{"id":2892,"date":"2018-11-16T07:58:47","date_gmt":"2018-11-16T07:58:47","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?p=2892"},"modified":"2019-09-05T19:51:12","modified_gmt":"2019-09-05T18:51:12","slug":"bitcoin-evil","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2018\/11\/bitcoin-evil\/","title":{"rendered":"Bitcoin is the evil spawn?"},"content":{"rendered":"

1 min read<\/span><\/i><\/p>\n

\"Bitcoin<\/p>\n

According to a report in the Financial Times, \u00a0Benoit C\u0153ur\u00e9, a member of the Executive Board of the European Central Bank (ECB), has become one more member of the banking old guard to discredit Bitcoin.<\/span><\/p>\n

The executive spoke in Basel, Switzerland, yesterday.<\/span><\/p>\n

\u201cLightning may strike me for saying this in the Tower of Basel \u2014 but Bitcoin was an extremely clever idea. Sadly, not every clever idea is a good idea.\u201d<\/span><\/p>\n

C\u0153ur\u00e9 repeated the opinion of Mexican economist Agust\u00edn Carstens who said that Bitcoin shared characteristics with speculative bubbles, and Ponzi schemes, along with being a pending environmental catastrophe waiting to happen. Also, C\u0153ur\u00e9 dismissed the importance of a decentralized monetary system by stating that such thinking was \u201cevil spawn of the financial crisis.\u201d<\/span><\/p>\n

\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n