Bitcoin Is Not Dirty: It Is Radically Green
A common misconception, bitcoin is not a drain on the environment but an incentive for ever-increasing energy efficiency.Upon reading the opinion piece in the San Francisco Chronicle penned by Steve Westly, we are reminded of Brandolini’s Law, which we paraphrase here: "The amount of energy needed to refute misinformation is an order of magnitude larger than is needed to produce it.” In order to prevent wasting our own or our readers' time, we will rebut the claims made by Mr. Westly as succinctly as possible, relying upon the vast cannon of public data and writing that already....
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Dirty Money: You don't need Bitcoin to move it. Bitcoin arrived on the World scene in 2009. There are people, of dubious character, interesting people, that have been transferring dirty money throughout the World, a long time before 2009. They can be very clever in how they accomplish this, and Bitcoin, despite all of the media's bad press, still isn't their chosen method of cash transfer. The Economist magazine recently carried out an investigation of the size of this illicit trade. According to Balesh Kumar of the Enforcement Directorate there are examples of criminals utilising the....
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