Review: BitCon: The Naked Truth About Bitcoin by Jeffrey

BitCon - One man's opinion

"Q - The Bitcoin community claim they have created money without government if they live within the Bitcoin system. What’s your reaction to this claim?
A - But you cannot live within the Bitcoin system. It’s impossible. Sure, you can buy bitcoins with your dollars and fool some people into thinking you’re living on bitcoins. But you’re not. To manage it, you need a circular flow of income, and with bitcoins, there is none. Every time you purchase something with bitcoins, as soon as the sellers of the goods and services turn it over to Coinbase or Bitpay to convert it back to dollars or pounds, each purchase becomes a sale of bitcoins. That way, no one’s holding this stuff.
Equally, when you look at the real statistics, you find that a lot of the numbers the Bitcoin faithful claim as usage, are outright phony. The faithful say there are 110,000 transactions a day, but only about a thousand of those transactions are for the buying and selling of goods and services. The rest are miners moving bitcoins between different wallets and address, and gambling. On top of that, there is what’s called “the change factor” which means each transaction gets counted twice. Next, the faithful say, there are eight million wallets. What they don’t tell you is that almost all of them are either empty or near-empty. In truth, Coinometrics at Cambridge says that fewer than 250,000 wallets hold one bitcoin or more. That’s not 250,000 people, that’s wallets, and most people have multiple wallets. Based on that, I am correct when I say, there are more people who are members of the Kuwait Airways frequent flier club than there are people on the planet holding bitcoins."
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Interview with Jeffrey Robinson on the Bitcoin is dying and 'will be remembered like pogs' Bitfun/ coinpot mining BitCon author Jeffrey Robinson talks to CNN's Richard Quest about bitcoin the Jeffrey Robinson Bitcoin interview by Chris DeRose

What Jeffrey Robinson, the international best-selling author of THE LAUNDRYMEN, has done to upset the bitcoin faithful is demonstrate conclusively that, when it comes to bitcoin, what you see is Jeffrey Robinson is the author of 26 books, including biographies, investigative non-fiction, and novels. His latest novel, Trump Tower.He also wrote several books on money laundering, including Jeffrey Robinson is the international best-selling author of more than two dozen books, both fiction and non-fiction. and "The Takedown - A Suburban Mom, A Coal Miner's Son and The Unlikely Demise of Colombia's Brutal Norte Valle Cartel." Jeffrey Robinson Bitcoin interview by Chris DeRose - YouTube added almost 4 years ago. Jeffrey Robinson appears in the following: The Beginning of the End of Bitcoin? Thursday, January 15, 2015. The digital currency Bitcoin has fallen by 25 percent over the last two days. One Jeffrey Robinson portrays, M-Pesa or Amazon Payments as potential competitors to Bitcoin, but misses, among other things, that they do not work internationally. Amazon Payments only works in the US, the Kenyan M-Pesa only works in Kenya. International trade is a non-negligible proportion of global trade.

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Interview with Jeffrey Robinson on the "Pretend Currency, Bitcoin"

Jeffrey Robinson is a notorious Bitcoin skeptic and the author of "BitCon: The naked truth about Bitcoin". In this interview, Jeffrey and I discuss the culture and 'religion' of Bitcoin, his ... Watch CNBC's full interview with Berkshire Hathaway CEO Warren Buffett - Duration: 2:00:58. CNBC Television Recommended for you Jeffrey Robinson has researched for one year the world of Bitcoin and the outcome of this research is a book: "Bitcon, The Naked Truth about Bitcoin". In this book, Jeffrey pulls back the curtain ... Jeffrey Robinson (author of BitCon-The Naked Truth About Bitcoin) discussed the hype, spin and misinformation about the pretend-currency with Sky's Martin Stanford and bitcoin advisor Michael Parsons. Jeffrey Robinson, author of "BitCon - The Naked Truth About Bitcoin" discusses the failure and eventual demise of the pretend-currency bitcoin, with CNN's Richard Quest on Quest Means Business.

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