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by Ihfhcub 2714 days ago
Uses a satellite to broadcast bitcoin. Nothing novel about the broadcast mechanism and it does not use "blockchain" pseudoscience scam to progagate anything. But bitcoin does have a real blockchain so that might be confusing.

I admit this is confusing as 99.999999999999% of everything with "blockchain" in its name is a scam
1 comments
knocte 2714 days ago
Granted, there have been a lot of scams in this sector. But to draw a parallel to the previous decades, it's like you were saying that because there were a lot of companies selling scammy ideas about their TCP/IP-based intranets, then the internet is a scam (i.e.: this article is about bitcoin, not about any other altcoin).
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Ihfhcub 2714 days ago
Bitcoin is a functional and innovative technology. Blockchain scams are all scams. Their claims are nonsensical and they can never define what this new definition of "blockchain" they commandeered off bitcoin is if you ask them. Just ask these snake oil salesmen what a blockchain is and you'll see a look of confusion appear on their face. The media is doing a great job of propagating this scam.
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