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Bitcoin Is Worth Less Than the Cost to Mine It, JPMorgan Says
(
bloomberg.com
)
3 points
by
pseudolus
on Jan 25, 2019
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3 comments
sarcasmatwork
on Jan 25, 2019
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[–]
This place is a complete fraud. How can they still operate?
https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-frau...
bdcravens
on Jan 25, 2019
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Because Bitcoin is for the most part, unregulated. And in the big scheme of things, Bitcoin is a granule of salt in the universe of banks and fraud.
bdcravens
on Jan 25, 2019
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[–]
It has happened before. It'll happen again. This makes for a great news piece, but the idea that mining demand may fluctuate is built into the protocol.
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