Thursday, June 23, 2016

A Bitcoin Battle Is Brewing (part 2)

The real Bitcoin scandal: revolutionary technology could end up in private hands
http://blogs.channel4.com/geoff-white-on-technology/real-bitcoin-scandal-revolutionary-technology-private-hands/2008

Australian 'bitcoin founder' quietly bidding for patent empire
http://www.reuters.com/article/us-bitcoin-wright-patents-idUSKCN0Z61GM


Mystery over bitcoin founder revealed ?
http://onlinedatingsoundbarrier.blogspot.com.ar/2015/12/mystery-over-bitcoin-founder-revealed.html




Please see: Hill, Austin, "Bitcoin: Is Cryptocurrency Viable?" (2014). CMC Senior Theses. Paper 902. http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=1848&context=cmc_theses
As for 2014,
47 people in the world own 28.9% of Bitcoins.
880 people in the world own 21.5% of Bitcoins.
10,000 (ten thousand) people in the world own 24.8% of Bitcoins.
1 million people worldwide have 20.7% of Bitcoins.
the rest is considered lost.


Bitcoin or other cryptocurrencies: at the same level to acquire shares of a company on the Stock Exchange, or bonds of an African country or disreputable unit shares in a mutual high risk fund.
The mining of Bitcoins seem to be a fraud, like taking a hammer and smash with that hammer 1m2 (square meter) of your home to collect a compensation, but that will not be enough to repair the damage.

Bitcoin seems like a big Ponzi scheme.

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