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President of the European Central Bank, Christine Lagarde: “Cryptocurrencies are not currencies, period”

President of the European Central Bank, Christine Lagarde: “Cryptocurrencies are not currencies, period”



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28 Comments

  1. bitcoin is a currency in el salvador.

    “period” is an obfuscation and avoidance technique by people who can’t or won’t engage in reasoned debate. it’s a sign of weakness.

  2. tldr; The head of the European Central Bank (ECB), Christine Lagarde, has said that cryptocurrencies are not currencies, adding that they are “highly speculative, occasionally suspicious and of high intensity in terms of consumption of Energy.” She also discussed the need for a regulation of stablecoins and central bank digital currencies (CBDCs).

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. Love it when they say it’s so bad that bitcoin and crypto use energy, but everything use energy and they make it like bitcoin is the biggest pollution and waste of energy ever lol 😂

  4. When I was in elementary school, my friends and I used colored beads and paper clips as money. It worked within our circle, trading snacks or small trinkets at lunchtime. The thing is, all the colored beads came from one kid. His older sister hoarded them or something. He always got the best snack at lunch because all these colored beads would appear out of nowhere. For a short time he was the most popular kid at the table. That is, until another friend came to lunch with a fistful of metal washers from his dad’s workbench. He went over to the coke machine, dropped 2 or 3 of those bad boys in there and out popped a ice cold Coca-Cola. Shit changed and in an instant, no one gave a shit about colored beads.

  5. Christine Lagarde should actually be in jail (look it up). The only reason she is out there sputtering that nonsense is because she is made to by her handlers, who have a file on her the size of Kilimanjaro. She is nothing more than a tragic puppet.

  6. People are getting extremely nervous bank accounts are being drained they’re not paying any interest they printed too much money and the not currency that they’ve been screaming not to buy for the last decade has 100x Ed. Wealthy clients have been demanding bitcoin & Now banks are allowing their “wealthy” clients to purchase bitcoin.

  7. tldr; The head of the European Central Bank (ECB), Christine Lagarde, puts fingers in ears and shouts “lalalalalala” while the world embraces a technology that completely undercuts her business model, because shes too lazy to do her fucking job.

  8. Why anyone would listen to anything she has to say is beyond me. She was convicted in 2016 (no penalty of course) for negligence in allowing misuse of public funds. Doesn’t exactly scream trustworthy in my opinion. Just one more bankster looking out for the “little guy” a.k.a don’t use this alternative system, because we won’t have a job anymore and won’t get away with abusing the monetary system to enrich ourselves anymore. Full stop.

What do you think?

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