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The Bitcoin debate: Max Keiser vs. Steve Keen

Summary:
I'm going to place my bets that Steve Keen is right, what about you? But Max Keiser might seem a bit crazy but he is really a very clever guy.  Anyway, I'm not a risk taker and if I had some Bitcoins I would hang onto them for a short while and then get out well before it crashes.Is this more tulips? [embedded content] How much energy does bitcoin mining really use? It's complicated Bitcoin hype has reached an all-time high. But if running the bitcoin network uses up as much yearly electricity as a medium-sized country, is it worth it? Wired - How much energy does bitcoin mining really use? It's complicated

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I'm going to place my bets that Steve Keen is right, what about you? But Max Keiser might seem a bit crazy but he is really a very clever guy.  Anyway, I'm not a risk taker and if I had some Bitcoins I would hang onto them for a short while and then get out well before it crashes.

Is this more tulips?

How much energy does bitcoin mining really use? It's complicated


Bitcoin hype has reached an all-time high. But if running the bitcoin network uses up as much yearly electricity as a medium-sized country, is it worth it?


Wired - How much energy does bitcoin mining really use? It's complicated

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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