Bitcoin miners “holding on with a death grip” as Bitcoin “pipe dream” appears hopelessly obsolete, slow and fractured: An interview with Kevin Lawton
07/26/2017 // Mike Adams // Views

In a fascinating, two-part interview with cryptocurrency analyst Kevin Lawton, the Health Ranger discusses the promise of decentralization, the vulnerabilities of Bitcoin and what the future holds for cryptocurrencies. (See video below.)

- Background on cryptocurrencies, and why Bitcoin was a useful "proof of concept" but doesn't represent the future of cryptocurrency.

- Why Bitcoin is a digital fiat currency backed by nothing that's real.

- Why there's nothing special about Bitcoin in the world of cryptocurrencies.

- Why Bitcoin is strictly limited from scaling up due to a huge bottleneck in its transaction throughput.

- JP Morgan is already pioneering its own advances in cryptocurrency that make Bitcoin look SLOW and ancient.

- Why Bitcoin becoming a universal, globally used currency is "a pipe dream."

- Why Bitcoin has huge upgrade problems due to no central authority having control over its infrastructure.

- Details about the Bitcoin "civil war" and how infighting can tear Bitcoin's infrastructure apart.

- Why Ethereum is ending crypto mining operations and moving to another model.

- How multiple "hard forks" could cause havoc, lost transactions and wallet wipeouts in Bitcoin.

- Why claim that the "Bitcoin civil war" has been averted are premature... more obstacles remain.

- When things go bad with Bitcoin, no government or other authority can "rescue" you.

- How ICOs have been hacked and spoofed, and why online wallets are routinely stolen.

- How to diversity your cryptocurrency investments to reduce overall risk.

- Why Bitcoin is nowhere near as reliable as gold.

- Why the concept of crypto mining is already obsolete and no longer needed for cryptocurrencies.

- Why Bitcoin mining is approaching 1 Gigawatt of electricity... enough electricity to power a small city.

- Why decentralized cryptocurrencies don't work well for handling micropayments.

- How Bitcoin mining conglomerates may destroy Bitcoin through GREED. Bitcoin miners are "holding on with a death grip."

- Why Ethereum will surpass the total market capitalization of Bitcoin in 2018 (and may lead to a mass exodus out of Bitcoin).

- Why cryptocurrencies are highly vulnerable to sudden selloffs.

https://vimeo.com/227082994

https://youtu.be/Obj6Zv4uOis

Stay informed at RISK.news and BitcoinCrash.news

Mike Adams (aka the "Health Ranger") is the founding editor of NaturalNews.com, a best selling author (#1 best selling science book on Amazon.com called "Food Forensics"), an environmental scientist, a patent holder for a cesium radioactive isotope elimination invention, a multiple award winner for outstanding journalism, a science news publisher and influential commentator on topics ranging from science and medicine to culture and politics.

Mike Adams also serves as the lab science director of an internationally accredited (ISO 17025) analytical laboratory known as CWC Labs. There, he was awarded a Certificate of Excellence for achieving extremely high accuracy in the analysis of toxic elements in unknown water samples using ICP-MS instrumentation.

In his laboratory research, Adams has made numerous food safety breakthroughs such as revealing rice protein products imported from Asia to be contaminated with toxic heavy metals like lead, cadmium and tungsten. Adams was the first food science researcher to document high levels of tungsten in superfoods. He also discovered over 11 ppm lead in imported mangosteen powder, and led an industry-wide voluntary agreement to limit heavy metals in rice protein products.

Adams has also helped defend the rights of home gardeners and protect the medical freedom rights of parents. Adams is widely recognized to have made a remarkable global impact on issues like GMOs, vaccines, nutrition therapies, human consciousness.



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