bitcoin/Cryptocurrency

 "What [bitcoins] lack is their own fundamental intrinsic value. You can’t do anything with a bitcoin, other than trade it for something you want. So, intrinsically, the bitcoin itself has no value. It only has value as a medium of exchange so long as people are willing to accept it." ~Peter Schiff

The links below are a representative sample of skeptical thought on a financial entity that reminds me of the Dutch Tulip Craze:






UPDATE: 5/23/2021: Paul Krugman

Let the buyer beware!!!  Following are links to information on one of the most prominent promoters of bitcoin: the promotion; the person behind it.

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Choose how you look at reality wisely. Yes, it is a binary choice.

Choose how you look at reality wisely. Yes, it is a binary choice.
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SCIENCE JUSTIFIES ITSELF

SCIENCE JUSTIFIES ITSELF
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