Hoskinson Creator Slams Central Banker

[Leviathan.007]

Federal Reserve Bank of Minneapolis President Neel Kashkari has once again riled up the cryptocurrency community with his recent tweet, in which he says that the cryptocurrency industry is only filled with “scammers” who rip off the uninitiated with their pump-and-dump schemes.
Kashkari’s most recent comment has united different tribes of the cryptocurrency community.
IOG CEO Charles Hoskinson, who created proof-of-stake blockchain project Cardano, pointed to the Federal Reserve’s egregious money printing that he believes pushes people to place their faith in “sound money” that cannot be manipulated by the government.  
"So the org that can print TRILLIONS every year and claim there is no inflation thereby devastating the poorest amongst us has an issue with sound money that cannot be manipulated by politics. I'm shocked Neel!! SHOCKED!!!"
Alex Gladstein, Strategic Officer for the Human Rights Foundation, has shared numerous articles showing how Bitcoin helps people in countries such as Cuba, Nigeria, and Ethiopia achieve economic freedom and the fight against corruption.
He has not commented on cryptocurrencies for a long time, but he has recently become more skeptical. As reported by U.Today, he recently said that he was more optimistic in 2015 than he is now. He also said that 95% of all cryptocurrencies are driven by "fuss, noise, and confusion".
The real face of the central bank has become widely known in cryptocurrency circles after his infamous "60-minute" interview in which he said the central bank wanted to print an unlimited amount to boost the US economy.
Critics claim that ordinary people have to shoulder the burden of the Fed’s reckless monetary policy decisions that lead to higher inflation.


Source: https://u.today/cardano-creator-slams-central-banker-who-says-that-crypto-industry-is-full-of-scammers

[cabron]

They are right about scams though. Charles even warns people about ADA giveaway just a day ago because there was a.youtube channel doing it.

Kashkari was talking about scam crypto tokens which is also true because there are lots of scam tokens. It just can't stop until no one is willing to get scammed. We see reputable users warning us about new projects and this is because they know theyve been victims.

[buwaytress]

Hey, I'm all for Bitcoin, but I have to agree the industry is full of "fuss, noise and confusion". It was much easier for me back in 2013-2016 to find out and self-educate, than it is today for a complete newcomer with little to average IT literacy. I do meet genuine newbies now and then eager to learn, eager to experiment, but because of all that noise, they ended up, as their entrepoint, with a literal shitcoin.

That isn't a defence of the fiat or banking system, however you want to call the status quo, by any means.

[Ucy]

Federal Reserve Bank of Minneapolis President Neel Kashkari has once again riled up the cryptocurrency community with his recent tweet, in which he says that the cryptocurrency industry is only filled with “scammers” who rip off the uninitiated with their pump-and-dump schemes.
Kashkari’s most recent comment has united different tribes of the cryptocurrency community.
IOG CEO Charles Hoskinson, who created proof-of-stake blockchain project Cardano, pointed to the Federal Reserve’s egregious money printing that he believes pushes people to place their faith in “sound money” that cannot be manipulated by the government.  
"So the org that can print TRILLIONS every year and claim there is no inflation thereby devastating the poorest amongst us has an issue with sound money that cannot be manipulated by politics. I'm shocked Neel!! SHOCKED!!!"
Alex Gladstein, Strategic Officer for the Human Rights Foundation, has shared numerous articles showing how Bitcoin helps people in countries such as Cuba, Nigeria, and Ethiopia achieve economic freedom and the fight against corruption.
He has not commented on cryptocurrencies for a long time, but he has recently become more skeptical. As reported by U.Today, he recently said that he was more optimistic in 2015 than he is now. He also said that 95% of all cryptocurrencies are driven by "fuss, noise, and confusion".
The real face of the central bank has become widely known in cryptocurrency circles after his infamous "60-minute" interview in which he said the central bank wanted to print an unlimited amount to boost the US economy.
Critics claim that ordinary people have to shoulder the burden of the Fed’s reckless monetary policy decisions that lead to higher inflation.


Source: https://u.today/cardano-creator-slams-central-banker-who-says-that-crypto-industry-is-full-of-scammers

Bitcoin actually helps people who use it around the world to achieve economic freedom (and fight against corruption), not just limited to those three countries. And without their contributions Bitcoin will certainly not be where it's today.
It's also good to always be specific so people know where to look for and don't get confused when they don't see much people being helped to fight corruption and attain economic freedom in those three countries  

[Kong Hey Pakboy]

I don't think that central banks are suitable platforms for cryptocurrencies, not at all.

Yeah they aren't but they can be a good bridge so people can get introduced to cryptocurrencies, there are banks that are already doing that and I don't think that the central bank isn't going to be any different from those banks, coexistence is the key here not conquest.

[maju69]

The US can still print money freely without worrying about inflation, while other countries are subject to a benchmark in each printing of money, and if it exceeds the limit it will become hyperinflation. Here we can see how unrealistic the US is about all the freedoms of every country where the economy in the money sector is the axis that is increasingly explosive. Besides that, regarding the incident that is currently an issue when Charles Hoskinson tries to fight all these inconsistencies by opening up space for cryptocurrency activists to be more massive in every use of transactions.