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I have seen so many ads, mainly in my email, suggesting that I can make big money investing with Bitcoin but now I have found a guaranteed way to become rich from Bitcoin, steal the money.

The result of Sam Bankman-Fried’s trial is 25 years of free accommodation. As a quick comparison for someone who works 40 hours a week, 50 weeks a year, for those 25 years his theft would ‘earn’ about $200,000 an hour, a lot more than my hourly rate as a teacher.

For those who are cynical about bitcoin, me and hopefully many others, this is just another story of where bitcoin can go wrong and yet it has recently reached a new peak value. Basically if I can’t buy a coffee or a drink with it, then Bitcoin has no value to me. Am I the only one who doubts its value?

Dennis Fitzgerald,
Melbourne, Australia