RE: Bitcoin towards its End :::: Instant Bank Payments Will End Bitcoin Binge: German Central Bank Chief
Thanks for the article, I think we can all agree that whatever bullshit comes out of any bankers mouth is definitely not in the publics best interest, this is a classic case of financial institutions terrified of losing their grip and power over society, we'll be seeing alot of dire warnings coming up from "experts" in the near future, forecasting the financial apocalypse and promising safety if we just stick to the status quo, the amazing FIAT monetary system which they have mastered while complicating it enough for the average joe to have no clue how any of it works.
Why does it take me a lifetime of hard labour to buy a house, where do all these charges come from? where is my tax going? who is printing this stuff? what the hell are government bonds and how is it possible for a country to be in more than $30 trillion in debt and still afford to go to war in the middle east?
Pragmatically if I were to be in $30 trillion debt I'd probably not be able to loan a tena from bank let alone send thousands of men to "install democracy" by force in foreign countries. but maybe I need more friends like Jens Wiedmann, maybe he can loan me a tena!
Fear of losing the grip!! makes these people say such words!!
about the loan you can try talking to Wiedmann
I couldn't agree more. These experts are only experts in looking out for themselves. The world is full of people like this though. People talk about how bitcoin can change the world, potentially replace the fiat currency system, and eliminate the need for greedy financial institutions.
The problem is now there are lots of people looking at the opportunities in bitcoin and altcoins at the moment and wondering how they can make a huge profit as quickly as possible. The average investor can't compete with whales and the whales don't care if their actions ruin the average persons' investment. Greed is everywhere unfortunately.