Last updated on June 16th, 2017 at 09:37 am
Cryptocurrencies, or cyber currencies, which have been in a massive financial mania until their sudden sell-off this week, have two actual uses: online gambling and money laundering. Neither is the heart of a major business model. But that’s it…..
Online currencies are hardly a “store of value” when they have fallen about 30% in a week.
Eulogy made by: Brett Arends
Latest posts by Ofir Beigel (see all)
- “JPMorgan CEO Jamie Dimon says bitcoin is a ‘fraud’ that will eventually blow up” – CNBC | $4,367.12 - September 12, 2017
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- “Why China Crushed Bitcoin” – Forbes | $4,450.15 - September 9, 2017