Is Bitcoin Failing, or We Failing Bitcoin? (Op-Ed)
Is Bitcoin failing as a new currency? It's never said outright, but it is implied, inferred, or subject to innuendo. The rhetoric is coming from many of it's earliest and most ardent supporters in the corporate world, but are they right? Are they just being impatient that it is not growing fast enough for the demands of their stockholders? Are they mismanaging their business plan, being dependent upon Bitcoin's US dollar value? Do they have a point? Is Bitcoin itself the problem? Is Bitcoin failing, or are we failing Bitcoin? First, let's review the rhetoric, which has gained momentum over....
Related News
From Brazil to Argentina to Turkey, bitcoin priced in local currencies is reaching all time highs. But is this a story of bitcoin succeeding, fiat failing or both?
California attorney Charlotte C. Lin is planning to launch an investigation in cryptocurrency mining manufacturer KnCMiner, an announcement reveals (hat tip to Coin Fire). Lin, who practices in a number of legal areas that include DUI defense, immigration, employment, and more, has launched a website at "kncclassaction.com" for the cause. According to the announcement, the firm is actively "investigating KNCMiner for possible breach of implied warranty of fitness, misrepresentation, and other violations of law by failing to provide a functional or usable product, false advertising; failing....
Solana (SOL) recently experienced a price pullback after failing to break below the crucial $118 support level. This rebound indicates strong buying interest at this support level, preventing further declines and stabilizing the price. The $118 mark has proven to be a resilient support, with market participants closely watching Solana’s price action for signs of […]
Bitfinex’s “bail-in” scheme after a major theft raised questions regarding its risk and fund management. What can we learn from the recent bail-in event? To answer, a look at the result of the bail-in, and how it differs from central bank bailouts is necessary. With central bank bailout schemes in place around the world, many who are new to the concept....
The legal representative of victims of the Onecoin bitcoin scam operation, Jonathan Levy, has accused the Bulgarian prosecutor of deliberately failing to take action against Onecoin. The lawyer said due to the prosecutor’s inaction, more victims are losing millions of dollars to the fraudsters.
Prosecutor Refusing to Take Action Against Ruja Ignatova’s Mother
A lawyer representing victims of the Onecoin bitcoin Ponzi scheme, Jonathan Levy, has suggested that the criminal scheme’s masterminds may be getting protection from the Bulgarian chief prosecutor, Ivan....