To be clear, Bitcoin is absolutely worthless by any real measure. It’s fake money that’s about as practical to use in the real world as Monopoly bills. Bitcoin is backed by nothing and requires tremendous amounts of energy to mine using computers. As it becomes more difficult to mine, it saps more and more energy, causing millions of tons of carbon dioxide to be pumped into the atmosphere and accelerating climate change. Bitcoin is little more than a speculator’s death cult at this point.
Bitcoin is so rife with scam artists that Google and Facebook banned cryptocurrency advertisements on their platforms last year. Facebook said it had taken the action because cryptocurrencies were, “frequently associated with misleading or deceptive promotional practices.”
Eulogy made by Matt Novak
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