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Fund Manager Warns Bitcoin Is Pointless and ‘a Particularly Vile Asset Class’

Tim Bond, a portfolio manager at Odey Asset Management, has warned that bitcoin is pointless, calling the cryptocurrency “a particularly vile asset class.” He claims that bitcoin has no real social utility other than as a tool for speculation and a means to launder the proceeds of crime. Fund Manager Sees Bitcoin as a Vile […] дальше »

2021-3-15 04:15


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Central Bank Cryptocurrencies Are Pointless, Says Ex-Federal Reserve Chairman

The perceived inevitability of central bank-issued digital currencies on a global scale has been a hot topic of discussion for a while now. With China reportedly going ever so close to releasing the world’s first nationalized digital currency, central banks in most major economies are under immense pressure to follow suit — or at least […] The post Central Bank Cryptocurrencies Are Pointless, Says Ex-Federal Reserve Chairman appeared first on BeInCrypto. дальше »

2019-11-14 11:44


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Former U.S. Fed Chairman Alan Greenspan Discusses Digital Currencies and Libra

Alan Greenspan, the second longest-serving chairman of the Federal Reserve, has denounced sovereign digital currencies as pointless at an economic conference in China. According to CNBC, Greenspan also criticized Facebook by claiming that the sovereign credit of the United States was stronger than anything Facebook could create or imagine, November 12, 2019. дальше »

2019-11-13 18:00


Microchipping your employees will always be dehumanizing — and pointless

You may have heard of the latest approach to authentication in businesses: inserting microchips into their employees.   While this approach has worked wonders in the pet community, helping returning lost furry friends to their owners, the use of microchips in a business environment is not only dehumanizing, it’s also pointless. дальше »

2019-8-17 18:00


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5 Absurd and Pointless Cryptocurrencies You Can Buy, but Probably Shouldn’t [Featuring Titcoin and Trumpcoin]

Most people, upon entering the crypto space for the first time, are usually surprised by the sheer large number of digital currencies currently available. From just one a decade ago, the number of cryptocurrencies in the biz today has gone all the way up to more than 1,600. дальше »

2019-2-16 15:59


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Mining startup dumps unprofitable users, blames it on Bitcoin price drop

Popular cloud based cryptocurrency mining service, Genesis Mining, is calling it time on lower tier Bitcoin mining contracts after claiming they’ve become a pointless endeavor. In a Genesis Mining blog post (spotted by Cryptovibes), the cloud mining firm stated that it will no longer continue to support its lower tier Bitcoin contracts. дальше »

2018-8-16 16:34


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Next Up, A Central Bank Digital Currency For The Bahamas

The Bahamas, a Caribbean paradise, or an area of poverty masked by tourist ideology, is the next country to allegedly be dabbling within central bank orientated cryptocurrencies. Such currencies, also known as Central Bank Digital Currencies (CBDC) are being used in experiments worldwide to investigate how cryptocurrency could be used to help enhance or compliment sovereign FIAT currencies. дальше »

2018-6-26 04:00