John McAfee challenges Jamie Dimon’s bitcoin skepticism

  • “You called bitcoin a fraud,” McAfee told CNBC’s “Fast Money” on Wednesday.
  • Miners invest “massive” amounts of supercomputing power and electricity in creating bitcoins, McAfee said.
  • “And the fact that bitcoin is consistently growing in its use and its value has to say something,” McAfee said.
  • McAfee made a lewd bet on Twitter earlier this summer that bitcoin would reach $500,000 within three years.
  • Plus, the long-term trend of bitcoin has been consistently up, McAfee added.

Dimon called bitcoin a “fraud” that will eventually blow up. McAfee disagreed.
Continue reading “John McAfee challenges Jamie Dimon’s bitcoin skepticism”

John McAfee challenges Jamie Dimon’s bitcoin skepticism

John McAfee challenges Jamie Dimon's bitcoin skepticism

  • “You called bitcoin a fraud,” McAfee told CNBC’s “Fast Money” on Wednesday.
  • Miners invest “massive” amounts of supercomputing power and electricity in creating bitcoins, McAfee said.
  • “And the fact that bitcoin is consistently growing in its use and its value has to say something,” McAfee said.
  • McAfee made a lewd bet on Twitter earlier this summer that bitcoin would reach $500,000 within three years.
  • Plus, the long-term trend of bitcoin has been consistently up, McAfee added.

Dimon called bitcoin a “fraud” that will eventually blow up. McAfee disagreed.
Continue reading “John McAfee challenges Jamie Dimon’s bitcoin skepticism”

Video: ‘Bitcoin will become the new gold’

  • Mr Matonis said that while human nature meant many remained sceptical about trusting Bitcoin because it was not backed by government, the new currency would endure. “
  • “Half of the world’s population is unbanked,” said Mr Matonis. “
  • “In five short years Bitcoin has issued 12m units valued at $6bn,” said Mr Matonis.
  • “No other virtual currency has ever done that in the history of modern economics.
  • The Bitcoin Foundation is a lobbying group founded in 2012 that is aiming to “standardise, protect and promote” the use of bitcoin, but Mr Matonis claimed that countries such as Argentina were already adopting virtual currencies widely as trust in government declined and inflation rates increased.

Virtual currency Bitcoin is approaching a tipping point, the Institute of
Directors heard today at its annual convention
Continue reading “Video: ‘Bitcoin will become the new gold’”

How The Payment Industry Is Innovating In 2016

  • Continue to monitor the payments industry and see what these trends could mean for you in the coming years.
  • 2016 will see the payments industry innovate, as new companies seek to disrupt it.
  • Online International Payment Platforms are Challenging Banks
  • Mobile payments have become an established part of the payments industry in the last five years.
  • By far the biggest change in the payments industry is with virtual currency.

Read the full article, click here.


@Pjotrww: “How the Payment Industry is Innovating (2016)

#blockchain #security #fintech #banking #moneytransfer #authentication”


The payments industry is one that has been growing at an incredible rate in recent years. Current forecasts predict that it will


How The Payment Industry Is Innovating In 2016

How The Payment Industry Is Innovating In 2016

Good read: How The Payment Industry Is Innovating In 2016. #security #blockchain...

  • Continue to monitor the payments industry and see what these trends could mean for you in the coming years.
  • 2016 will see the payments industry innovate, as new companies seek to disrupt it.
  • Online International Payment Platforms are Challenging Banks
  • Mobile payments have become an established part of the payments industry in the last five years.
  • By far the biggest change in the payments industry is with virtual currency.

Read the full article, click here.


@TheShawnBRyan: “Good read: How The Payment Industry Is Innovating In 2016. #security #blockchain…”


The payments industry is one that has been growing at an incredible rate in recent years. Current forecasts predict that it will


How The Payment Industry Is Innovating In 2016