Fed President Neel Kashkari: #Bitcoin has still shown no actual usefulness in the real world… If you want to collect Beanie Babies, God bless you. I’m just cautioning people who think this an investment vehicle of usefulness. https://video.nostr.build/c57f14fe887fdba92c0370d30f6fbf6334a3a7a7d59b85543d1336f9d2294343.mp4
Discussion
Doesn’t someone paying for something over the internet with bitcoin even one time completely negate the argument that it has no utility? That’s what seems ridiculous about Peter Schiff’s arguments too. I don’t see how you can honestly say it has no utility at this point when people pay each other with it with no barriers and no permission. Even if I go buy a gold coin I can’t actually pay anybody with it unless I’m paying for something worth exactly that amount of gold.
Weak man.