Stop Making Money. You gonna finish that?

[Anonymous No.10158743]

Central Banks are getting nervous. From lard ass himself, “Cryptocurrencies do not fulfil any of the three purposes of money. They are neither a good means of payment, nor a good unit of account, nor are they suitable as a store of value. They fail dramatically on each of these counts.”

https://cointelegraph.com/news/bis-chief-bashes-cryptocurrency-again-in-scathing-review-of-its-failure-as-money

[Anonymous No.10158754]

You smell that OP? That is the smell of banker pigs in fear of loosing their ability to print money out of thin air. Ultimate JUST coming to these fuckers.

[Anonymous No.10158833]

lard asssssssssss !!!!!!!

[Anonymous No.10158843]

>>10158833
hey i have a stack of those monies too, doubt it will ever recover.

[Anonymous No.10158849]

>>10158743
>not a good unit of account

I get that you can argue the other two but how did he arrive at this one?

[Anonymous No.10158859]

>doing god's work

[Anonymous No.10158872]

>>10158843
Fuck banks. I get rich while helping the world

[Anonymous No.10158917]

>>10158743
>They are neither a good means of payment
He's right. Sending BTC to some random wallet is still error-prone as fuck. All it takes is an accidental keystroke before hitting "send" and you just lost $300 or whatever with no way to get it back. There needs to be a more streamlined and standardized way of paying with crypto, like a big button that says "pay with bitcoin" and you hook up your wallet, and the money is withdrawn from your wallet. No room for error.

>nor a good unit of account
I don't know what this means.

>nor are they suitable as a store of value
Objectively true. Imagine buying into the "store of value" meme in December 2017, and then looking at your "stored value" now. :(

[Anonymous No.10158977]

>>10158917
He said cryptocurrencies rather than BTC, so he invalidated his own argument. Typical nocoiner.

[Anonymous No.10158997]

>>10158917
"There needs to be a more streamlined and standardized way of paying with crypto, like a big button that says "pay with bitcoin"

Nice REQ shill anon

[Anonymous No.10159023]

>>10158997
REQ and ETN actually, but good call. Which do you think has the best shot?

[Anonymous No.10159063]

>>10158743
Here is the original report:
https://www.bis.org/speeches/sp180704a.htm

He even says, "It's a fallacy to think money can be created from nothing."

[Anonymous No.10159072]

>>10158849
he probably doesn't realize you can divide Bitcoin into sats and thinks bread is going to cost 0.0000149 Bitcoin or something

[Anonymous No.10159509]

>>10158754
True. Lard ass should be rotting in a putrid river. Look at that walking cesspool. Get fucked, bankers. You were always worthless.

[Anonymous No.10159803]

the media is the only tool to suppress

[Anonymous No.10159831]

>h-haha these billionaires are nervous as fuck
>me? so what if I'm down 70% i-it's gonna moon I just know that

[Anonymous No.10160611]

>>10158977
Btc is horrible. If it wasnt for ETH and other utility tokens, I would be agreeing with this fat boomer faggot.

[Anonymous No.10160914]

>>10159063
>He even says, "It's a fallacy to think money can be created from nothing."

The audacity of this cunt is just