Wowie, wow, wow! The best takedown of Bitcoin myths I've seen in quite a while! I love what Bitcoin did for the industry but we've got to stop spreading myths.
If you really want to be an educated investor, study Austrian economics. The idea that the value of something is driven by what it cost to make it (Bitcoin Theory 101) is thoroughly debunked here.
John Macafee Accidentally Revealed Why Bitcoin is a total Fraud
I'll do it in less words.
What is the cost to produce the contents of a major city's land fill dump?
What is that dump worth?
The value of a coin depends only on its supply and demand.
Oh, and China could order just three mining CEO's to change their code to China's specs and Bitcoin would be forced to adopt the new code.
Decentralized my donkey's hind end.
For the fair and balanced record, here are some favorable comments from Zero Hedge about what bitcoin is good for...
What Jamie Dimon Got Wrong About Bitcoin Tulips
