CM-16 – Baffled Bankers Blather about Bitcoin and Other Cryptocurrencies (Chaos Monitaur)

 MarketWatch.com has a great little compilation of the “words of wisdom” of our fearful leaders in banking and finance. (You know, those guys with all that fiat money stashed in their bank accounts and safes.)    

A cursory read of the article (link below) makes it clear that these men do not understand much about bitcoin in particular or cryptocurrencies in general. Of course, given their total ignorance re sustainable economics, that’s not surprising.   

Never Trust a Banker 

When reading these pronouncements, it’s best to keep in mind the following 3 rules:   

1. Never trust a banker.   
2. When a banker / investment adviser makes a statement, the opposite is most likely true. 
3. When a banker / investment adviser gives you advice, do the opposite.  

--- (Further Reading) – ‘Fraud’ or the future? How bitcoin is described by billionaires and Wall Street CEOs ... http://www.marketwatch.com/story/fraud-or-the-future-how-bitcoin-is-being-described-by-billionaires-and-wall-street-ceos-2017-10-05