28 Aug '14, 5pm

Rebutting the NY Post’s Lazy Criticisms of Bitcoin - #Bitcoin #NYpost

Rebutting the NY Post’s Lazy Criticisms of Bitcoin - #Bitcoin #NYpost

On Thursday, New York Post columnist John Crudele published a patronizing critique of the MIT Bitcoin project , an initiative announced last spring that will see every undergraduate at MIT receive about US$100 worth of bitcoins this fall. Crudele’s main problem with this project is that he feels MIT is being irresponsible in letting students mess around with money he feels has questionable value. Crudele’s argument is dripping with scorn and riddled with logical fallacies. We thought it would be best to rebut Crudele point by point. Let’s take it from the top: In the near future, the leaders of Massachusetts Institute of Technology will have to decide whether they want to take part in the worldwide scam known as bitcoin. I hope the grown-ups at that esteemed Cambridge, Mass., school have more common sense than the students they are supposed to be guiding. In Crudele’s seco...

Full article: http://cointelegraph.com/news/112385/rebutting-the-ny-pos...

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