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Australian senator sparks controversy over "bitcoin can't eat" remarks
Australian senator Gerard Rennick's criticism of Bitcoin on the X platform, calling it a "Ponzi scheme" and questioning its value because it was "inedible", sparked a strong response from the Bitcoin community. The Australian Bitcoin Industry Organisation (ABIB) said Rennick's comments showed a deep misunderstanding of bitcoin that could lead to wrong policymaking. In addition, several bitcoin proponents have also defended the value and utility of bitcoin, arguing that...
2025-05-25 06:06:32
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