Do not click the link guys, no one knows if that link could have malicious code inside, and nowadays, it is very risky to click on external links, specially on this forum, where there is targetted traffic.
Just an advice, if you want to post it, just quote.
I clicked the link in my Windows 98. My antivirus didnt fire off, so I think the link is ok lol.
Jokes aside, I read the beginning of the pdf file and decided not to finish it because its another propaganda-piece made by the bankers for the bankers. It has no scientific argument except that they "think" BTC is bad, not secure and a bubble.
These are the arguments made in the pdf file. Among them, I agree with one.
Bitcoin creation is wasteful, but only because I believe all cryptocurrencies should use Proof of Capacity.
- Bitcoin is too volatile to serve either as a medium of transaction or as a store of value. And this is structural.
- Bitcoin creation is wasteful. Bitcoin security is weak and it can get worse with quantum computing.
- The rise of Bitcoin facilitates illegal activity and may re-distribute wealth from the formal to the informal economy.
- The poor design means that bitcoin is likely a bubble. Other crypto-currencies are likely to take over.
- Timing of bubble peak is unclear government action could become a trigger
- Wealth effects of a failure of bitcoin would be meaningful in Russia, Nigeria, New Zealand and others.
- Another tripling of bitcoin prices to 60,000 USD could trigger government action
