The most biting critiques against bitcoin currently pertain to its scalability issues and the astonishing amount of electricity it takes to the secure the cryptocurrency's network. These critiques will fall by the wayside as the Lightning Network and green energy mining come into their own together. Also see: Comedian Ellen DeGeneres Welcomes Bitcoin to the … [Read more...] about The Future of Bitcoin? Green Energy + Lightning Network
As one half of the investing dream duo that makes up the revered Berkshire Hathaway company, Charlie Munger will forever hold a place in financial market history. But today Munger unloaded on bitcoin, calling it a “noxious poison” and telling a conference that bitcoin is "beneath" him and should be avoided like the plague, proving once and for all that bias affects even the … [Read more...] about Charlie Munger: Bitcoin Is ‘Noxious Poison, Beneath Me, Disgusting’
What's the stupidest thing you could do right now -- organize an ICO in the U.S., or eat Tide Pods? And is it true Roger Ver's life story was too crazy even for Alex Jones? Welcome back to the most outré take on the week's bitcoin and crypto news with Josh and friends on the latest episode of Junseth's World. Also see: Junseth's World Episode 26: Chicken Nuggers Subscribe … [Read more...] about Junseth’s World Episode 27: Intellectual Darkweb
Criminals are laundering "billions" using bitcoin and other cryptocurrencies, according to E.U. law enforcement agency Europol. Although director Rob Wainwright used the statistics to call for more industry and regulatory action to combat it, some commentators noted the amount is tiny compared to that passing through the heavily-regulated banking system. Also see: John … [Read more...] about Europol Worries About Billions in Bitcoin Money Laundering, but What About ‘Regulated’ Banks?
A new blog post by economists at the N.Y. Federal Reserve branch states that while cryptocurrencies are ideal when operating in a trustless environment, they do so at the expense of convenience and as such are not a “problem that needs solving”. Also see: What’s Going on with the MyEtherWallet – MyCrypto Takeover? Subscribe to the Bitsonline YouTube channel for great … [Read more...] about NY Fed Economists: Trustless Payments ‘Not a Problem That Needs Solving’