Sunday, September 17, 2017 by Martin Mavis
Mike Adams explains how Amazon.com could kill Bitcoin by announcing its own crypto-currency that can be used to purchase products on Amazon.
Podcast Transcript: “How Amazon can kill Bitcoin. Welcome to this podcast. This is Mike Adams, the Health Ranger here. HealthRangerReport.com. I’ve been a longtime supporter of Bitcoin and cryptocurrency in the blockchain technology. Anything that is all about decentralization is usually good in my book. But since Bitcoin has moved into the Ponzi scheme stage – the pump-and-dump stage – I’ve been warning people about it. That it’s overvalued, is too risky, too volatile, to many noobs getting into the market who don’t know anything about cryptocurrency and so on and so forth. You can read all about that at one of my websites BitRaped.com. So, I’m critical of Bitcoin right now. It’s over valuation, but I’m not in any way criticizing blockchain technology. In fact this podcast is about how Amazon could launch its own blockchain technology and destroy Bitcoin, because this is what’s crucial to understand… Bitcoin was brilliant. Whoever invented it – who’s still a secret – is a genius. No question about it. Fantastic invention – the blockchain technology – which is really a distributed ledger that’s shared by multiple parties who are always confirming the integrity of the ledger entries. That’s a brilliant technology. It’s a very simple idea by the way…” Listen to the full podcast below: