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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 379.87+0.4%Nov 11 4:00 PM EST

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To: Maurice Winn who wrote (136992)12/3/2017 2:08:00 PM
From: Elroy Jetson  Read Replies (1) of 217706
 
As more people come to realize the immense inefficiency and transfer costs associated with Bitcoin and other clockchain programs, they will be relegated to usage only by international criminal organizations to facilitate transfer of large amounts of value, and will soon become useless even to criminal networks as governments continue to force disclosure of ownership and transactions.

The sad truth of cryptocurrencies for criminals is transferring ownership of fractional blockchains is more costly than traditional means of laundering money.

A "currency" which requires society to allocate a major percentage of their daily electrical production simply to facilitate money transfers, and cannot update transfers in a timely manner, is inferior to virtually all existing alternatives.
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