The Daily: Tricks to Present Bitcoin as a Villain
In these days ‘The Daily’ is all about dirty tricks, the type of tricks is designed to convince the world that bitcoin is not good, Spending bitcoin, mining it or allowing the Chinese to mine bitcoin ahead of US.
According to the American Express, it’s all bad, the White House and the problem of other haters. Unnecessary to say, we will set the records straight on all counts.
American Express, took the decision to promote a tweet, highlight the energy consumption of Proof-of-work cryptocurrencies has been met with surprise, in this bitcoin describing the act as “anti-crypto propaganda” As one Redditor jokes: “Ah we’ve moved into, then they fight you with shitty marketing phase.” Mining is the most widely misunderstood component of the Bitcoin and one in which the corporation & media usually get wrong.
News.Bitcoin.com recently noted that “you will frequently hear from mainstream media and uninformed economists that the bitcoin burns more of the energy than a whole country and you will be so surprised to hear something that you are never being told- the better way is to burn excess energy instead of wasting it.”
Readers can reach their own conclusions as to why American Express may be interested in playing up bitcoin energy consumption, but it’s safe to say that environmental discuss have nothing to do with it.
How many of you think that does the White House gives to bitcoin mining, “Not much” will be the most people’s reaction but most of the people did not work for Ripple.
On Oct. 16, in Forbes yesterday titled that “China’s Bitcoin Dominance is worrying Donald Trump’s white house- and pushing it to Ripple cause derision in most quarters of the cryptocurrency space.
The passionate bitcoin haters share the Forbes article, declares that the white house was ‘waking up’ to the risks of Chinese mining pool and give credit to the White House testimony with showing the “National Security Risk” of enabling to China to control the 80 percent of the bitcoin mining.
By news Bitcoin.com, the location of the cryptocurrency mining has no posture on the network’s security in President Trump daily information.
You have all heard about Bitcoin maximalism and its time to say hello to post-Bitcoin maximalism, which is the next level of weakness.
On Oct.15, a widely shared post publish and takes aim to those who wish to define about what Bitcoin is and how it can be used. As bitcoin grows stronger, and attack against it from the government, from payment providers and from concern troll will only increase and increase. It’s a dirty war.