Without the immediacy of face to face contact and the lack of reporters you are unlikely to see too much about it but as Liam Halligan points out in his excellent article Jackson Hole 2020 is likely to be “Among the most important international meetings of my lifetime.” The reason for this is of course QE or printing money. What’s more, mining through articles published in The Guardian, Reuters, Forbes, Wired, BBC, Ars Technica, Al Jazeera and the likes, I’ve noticed that some central arguments are used bidirectional. Let’s tackle the pros first; another blog post on the cons will follow soon. 7 Common arguments in favor of Bitcoin: 1. I just came across a column from British financial commentator Liam Halligan that is one of the most terrifying things I've read in a while. It is nominally about the rise of Bitcoin, a recently ... The core of the argument is simple. To work as intended, the Bitcoin system requires atomistic competition on the part of the ‘miners’ who validate transactions blocks in their search for newly minted bitcoins. However, the mining industry is characterized by large economies of scale. Bitcoin is useless, unsafe, and dirty: this new report is withering in its verdict ... Bitcoin 'mining' alone uses as much electricity as Switzerland, ... Liam Halligan 03 Oct 2020, 12:00pm
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