Home / Bitcoin / Must-reads for September 17, 2018: Tracing people through crypts, gold beating, Goldman Sachs, and bragging about wrongdoing | Modern consent

Must-reads for September 17, 2018: Tracing people through crypts, gold beating, Goldman Sachs, and bragging about wrongdoing | Modern consent

Here are the crypto stories you should see today

  newspaper

A casual boy reading a newspaper (via Pixabay).

How Bitcoin Has Helped to Track Suspects in the Investigation in Russia (Deputy)
By now we know that with just a little bit of data, you can get a lot of information about someone through Bitcoin's blockchain. This Vice video shows one of the ways the Robert Mueller team did.

[19659008] Goldman Sachs, Morgan Stanley, Citigroup and NYSE are preparing to support Bitcoin and Criptovaluta (Daily HODL)
Nothing deep here but only a quick rundown of what some of the biggest institutions are doing in Bitcoin on Wall Street.

Bitcoins in Switzerland (CoinTelegraph)
A fun 10 minute video of how the Swiss bitcoins are made. Well, at least some of them. However, it is in some ways a strange place.

Google's main fraud fighter explains why it's risky to brag about owning bitcoins (CNBC)
What about the need for some people to tell all their commercial successes (apart from the fact that they probably lie )? One danger is that scammers can invent more elaborate ways to rob you. Another is that you look like a jerk.

Bitcoin uses a lot of energy, but the extraction of gold uses more (Long Hash)
Vladimir Jelisavcic argues (with very sloppy assumptions) that it takes 20 times more energy to extract the gold of what it does not do for my bitcoins. Yes, because the gold extracted in a given year is worth much more than the bitcoins extracted in a given year. Gold will overcome a global shutdown of power. Also, you can not buy gold with ropes.

Lawrence Lewitinn, CFA is editor-in-chief of the Modern Consensus. Disclosure: Lewitinn does not own cryptocurrencies in its portfolio.

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