CONSEQUENCES OF FAKE MONEY - Collapse of FTX

"Collapse of FTX raises questions about cryptocurrency’s viability" PBS NewsHour 11/15/2022

REMINDER:  Cryptocurrency does NOT have any government backing, you have to trust someone you DO NOT know and likely can't get in contact with.

Excerpt

SUMMARY:  The fallout keeps growing for the cryptocurrency industry after an unexpected bankruptcy involving one of the largest and most well-known exchanges, FTX.  Its downfall has renewed concerns about the safety and credibility of many cryptocurrencies and their values have plunged as well.  Roben Farzad of the podcast 'Full Disclosure' joined Amna Nawaz to discuss.

MAKING SEN$E - Powering Bitcoin

"Cheap power drew Bitcoin miners to this small city.  Then came the backlash" PBS NewsHour 6/7/2018

IMHO:  Bitcoin, and all other 'cryptocurrency,' are a scam.

Excerpt

SUMMARY:  Plattsburgh, New York, doesn't look like ground zero for a gold rush.  But cryptocurrency prospectors have installed thousands of energy-gobbling mining machines while taking advantage of dirt-cheap electric rates.  And the invasion has some locals up in arms, while offering opportunity for others.  Economics correspondent Paul Solman reports on the impacts of Bitcoin mining.