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Follow on Google News | New Book Debunks Myth Of BitcoinBy: Jeffrey Robinson LAYS BARE THE ‘NAKED TRUTHS’ The international best-selling author of THE LAUNDRYMEN pulls back the curtain on the digital currency craze to prove, as he says, “When it comes to bitcoin, what you see is not necessarily what you get.” International best-selling investigative journalist Jeffrey Robinson spent more than a year trekking through “Planet-Bitcoin” He spoke with big players and small players, economists, tech analysts, bankers, cryptographers, digital engineers, entrepreneurs, venture capitalists, businessmen, regulators, get-rich-quick schemers, wannabes, political anarchists, and the “rock stars” of the eco system - from “Bitcoin Jesus” Roger Ver and now convicted bitcoin felon Charlie Shrem to Overstock’s Patrick Byrne and venture capitalist Marc Andreessen - all of whom have a stake in bitcoin’s brilliant future or abject failure. He deconstructs the great promises made by the “Faithful”: And he separates the myths from the naked truths, one by one. He questions the get-rich-quick scheme of the Winklevoss twins; the rip-off bitcoin wannabe flogged by an off-the-reservation native American; and the illogic behind bitcoin ATMs – “For every bitcoin ATM in the world, there are 1680 condom machines in American gas station toilets.” He explains how companies who supposedly “accept” bitcoins don’t really want to have anything to do with them; then sings the praises of Satoshi’s blockchain technology and of bitcoin off-shoots like ColoredCoins and Ripple. Writing with typical wit, humor, and his jaundiced eye for cons, scams, pirates, hype, market manipulation, misinformation, outright lies, self-fulfilling Ponzis, sleight of hand and a mob of greater fools, he reveals: * How, punch for punch, the pretend-currency can’t stand toe-to-toe with the non-convertible Cuban peso. * How the pretend-commodity is really just a casino chip for a loaded roulette wheel. * That, despite the hype, there are fewer businesses worldwide who actually “accept” bitcoin than there are piano tuners in Canada. * That, despite the hype, there are fewer people using bitcoins to buy goods and services than there are members enrolled in Kuwait Airways frequent flyer program. And yet... * He insists that the “blockchain” The book that the bitcoin “Faithful” BitCon – The Naked Truth About Bitcoin By Jeffrey Robinson © 2014 An Exclusive eBook in Conjunction With Amazon.Com And William Morris Endeavor JUST PUBLISHED 146pp $3.99 Amazon: http://www.amazon.com/ Review copies and media enquiries: lnfowler@gmail.com End
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