Comments by "" (@mrpmj00) on "Bitcoin, Based on Faith, Has ‘Nil’ Value, Grantham Says" video.

  1. Bitcoin is based on faith by cults, like every other cults
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  2. Bitcoin is a ponzi scheme. Bitcoin is bad as money. Imagine u offer to buy a house for $300k, at closing a week to a month later, bitcoin wildly fluctuates so either the buyer or seller is going to be PISSED OFF. WHAT STORE OF VALUE??? I DON'T understand the bitcoin craze. If someone wants to buy my house or car and wants to pay me with bitcoin, I'd say GO AWAY and don't come back until you bring cash or a cashier's check. Bitcoin and Tesla SPECULATION are gambling, not investing. The government needs to create a law that forbids companies from buying bitcoin. Bitcoin is not government insured if your money is stolen. Bitcoin is favored for illegal activities: druglords, money laundering, child porn, human trafficking, payments to Twitter hackers https://www.nytimes.com/2020/01/28/technology/bitcoin-black-market.html https://www.reuters.com/article/crypto-currencies-criminals/criminals-getting-smarter-in- use-of-digital-currencies-to-launder-money-idUSKBN28J1IX https://www.usnews.com/news/top-news/articles/2020-12-08/latin-american-crime-cartels- turn-to-crypto-to-clean-up-their-cash https://www.wsj.com/articles/treasury-department-proposes-new-requirements-on- cryptocurrency-transactions-11608329785 https://www.zdnet.com/article/btc-e-founder-sentenced-to-five-years-in-prison-for- laundering-ransomware-funds/ https://beincrypto.com/29-million-in-bitcoin-seized-from-dutch-dark-web-money-launderers/ https://thenextweb.com/hardfork/2019/09/13/scammers-are-now-selling-stolen-cash-for- bitcoin-on-the-dark-web/ The carbon footprint of mining and the over all control that China has over this system. Yes people, more than 60% of the mining power is located in china.
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