Bitcoin is certainly not a Fraud

John McAfee said: Bitcoin is Certainly Not a Fraud

“ Jamie Diamon called Bitcoin a fraud,” John McAfee explained on the CNBC broadcast. “I’m a bitcoin miner. We create bitcoins. It costs over $1,000 per coin to create a bitcoin. What does it cost to create a U.S. dollar? Which one is the fraud? Because it costs whatever the paper costs, but it costs me and other miners over $1,000 per coin. It’s called proof of work.”