Silly masses seem to think their money belongs to themselves! How dare they come up with a way to transfer it away from our greedy hands! /s
Krugman is an a**, but could someone point out what is incorrect in his quote about bitcoin:
“It’s not a convenient medium of exchange; it’s not a stable store of value; it’s definitely not a unit of account”
Does the author really think a Tweet from Francis could "spur a burst of panic selling"?
I'm aware of the use of large banks of computers and thus use of a lot of electricity in Bitcoin mining. Is that where we have "Technology based on the use of highly polluting fossil fuels" that Francis and Musk complain about? Sadly, we won't know because the author of this article is a lousy writer.
If the pope condemns it, it must be good. If it can hide transactions from the fascists in Washington it’s a good thing.