“Where Money Goes to Die” – AlephBlog | $4,363.02

Last updated on September 7th, 2017 at 10:36 am

I’ve written about Bitcoin before.  It has three main weaknesses:

No intrinsic value — can’t be used of themselves to produce something else.

Cannot be used to settle all debts, public and private

Less secure than insured bank deposits….

I commented in my Bitcoin article that it was like Penny Stocks, and that’s even more true with all of the promoters touting their own little cryptocurrencies.  The promoters get the benefit, and those who speculate early in the boom, and the losers are those fools who get there late….

Ultimately, most of the cryptocurrencies will go out at zero.  Don’t say I didn’t warn you.

Eulogy made by David Merkel


Ofir Beigel

Owner at 99 Coins ltd.
Blogger and owner of 99Bitcoins. I've been dealing with Bitcoin since the beginning of 2013 and it taught me a lesson in finance that I couldn't get anywhere else on the planet. I'm not a techie, I don't understand "Hashes" and "Protocols", I designed this website with people like myself in mind. My expertise is online marketing and I've dedicated a large portion of 99Bitcoins to Bitcoin marketing.

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