India Central Bank Governor - Crypto has no value "not even a tulip"

[Legion]

Crypto is for criminals to launder money.

Is that so?

 

[Minister of Truth]

The left is PRO-crypto, you moron. They want a cashless society where the govt controls everyone's finances.

The left hates crypto, and wants to regulate it out of existence.

 

[Legion]

The left hates crypto, and wants to regulate it out of existence.

Do they?

 

[Celticguy]

Crypto is for criminals to launder money.

among other things. but until its better accepted and less volatile its risky for even guys whose business is crating risk.

 

[Text Drivers are Killers]

Crypto is far too volatile at present. At some point it will become a thing but its a little too wild wild west now to risk money in
it will settle down at some point and find its place.
But lets face it, no money is backed by anything right now. Not ours, not euro, zilch.

And that needs to change. Go back to the gold standard where bills are convertible into gold at a fixed rate. Nothing in principle wrong with fiat money. But in practice governments always go wild with fiat and print money for themselves and to buy votes.

 

[Minister of Truth]

Do they?

Dems have already talked about legislation to regulate crypto. Some world governments have banned it outright.

 

[Legion]

Dems have already talked about legislation to regulate crypto.

Have they? Are they the only ones?

Some world governments have banned it outright.

And they're all leftists?

 

[Celticguy]

And that needs to change. Go back to the gold standard where bills are convertible into gold at a fixed rate. Nothing in principle wrong with fiat money. But in practice governments always go wild with fiat and print money for themselves and to buy votes.

that was the original purpose of government ! they certainly wont do anything to change that.

 

[Text Drivers are Killers]

Dems have already talked about legislation to regulate crypto. Some world governments have banned it outright.

Crypto is a scam - that's for sure. From the same lying psychopaths who gave us covid and climate change.

 

[zymurgy]

The left is PRO-crypto, you moron. They want a cashless society where the govt controls everyone's finances.

crypto is decentralized - so crypto is a disaster for government control unless it is secretly behind it

 

[Legion]

crypto is decentralized - so crypto is a disaster for government control unless it is secretly behind it

Is that right?

 

[Text Drivers are Killers]

crypto is decentralized - so crypto is a disaster for government control unless it is secretly behind it

HAHAHAHA. You stupid moron. We are TOLD it's decentralized but it was created by and is controlled by the Big Banks.

 

[zymurgy]

HAHAHAHA. You stupid moron. We are TOLD it's decentralized but it was created by and is controlled by the Big Banks.

haha - your argument is nothing but personal attacks and bullshit

which is how morons act.

 

[danielpalos]

BOINC-ing for crypto could generate value along with wealth.

https://boinc.berkeley.edu/

Metadata for the general welfare!

 

[Text Drivers are Killers]

haha - your argument is nothing but personal attacks and bullshit

which is how morons act.

YOU are the one guilty of personal attacks. I merely made an obvious point. Crypto is another banker scam.

 

[zymurgy]

YOU are the one guilty of personal attacks. I merely made an obvious point. Crypto is another banker scam.

HAHAHAHA. You stupid moron. We are TOLD it's decentralized but it was created by and is controlled by the Big Banks.

riiiiight

for the rest - what kind of mush melon am I dealing with exactly? the idiot can't keep 15 minutes of his life straight

 

[Lao Tse]

Of course this is true. It's obvious. Cryptos are backed by nothing and can be printed to infinity. Bitcoin "promises" they'll stop at a certain point - sometimes they say 21 million sometimes 24 million. Whatever - they can and will print all they want. It's a scam. You want non-fiat, then go to gold. You have to dig that out of the ground.

Bitcoin is a rothschilds ploy to get in with "libertarian anarchist" dumbwads.

 

[Lao Tse]

we need sound currency for all of us.

 

[Minister of Truth]

Crypto is a scam - that's for sure. From the same lying psychopaths who gave us covid and climate change.

Yeah, the Branch Covidians and Gaia worshippers really love the crypto.

 

[Text Drivers are Killers]

we need sound currency for all of us.

If you mean the gold standard, i'm all for that myself. But the elite hate that. Under fiat money, the elite print money for themselves!!!