“Using Bitcoin to facilitate a crime is one of the stupidest things a criminal could do, since crypto transactions are transparent to all, can be traced, and are recorded forever in the blockchain. I can think of much better ways to hide transactions — cash, for example.”

Great article, so glad to see Tomer Federman put Krugman in his place – "5 things Paul Krugman gets wrong about crypto": https://medium.com/federman-capital/5-things-paul-krugman-gets-wrong-about-crypto-fda8577f5362

submitted by /u/StandardCA
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Bitcoin – The Currency of the Internet

Bitcoin price rarely correlates with bad/good news or when the news come out, things have already been done

When Bitcoin price moves, these 'cryptocurrency experts' just look for Bitcoin news that fit. Let's say price goes down significantly (most likely just a few whales that sold with winnings). Now the roving reporters search the web for bad Bitcoin news and present them as a reason for the drop.

Pro tip: When the news come out, things have already been done.

submitted by /u/DeathThrasher
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Bitcoin – The Currency of the Internet