Bitcoins
Bitcoins
Aug 8, 2017 · 1 min read

I read it after hearing Chris Derose interview him, I loved the early days of bitcoin, the theory behind it, the community, but I’m very frustrated with the scammers and scumbags on the peripherals and I really think the ICO thing is out of hand. I just think the space needs some balanced opinion.

I just saw a tweet that linked to an article that says “blockchain can cut climate change….” I wondered if the author realises how much elecrticity is taken up by mining.

I love trading, watching the numbers, the patterns and everything else but I’m waiting for another scam on the scale of MTGox or the DAO, most of these “companies” (ICOs/scammers) that have market caps of 100mil plus are, in a lot of cases just ideas, or unworkable, unefficient versions of things we already have.

I think I like risk….. informed gambling maybe. I liked in your post that you can admit to losing 20K on the stock market!! I have done a similar thing. I’ve also made some money, in stocks and now in cryptos, so although I don’t agree with a lot of the hype, I am still jumping in and out making a quid here and there. This year though, more than ever, I’m nervous that it’s all going to go south!!!

I hope I’m wrong. Or if it does, I hope it cleans the air a little.

Digibyte should be worth watching as well. ;-)

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