Think Bitcoin’s a Bubble? Oscar Mayer’s ‘Bacoin Cryptocurrency’ Just Crashed 93%


Bitcoin bears frequently deride the flagship cryptocurrency as a speculative bubble, but just wait until they find out about the volatility of Bacoin, a bacon-backed “cryptocurrency” from Oscar Mayer. First things first: Bacoin is not a cryptocurrency. Rather, it’s a cleverly-branded promotion that uses an instant win game — excuse me, “mining” — to give

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Posted by Josiah Wilmoth on May 8, 2018 @ https://www.ccn.com/think-bitcoins-a-bubble-oscar-mayers-bacoin-cryptocurrency-just-crashed-93/

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