Same old narrative in the Guardian

in #cryptocurrency7 years ago

I've just stumbled upon this article on the Guardian:

https://www.theguardian.com/technology/2017/nov/29/bitcoin-world-economy-bank-of-england-jon-cunliffe-price

"Not a stable store of value" William Dudley, CEO of the Federal Reserve

"Too small to pose a risk to the global economy" Sir John Cunliffe, deputy governor of the Bank of England

These people are falling for the tulip narrative, that Bitcoin is a fad which will spectacularly crash and then die a death.

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These are misguided people doomed in their grudges. Traditionalists will never understand the value of Bitcoin.

It's not Bitcoin that is important but the impeccable underlying technology that we value the most. And I am glad that these guys don't understand this Crypto thing at least the commoners have a chance to earn some extra money.

And one thing is for sure, they will jump into this train, one way or the other.

Thanks for the link.

No problem, glad you appreciated it :-)

Yes agree that it suits us commoners for the elites to be so far behind the curve.

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