The price of bitcoin fell 9%
I am a regular person, not stupid, but not brilliant and yet I knew that this “bit coin” thing was going to crater.
Now, I think I’m a genius.
WTH is bitcoin after all. I don’t want to know.
“WTH is bitcoin after all. I don’t want to know.”
As far as I can tell, it’s a recognition of the expenditure of electricity.
Nothing more than intangible digital currency....intangible ‘asset’. Much in the same degree as someone in a video game using real money to buy pixels....yes, pixels.
And given how many cryptocurrency agencies were blocking folks from selling their cryptocurrency back into actual cash for the days it was cratering the first few days of this week/past week, smells like one huge ponzi scheme imho.