Btc is as meaningless as life, it’s all about how we define it.
chrisrobertswho on
Every currency except the one your country of residency accepts for tax remittance is useless. Every other transitory use will eventually result in conversion to fiat.
mean-jerk on
Fed says its useless? Thats *quite an endorsement!*
coinfeeds-bot on
tldr; Minneapolis Fed President Neel Kashkari criticized Bitcoin, stating that despite being around for a dozen years, it remains useless. Kashkari, known for his skepticism towards Bitcoin, contrasts its perceived lack of utility with the potential he sees in generative artificial intelligence after just two years.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Xylber on
… much better than the FED being useful at stealing from the people.
Since its useless. Can we all agree that taxes don’t have to be paid on it then
1mc666 on
Tell that to the dark web markets
20200630 on
So says Neel “There is an infinite amount of cash at the Federal Reserve” Kashkari?
proservllc on
Kashari been around for much longer than BTC and is still completely useless. It ain’t about the age.
Potatotornado20 on
Bitcoin’s only use case is HODL til we’re rich, so very useful imo
tofubeanz420 on
That is because it was purposely crippled with high fees in 2017 and stagnated since then. Thankfully BCH continues what Satoshi started.
mathaiser on
Ah, Kashari, desperation is a stinky perfume.
LocalStr4nger on
the dollar is useless
osogordo on
Because they can’t control it.
PreventableMan on
Is he wrong?
CKTC1000 on
Are yoy sure he’s not referring to himself?
MyCallsPrint on
Kashkari is useless fuck that thumb
Magician_Impressive on
Imhotep!
sadiq_238 on
The fact that these people think that freedom/decentralisation is useless says a lot
Tasigur1 on
It’s old and useless. Heard it all 😅
Tarado96 on
The CEO of the biggest asset manager in the world would like to talk to you, Kashari.
gt1911 on
Why was gold used as currency before electronics?
mardix on
That is a fact.
Katnisshunter on
Fukn clown. Of course it’s useless because it takes away your power and gives it back to the people. Unbank mtf
Accomplished_Car2803 on
And banks are pretty damn useless other than stealing “overdraft protection” from people with no money.
tianavitoli on
ha but I know useless people who have been around less
DrGarbinsky on
Yup.Â
solarsalmon777 on
Yeah, useless to states that want to covertly tax citizens via inflation and limit people’s freedoms by freezing their savings. Bitcoin threatens their biggest military weapon of all: sanctions. Of course they don’t want it to succeed. It’s too late though. Money dictates policy and crypto pockets are deep.
Disastrous_Week3046 on
I mean….eliminate fraud, scams, money laundering, speculation and it kinda is. A few people using lighting doesn’t mean it’s useful.
LMurch13 on
Cool story, bro.
Octaazacubane on
This guy is, to say the least, heavily biased in favor of cash. It’s even in his name, Kashari = Cash Carry 💀
32 Comments
Btc is as meaningless as life, it’s all about how we define it.
Every currency except the one your country of residency accepts for tax remittance is useless. Every other transitory use will eventually result in conversion to fiat.
Fed says its useless? Thats *quite an endorsement!*
tldr; Minneapolis Fed President Neel Kashkari criticized Bitcoin, stating that despite being around for a dozen years, it remains useless. Kashkari, known for his skepticism towards Bitcoin, contrasts its perceived lack of utility with the potential he sees in generative artificial intelligence after just two years.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
… much better than the FED being useful at stealing from the people.
[Neel is responsible for my favorite Bitcoin commercial](https://youtu.be/OSQeLMhOLtU?si=WQplnhnQb3f_3cqW), I gotta thank him and those demonic eyes.
Since its useless. Can we all agree that taxes don’t have to be paid on it then
Tell that to the dark web markets
So says Neel “There is an infinite amount of cash at the Federal Reserve” Kashkari?
Kashari been around for much longer than BTC and is still completely useless. It ain’t about the age.
Bitcoin’s only use case is HODL til we’re rich, so very useful imo
That is because it was purposely crippled with high fees in 2017 and stagnated since then. Thankfully BCH continues what Satoshi started.
Ah, Kashari, desperation is a stinky perfume.
the dollar is useless
Because they can’t control it.
Is he wrong?
Are yoy sure he’s not referring to himself?
Kashkari is useless fuck that thumb
Imhotep!
The fact that these people think that freedom/decentralisation is useless says a lot
It’s old and useless. Heard it all 😅
The CEO of the biggest asset manager in the world would like to talk to you, Kashari.
Why was gold used as currency before electronics?
That is a fact.
Fukn clown. Of course it’s useless because it takes away your power and gives it back to the people. Unbank mtf
And banks are pretty damn useless other than stealing “overdraft protection” from people with no money.
ha but I know useless people who have been around less
Yup.Â
Yeah, useless to states that want to covertly tax citizens via inflation and limit people’s freedoms by freezing their savings. Bitcoin threatens their biggest military weapon of all: sanctions. Of course they don’t want it to succeed. It’s too late though. Money dictates policy and crypto pockets are deep.
I mean….eliminate fraud, scams, money laundering, speculation and it kinda is. A few people using lighting doesn’t mean it’s useful.
Cool story, bro.
This guy is, to say the least, heavily biased in favor of cash. It’s even in his name, Kashari = Cash Carry 💀