Techcrunch isn't buying it: Bitcoin 'rarely' used for legal transactions, on 'road to irrelevance', say European Central Bank officials

submitted by SoCo from techcrunch.com

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[–]ID10T 6 insightful - 1 fun6 insightful - 0 fun7 insightful - 1 fun -  (3 children)

Techcrunch is just reporting on a statement made by European bank officials. The article contains solid counterpoints to this stupid statement as well.

[–]BISH 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Nobody wants crypto. Not even the WEF.

That's why the WEF bankrolled FTX, because they didn't want the worthless crypto for their Ukrainian money laundering operation.

[–]ID10T 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Counterpoint: A lot of people want crypto. That's why it's so popular.

[–]BISH 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Yeah. Crypto is actually awesome.

It's free of border currency restrictions, and the privacy coins cannot be traced.

Value that the banksters can't control.

[–]VloVok 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

While Bitcoin technology is pretty safe, it isn't anonymous. I prefer more privacy coins. For example, Crypton CRP from Utopia p2p. It's designed to conduct instant and secure transactions within the ecosystem, without outside participation.