Nick Szabo Against Bitcoin Criticism

March 11, 2018

Nick Szabo, a person who is alleged to be the creator of the first cryptocurrency, spoke on against critics who called bitcoin and a number of other cryptocurrencies a “financial bubble”.

Szabo believes, “tulipomania”, a term applied to bitcoin which was introduced by lazy and incompetent critics, is an offence for the crypto industry these opponents don’t see into.

The expert also tore into the Us Federal Reserve having called inaccurate its statement that money must be traditionally issued by the state. As he said, it was made for the purposes of propaganda as in the past money was issued primarily by private banks and factories rather than state.

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