Watch Someone Explain Why Bitcoin Is More Legit Than the Dollar in One Minute
(ANTIMEDIA) — Business mogul and Bitcoin enthusiast John McAfee appeared on CNBC Fast Money this week to respond to J.P. Morgan CEO Jamie Dimon’s claims that Bitcoin is “a fraud,” and he managed to shut down Dimon’s allegations in just over one minute.
Here’s what @officialmcafee had to say to Jamie Dimon’s bitcoin bashing comments
Posted by CNBC Fast Money on Wednesday, September 13, 2017
“I would like to say this, Mr. Dimon: I respect you, sir, for your position. People who rise to your position are not idiots,” McAfee began. “However, sir…you called Bitcoin ‘a fraud.’ I’m a Bitcoin miner. We create Bitcoins. It costs over one thousand dollars per coin to create a Bitcoin. What does it cost to create a U.S. dollar? Which one is the fraud? Because [the dollar] costs whatever the paper costs, but it costs me and other miners over a thousand dollars