RATE Group | Bitcoin Is a Long Con Aimed at Those Least Able to Affort It – Mother Jones
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Bitcoin Is a Long Con Aimed at Those Least Able to Affort It – Mother Jones

09 Dec Bitcoin Is a Long Con Aimed at Those Least Able to Affort It – Mother Jones

Posted at 22:26h in Bitcoin News by

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Here’s a fairly typical email I got in response to my post last night about Bitcoin:

You write reckless articles without dd , s recent international survey shows bitcoin mining is 60% mined with renewables on top of that your foolish article is reckless because as price dropped it also reduced the difficulty by 24% in the last week , the lightning network has grown by 16000% in 2 months .

Please let me know what info you would like to know about crypto since you are clueless .

Thank you
Finance Director
John P….

This is one of the reasons I continue to say that Bitcoin is a con. This email is obviously illiterate nonsense, but it’s a typical defense of Bitcoin and it’s the kind of thing that keeps innumerate chumps pumping money into the crypto market.

As near as I can tell, the Bitcoin market is split between cutthroat Chinese miners running huge racks of servers, and hopeful…

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