Advertisement
AD

Main navigation

Error message

  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3010 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Gold has more utility than Bitcoin&nbsp;</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">Miners could abandon Bitcoin&nbsp;</a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
    
    if (document.documentElement.clientWidth &gt; 767) {
    if (!window.AdButler){(function(){var s = document.createElement("script"); s.async = true; s.type = "text/javascript";s.src = 'https://servedbyadbutler.com/app.js';var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n);}());}
    }
    
    
    
    if (document.documentElement.clientWidth &gt; 767) {
    var AdButler = AdButler || {}; AdButler.ads = AdButler.ads || [];
    var abkw = window.abkw || '';
    var plc666695 = window.plc666695 || 0;
    (function(){
    var divs = document.querySelectorAll(".plc666695:not([id])");
    var div = divs[divs.length-1];
    div.id = "placement_666695_"+plc666695;
    AdButler.ads.push({handler: function(opt){ AdButler.register(183269, 666695, [728,200], 'placement_666695_'+opt.place, opt); }, opt: { place: plc666695++, keywords: abkw, domain: 'servedbyadbutler.com', click:'CLICK_MACRO_PLACEHOLDER' }});
    })();
    }
    
                                                
    
            
            
                    
                
    
    if (document.documentElement.clientWidth &lt; 767) {
    if (!window.AdButler){(function(){var s = document.createElement("script"); s.async = true; s.type = "text/javascript";s.src = 'https://servedbyadbutler.com/app.js';var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n);}());}
    }
    
    
    
    if (document.documentElement.clientWidth &lt; 767) {
    var AdButler = AdButler || {}; AdButler.ads = AdButler.ads || [];
    var abkw = window.abkw || '';
    var plc666696 = window.plc666696 || 0;
    (function(){
    var divs = document.querySelectorAll(".plc666696:not([id])");
    var div = divs[divs.length-1];
    div.id = "placement_666696_"+plc666696;
    AdButler.ads.push({handler: function(opt){ AdButler.register(183269, 666696, [336,280], 'placement_666696_'+opt.place, opt); }, opt: { place: plc666696++, keywords: abkw, domain: 'servedbyadbutler.com', click:'CLICK_MACRO_PLACEHOLDER' }});
    })();
    }
    
                                                
    
            
        
    After saying that Bitcoin <a href="https://u.today/mark-cuban-says-hes-not-opposed-to-bitcoin-but-it-has-serious-problem">had no chance to become a viable cryptocurrency</a>, American investor Mark Cuban&nbsp;continues to engage in discussions with the members of the cryptocurrency community. This time around, he touched upon the everlasting debate between Bitcoiners and gold bugs, taking the side of the latter. &nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Gold has more utility than Bitcoin&nbsp;
    
    Cuban owns only an infinitesimal $549 worth of Bitcoin after the&nbsp;Dallas Mavericks started accepting the orange coin in 2019. When asked how much gold he owns, the "Shark Tank"&nbsp;host answered that he had purchased some jewelry. On top of that, gold is also used in the electronics industry.&nbsp;
    
    <blockquote class="twitter-tweet">
    No. But I bought jewelry with gold in it and have seen how it’s used to make electronics.
    — Mark Cuban (@mcuban) <a rel="nofollow" target="_blank" href="https://twitter.com/mcuban/status/1209591810735190024?ref_src=twsrc%5Etfw">December 24, 2019</a></blockquote>
    
    
    These words would go down well with vocal crypto hater&nbsp;Peter Schiff who claimed that Bitcoin had less utility than <a rel="nofollow" target="_blank" href="#/news/crypto-hater-peter-schiff-is-certain-that-bitcoin-has-less-utility-than-tennis-ball">a tennis ball</a>, <a href="https://u.today/peter-schiff-states-that-bitcoin-has-less-utility-than-pot">marijuana </a>(and, most likely, anything else in the world).&nbsp;
    
    <a href="https://u.today/bitcoin-hash-rate-reaches-new-all-time-high-as-miners-refuse-to-capitulate">card</a>
    
    Miners could abandon Bitcoin&nbsp;
    
    Anthony Pomliano called Cuban's attention to the fact that Bitcoin represents the strongest computational network, which undoubtedly has a lot of value.
    
    However, Cuban is still not impressed. The billionaire says that all miners are contractors who join the network to pocket rewards. If there is another technology that could bring them more profits, they could potentially abandon Bitcoin.
    
    <blockquote class="twitter-tweet">
    Two points. If miners were paid more for less compute for something else, why wouldn’t they switch ? If a new tech comes along that could be added to the network and capture more than 51pct , why would the owner of that disruptive tech share it if they could take over ?
    — Mark Cuban (@mcuban) <a rel="nofollow" target="_blank" href="https://twitter.com/mcuban/status/1209597259362508805?ref_src=twsrc%5Etfw">December 24, 2019</a></blockquote>
    
    
    Furthermore, the network could be hypothetically overtaken by someone who comes up with a new tech that would allow them to capture <a href="https://u.today/bitcoin-mining-pools-continue-to-face-tough-competition-blockchain-research">51 percent of all hash rate</a>. &nbsp;
    ') (Line: 1037)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 874)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 52)
    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
    Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
    Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
    Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
    Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
    Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
    call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
    Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
    Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
    Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
    Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
    Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
    Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
    Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
    Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
    Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
    Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
    Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
    Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
    
  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3013 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Gold has more utility than Bitcoin&nbsp;</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">Miners could abandon Bitcoin&nbsp;</a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
    
    if (document.documentElement.clientWidth &gt; 767) {
    if (!window.AdButler){(function(){var s = document.createElement("script"); s.async = true; s.type = "text/javascript";s.src = 'https://servedbyadbutler.com/app.js';var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n);}());}
    }
    
    
    
    if (document.documentElement.clientWidth &gt; 767) {
    var AdButler = AdButler || {}; AdButler.ads = AdButler.ads || [];
    var abkw = window.abkw || '';
    var plc666695 = window.plc666695 || 0;
    (function(){
    var divs = document.querySelectorAll(".plc666695:not([id])");
    var div = divs[divs.length-1];
    div.id = "placement_666695_"+plc666695;
    AdButler.ads.push({handler: function(opt){ AdButler.register(183269, 666695, [728,200], 'placement_666695_'+opt.place, opt); }, opt: { place: plc666695++, keywords: abkw, domain: 'servedbyadbutler.com', click:'CLICK_MACRO_PLACEHOLDER' }});
    })();
    }
    
                                                
    
            
            
                    
                
    
    if (document.documentElement.clientWidth &lt; 767) {
    if (!window.AdButler){(function(){var s = document.createElement("script"); s.async = true; s.type = "text/javascript";s.src = 'https://servedbyadbutler.com/app.js';var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n);}());}
    }
    
    
    
    if (document.documentElement.clientWidth &lt; 767) {
    var AdButler = AdButler || {}; AdButler.ads = AdButler.ads || [];
    var abkw = window.abkw || '';
    var plc666696 = window.plc666696 || 0;
    (function(){
    var divs = document.querySelectorAll(".plc666696:not([id])");
    var div = divs[divs.length-1];
    div.id = "placement_666696_"+plc666696;
    AdButler.ads.push({handler: function(opt){ AdButler.register(183269, 666696, [336,280], 'placement_666696_'+opt.place, opt); }, opt: { place: plc666696++, keywords: abkw, domain: 'servedbyadbutler.com', click:'CLICK_MACRO_PLACEHOLDER' }});
    })();
    }
    
                                                
    
            
        
    After saying that Bitcoin <a href="https://u.today/mark-cuban-says-hes-not-opposed-to-bitcoin-but-it-has-serious-problem">had no chance to become a viable cryptocurrency</a>, American investor Mark Cuban&nbsp;continues to engage in discussions with the members of the cryptocurrency community. This time around, he touched upon the everlasting debate between Bitcoiners and gold bugs, taking the side of the latter. &nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Gold has more utility than Bitcoin&nbsp;
    
    Cuban owns only an infinitesimal $549 worth of Bitcoin after the&nbsp;Dallas Mavericks started accepting the orange coin in 2019. When asked how much gold he owns, the "Shark Tank"&nbsp;host answered that he had purchased some jewelry. On top of that, gold is also used in the electronics industry.&nbsp;
    
    <blockquote class="twitter-tweet">
    No. But I bought jewelry with gold in it and have seen how it’s used to make electronics.
    — Mark Cuban (@mcuban) <a rel="nofollow" target="_blank" href="https://twitter.com/mcuban/status/1209591810735190024?ref_src=twsrc%5Etfw">December 24, 2019</a></blockquote>
    
    
    These words would go down well with vocal crypto hater&nbsp;Peter Schiff who claimed that Bitcoin had less utility than <a rel="nofollow" target="_blank" href="#/news/crypto-hater-peter-schiff-is-certain-that-bitcoin-has-less-utility-than-tennis-ball">a tennis ball</a>, <a href="https://u.today/peter-schiff-states-that-bitcoin-has-less-utility-than-pot">marijuana </a>(and, most likely, anything else in the world).&nbsp;
    
    <a href="https://u.today/bitcoin-hash-rate-reaches-new-all-time-high-as-miners-refuse-to-capitulate">card</a>
    
    Miners could abandon Bitcoin&nbsp;
    
    Anthony Pomliano called Cuban's attention to the fact that Bitcoin represents the strongest computational network, which undoubtedly has a lot of value.
    
    However, Cuban is still not impressed. The billionaire says that all miners are contractors who join the network to pocket rewards. If there is another technology that could bring them more profits, they could potentially abandon Bitcoin.
    
    <blockquote class="twitter-tweet">
    Two points. If miners were paid more for less compute for something else, why wouldn’t they switch ? If a new tech comes along that could be added to the network and capture more than 51pct , why would the owner of that disruptive tech share it if they could take over ?
    — Mark Cuban (@mcuban) <a rel="nofollow" target="_blank" href="https://twitter.com/mcuban/status/1209597259362508805?ref_src=twsrc%5Etfw">December 24, 2019</a></blockquote>
    
    
    Furthermore, the network could be hypothetically overtaken by someone who comes up with a new tech that would allow them to capture <a href="https://u.today/bitcoin-mining-pools-continue-to-face-tough-competition-blockchain-research">51 percent of all hash rate</a>. &nbsp;
    ') (Line: 1037)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 874)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 52)
    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
    Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
    Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
    Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
    Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
    Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
    call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
    Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
    Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
    Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
    Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
    Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
    Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
    Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
    Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
    Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
    Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
    Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
    Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
    

Bitcoin Is Less Useful Than Gold, Says Billionaire Mark Cuban

Advertisement
Wed, 12/25/2019 - 05:59
Bitcoin Is Less Useful Than Gold, Says Billionaire Mark Cuban
Cover image via www.facebook.com
Read U.TODAY on
Google News
Contents
Advertisement

After saying that Bitcoin had no chance to become a viable cryptocurrency, American investor Mark Cuban continues to engage in discussions with the members of the cryptocurrency community. This time around, he touched upon the everlasting debate between Bitcoiners and gold bugs, taking the side of the latter.  

card

Gold has more utility than Bitcoin 

Cuban owns only an infinitesimal $549 worth of Bitcoin after the Dallas Mavericks started accepting the orange coin in 2019. When asked how much gold he owns, the "Shark Tank" host answered that he had purchased some jewelry. On top of that, gold is also used in the electronics industry. 

These words would go down well with vocal crypto hater Peter Schiff who claimed that Bitcoin had less utility than a tennis ball, marijuana (and, most likely, anything else in the world). 

Miners could abandon Bitcoin 

Anthony Pomliano called Cuban's attention to the fact that Bitcoin represents the strongest computational network, which undoubtedly has a lot of value.

However, Cuban is still not impressed. The billionaire says that all miners are contractors who join the network to pocket rewards. If there is another technology that could bring them more profits, they could potentially abandon Bitcoin.

Furthermore, the network could be hypothetically overtaken by someone who comes up with a new tech that would allow them to capture 51 percent of all hash rate.  

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Popular

Advertisement
Advertisement
AD