Posted by alienfocus
MARTIN HUTCHINSON PREDICTS 2015 ‘DEMISE’ OF BITCOIN
P. H. Madore Bitcoin Opinion, News 9 Comments
Retired investment banker and former US Treasury adviser to Croatia Martin Hutchinson recently penned a hit piece in which he made clear two things. One, he does not understand how Bitcoin mining works and two, this lack of understanding leads him to believe that Bitcoin will fall flat on its face in 2015.
In his article for the Reuters Breakingviews site, he uses outdated metrics as well as a clearly weak understanding of how cryptocurrency works to make this prophecy.