Cryptocurrencies

Fed Chair: Cryptocurrency Investors Are 'Unsophisticated'

Chairman Jerome Powell says they are putting their money in risky, unbacked investments built on reckless speculation.

|

Dado Ruvic/REUTERS/Newscom

Cryptocurrency investors are "unsophisticated" bumpkins who wouldn't know what money was if it hit them on their heads, Federal Reserve Chairman Jerome Powell suggested during a House Financial Services Committee hearing on Wednesday. No need to worry, however, because sophisticated folks like Rep. Brad Sherman (D-Calif.) believe Congress should "have the courage to ban cryptocurrencies" and save us from our misguided "animal spirits."

During Powell's semiannual testimony to Congress, Rep. Patrick McHenry (R-N.C.) turned the conversation to the subject of cryptocurrencies. At first, Powell merely echoed his comments from last November, saying cryptocurrencies are not significant enough to threaten the financial system. But then he took a cheap shot at investors who have backed cryptocurrencies like bitcoin and ethereum.

"Relatively unsophisticated investors see the asset go up in price, and they think, 'This is great; I'll buy this,'" Powell said. "In fact, there is no promise of that."

All investments carry risk, and investors in any currency, stock, or bond should be aware of that. But that doesn't make cryptocurrency investors any less sophisticated, as a group, than other kinds of investors.

That said, it's important to understand the source of Powell's skepticism. He derided cryptocurrency as an "investment with no promise." Later in his testimony he said cryptocurrencies are not really currencies because they don't "have a store of value," have no "intrinsic value," and are not commonly used for payments.

It's clear that Powell, like his predecessor and many of his colleagues, believes bitcoin and its various cousins are built entirely on speculation. Driven by the Keynesian animus toward speculation, they cannot reconcile its potential with its speculative value. While cryptocurrencies lack the widespread use that defines a medium of exchange as money, their investment value encourages their use and brings us closer to a reality where bitcoin is money.

Contrary to what Powell said, cryptocurrencies already constitute a store of value, although generally not a stable one. Two Federal Reserve economists, Michael Lee and Antoine Martin, found that cryptocurrencies "provide a store of value" in "environments where trust is a problem." Lee and Martin also pointed out that Federal Reserve notes, like cryptocurrencies, are not backed by physical commodities and have no intrinsic value.

Powell's other comments about cryptocurrencies further illustrated his misunderstanding of their potential value. He called attention to money laundering through cryptocurrencies. There is no denying that cryptocurrencies such as bitcoin are used for less-than-legal activities, largely by virtue of their anonymity and radical decentralization. But that fact does not disqualify them as serious alternatives to the present monetary system. Nor does it mean that cryptocurrencies should be banned, as Sherman suggested. "Yes, it is true that criminals have used bitcoin," says Norbert Michel, director of the Heritage Foundation's Center for Data Analysis, "but it's also true that criminals have used airplanes, computers and automobiles."

There is an upside to Powell's bearishness. As long as central bankers don't believe cryptocurrencies pose a threat to the monopoly of state-sponsored fiat money, we can expect fairly lax regulation of the industry. Powell made it clear that he has no intention of pursuing jurisdiction over cryptocurrency. It's better to have government officials mocking bitcoin than trying to regulate it out of existence.

Advertisement

NEXT: Brickbat: Depressing Outcome

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

  1. Cryptocurrency investors are “unsophisticated” bumpkins who wouldn’t know what money was if it hit them on their heads, Federal Reserve Chairman Jerome Powell suggested during a House Financial Services Committee hearing on Wednesday. No need to worry, however, because sophisticated folks like Rep. Brad Sherman (D-Calif.) believe Congress should “have the courage to ban cryptocurrencies” and save us from our misguided “animal spirits.”
    […]
    “Relatively unsophisticated investors see the asset go up in price, and they think, ‘This is great; I’ll buy this,'” Powell said. “In fact, there is no promise of that.”

    More idiocy from TOP MEN.

    I bought Bitcoin under $100 each and sold at its high.

    I buy stock at low points and sell high.

    I buy stocks at low points and hold for dividends.

    Yeah, real tough concepts at work here.

    1. The Federal Reserve also does not know what money is, and hasn’t since 1971.

      As for your points, not only do I agree, but I have done everything except the Bitcoin one. Even then, I bought Bitcoin, then sold enough to more than recover my investment, and nowhere near its high. Why do I hold onto the rest? Not for a profit, but for the same reason I keep gold, silver, ammo and insurance: In case something goes wrong. BTC is a good hedge against the possibility of hyperinflation, as Venezuelans are doing now.

  2. Chairman Jerome Powell says they are putting their money in risky, unbacked investments built on reckless speculation.

    This from a banker that ‘knows’ what the ‘correct’ interest rate should be.

    If this guy would just admit that he has zero understanding why people would invest in cryptocurrencies, I would be happy to explain some reasons.

    1. This from a banker that ‘knows’ what the ‘correct’ interest rate should be.

      Hey, we don’t want the ‘economy’ to ‘overheat’!

      1. Hey, watch where you stick that thermometer!

    2. I don’t think he is or he doesn’t seem to be speaking on this level, or at least not directly, but he is correct. If you wake up tomorrow and your stocks have gone up 50% that’s great, if your dollar is worth $1.50, that’s a problem.

      1. Its called speculation in capitalism and it happens in real estate, stocks, bonds, Bitcoin….

        Its risky and people should make bank if they risked correctly and go bankrupt if they risked incorrectly.

        This douche should be more worried about junk bonds.

        Remember junk bonds? Yeah, they are making a comeback being ignored by federal regulators and the federal reserve.

        Just like the federal reserve conspired to set in motion the banking finance scam of the millennia.

        1. Its called speculation in capitalism and it happens in real estate, stocks, bonds, Bitcoin….

          And forex markets/speculation are a thing as well. I don’t disagree with the issues regarding junk bonds.

          More my issue is that bitcoin has been touted and still, to a degree, touts itself as some sort of techno-magic solution to a/the anonymity/privacy/trust paradox that has kept governments in power these long years. Because simply calling it a somewhat novel modestly-liquid asset isn’t nearly as sexy.

          People should be free to make all the good/bad investments they like. Bitcoin (advocates) shouldn’t be able to claim that it’s something it’s not. Especially if they themselves are mining, investing, managing exchanges, etc.

          1. Bitcoin has a bunch of fans who try and pump and dump. Like any real discussion, you can easily tell the respectful people with supported positions and the trolls.

            As you say, Bitcoin is not a magic currency. It is an interesting start to breaking government manipulation of currency at the levels they do. Gold can be hard to actually buy and governments want that. If governments control currency and gold, finding alternative in the old World was difficult.

            Bitcoin is pretty easy to buy and use.

            Blockchain is another exciting tech to keep track of manipulations by banks, hackers, etc.

            1. How crazy are anti-gummint goobers (and Trumptards)? THIS crazy!

              YES!!! Cryptocurrency is for TOTAL dumbfucks,
              The ONLY reason to accept it is … as an investment for FUTURE profits … NO reason to accept it as currency.

              The ABSOLUTE craziest USED to be gold nuts, DEMANDING commodity backing, IGNORANT of gold’s century-plus FAILURE to maintain stable prices, … constant deflation.

              Now they SWOON for Bitcoins … with NO backing ,…. and MUCH worse deflation. How could that be? …… ANTI-GUMMINT GOOBERISM!

              It ain’t gummint … s-o-o-o-o … all their previous gold-ranting was not only stupid … it was a fucking lie!
              They’re ALL as crazy as Ron Paul!

              THEY EVEN SNARL THAT FOREVER DEFLATION IS GOOD! Shititng Market Economics 101. Inflation benefits borrowers. Deflation benefits savers. (assume wages change up or down)That’s why Marx WON under the gold standard, which confirmed his screeching about “exploitation of the working class.”

              1. Why are you coming on here and responding to a 6 hour old post, child? Go to bed.

                1. Hes a troll.

                  1. loveconstitution1789
                    Hes a troll.

                    (lol) Says the world’s #1 Trump troll … who’s “entitled” to slurp the gummint teat … while screwing his own father and children. Today’s contards. šŸ™

                    loveconstitution1789|2.8.18 @ 3:08PM|#

                    My retired father loves politics and we often discuss the nature of things.

                    I cannot get him to openly discuss social security and medicare reform with cuts. He is just hoping to check out before our debt crushes the USA. Its selfish as shit.

                    TROLL says more crushing debt is okay .. if lines HIS pocket!

                    Insults HIS OWN FATHER, “selfish as shit” … but DEFENDS his own sucking at the gummint teat! (OMG)

                    WHINES that a multi-trillion debt increase is “giving my own money back ” … FROM WHERE?

                    BY STEALING FROM HIS OWN CHILDREN AND GRANDCHILDREN … with MORE :crushing debt … but HE is not selfish as shit!!! Trolling for goobers.

                    What kind of fiscal conservative DENIES federal debt steals from our future … his own children? Brainwashed Republican goobers … as DANGEROUS as … brainwashed Bernie goobers

                    HED CUT HIS FATHER’S BENEFITS .. AND STEAL FROM HIS OWN KIDS … TO INCREASE HIS CASH, BECAUSE … HE’S “ENTITLED.”

                    The NEW Entitlement Mentality. The Alt-Right

                    Is your Mom “selfish as shit,” too?

                    Left – Right = Zero

                  2. MAGA

        2. mad.casual CRUSHES ;c1789!!!

          If you wake up tomorrow and your stocks have gone up 50% that’s great, if your dollar is worth $1.50, that’s a problem

          Its called speculation in capitalism and it happens in real estate, stocks, bonds, Bitcoin….

          WHOOOOOOOOOOSH
          You admit Bitcoin is a speculative investment … the OPPOSITE of a currency … AGREEING with mad.casual!!

          Educate yourself on this very page!!

          1. The adults are talking, and children are meant to be seen and not heard.

            1. The adults are talking, and children are meant to be seen and not heard.

              This is what the ADULTS know< (smirk)

              Cryptocurrency is for TOTAL dumbfucks,
              The ONLY reason to accept it is … as an investment for FUTURE profits … NO reason to accept it as money.

              Libertarian retards are the craziest. They USED to be gold nuts, DEMANDING commodity backing, IGNORANT of gold’s century-plus FAILURE to maintain stable prices, constant deflation.

              Now they SWOON for Bitcoins … with NO backing ,…. and MUCH worse deflation. How could that be?

              ANTI-0GUMMINT GOOBERISM!

              It ain’t gummint, so… their previous gold-ranting was not only stupid … it was a fucking lie!
              They’re ALL as crazy as Ron Paul!

              THEY EVEN SNARL THAT FOREVER DEFLATION IS GOOD! Shititng on two centuries of Market Economics 101. Inflation benefits borrowers. Deflation benefits savers. That’s why Marx WON under the gold standard, which confirmed his screeching about “exploitation of the working class.”

              (sneer)

              1. Your statements are childish sound and fury, signifying nothing. Now, since I know you don’t understand what that means since you’re not mature enough to understand, let me put it in simple terms for you: you are out of your depth. Debate over milk and cookies at your preschool, child, as you are plainly not mature enough to speak with adults.

                1. WHAT BACKS BITCOIN?
                  Why is it “childish” to show the world how ignorant you ignorance?
                  Why would an “adult” log on for the sole purpose of launching seven unprovoked verbal assaults — all based on your ignorance of …

                  WHAT BACKS BITCOIN?

                  WHY DO “ADULT” SNOWFLAKES SHOUT DOWN DIFFERING VIEWS?
                  IS THIS YOUR SAFE ZONE?

                  1. Child, you shout loudly without realizing that the adults in the room mock your ignorance. The one thing you prove with your infantile yowling is that your are in need of a good spanking and a time out. Go to your room, child.

                    1. CHICKENSHIT EVASION

                      WHAT BACKS BITCOIN?

                      WHY DO “ADULT” SNOWFLAKES SHOUT DOWN DIFFERING VIEWS?
                      IS THIS YOUR SAFE ZONE?

                    2. Child, please. You are no adult snowflake. You are an imbecilic youngling, barely out of diapers, who does not deserve to have it’s opinions considered.

                      It is past your bedtime, child. Go to sleep.

    3. If this guy would just admit that he has zero understanding why people would invest in cryptocurrencies, I would be happy to explain some reasons.

      Ummm, you just admitted why he’s correct, you’re wrong, What make YOUR good investment is the OPPOSITE of sound money,

      So, you’ve also admitted that cryptocurrencies are NOT currencies, per Economics 101.

      Since cryptos are backed by NOTHING, the ONLY reason for a merchant accept it is INVESTMENT profit.
      But profit on in investment is DEFLATION in currency … a FAILURE to maintain stable prices.

      It’s a con game for suckers … as a currency … and a good investment solely because the Supply is intentionally manipulated to be less than Demand.

      Suckered you. But so did Trump.

      1. Vacate the premises, child. This is an adult conversation?a concept you’ll understand when you’re older.

        1. Since cryptos are backed by NOTHING, the ONLY reason for a merchant accept it is INVESTMENT profit. But profit on in investment is DEFLATION in currency … a FAILURE to maintain stable prices.

          Vacate the premises, child. This is an adult conversation?a concept you’ll understand when you’re older.

          Umm, what’s the backing for Bitcoin, chump?
          And why are you stakling me doen the entire page.???

          xoxoxoxoxoxoxo
          The child with an IQ 3x yours.
          (smirk)

        2. The more Hihn, the more you know that you make the lefties upset.

          1. I “triggered” lc1789.s “Safe Zon”: AGAIN!!

            Umm, what’s the backing for Bitcoin, chump?
            And why are you stalking me down the entire page.???

            The more Hihn, the more you know that you make the lefties upset.

            WHAT’S BACKING BITCOIN, CHUMP?
            And why are you stalking me down the entire page.???

            loveconstitution1789

            My retired father loves politics and we often discuss the nature of things.

            I cannot get him to openly discuss social security and medicare reform with cuts. He is just hoping to check out before our debt crushes the USA. Its selfish as shit.

            HIS OWN FATHER, “selfish as shit” … but DEFENDS his own sucking at the gummint teat!

            WHINES that a multi-trillion debt increase is “giving my own money back ” … FROM WHERE?

            BY STEALING FROM HIS OWN CHILDREN AND GRANDCHILDREN … with MORE :crushing debt … but HE is not selfish as shit!!! Trolling for goobers.

            What kind of fiscal conservative DENIES federal debt steals from our future … his own children? Brainwashed Republican goobers … as DANGEROUS as … brainwashed Bernie goobers

            HED CUT HIS FATHER’S BENEFITS .. AND STEAL FROM HIS OWN KIDS … TO INCREASE HIS CASH, BECAUSE … HE’S “ENTITLED.”

            (Will this trigger him again?)

            Yup!
            The moral hypocrisy of Trolling Trunptards

            1. Shouting does not signify emotion, and it certainly does not signify reason. It is merely loud. Now be silent, child, so that the adults can talk.

              1. Shouting does not signify emotion

                It’s ridicule, Slick.
                So so this

                so that the adults can talk.

                When will you start?

                Calling you out
                1) Link to ONE adult comment bu YOU, anywhere on this page.
                2) You have seven comments, ALL personal attacks.
                3) You logged in for the SOLE purpose of attacking me.
                4) For the SOLE purpose of calling ME a child.

                Why should anyone believe a psycho bully, launching multiple hissy fits, in seven unprovoked assaults?

                Hitler was an adult, So wa Stalin, Pol Pot, Mussolini, Donald Trump ….

                WHAT BACKS BITCOIN?

                (sneer)

                1. Believe me, child, you are nowhere near the level of a psycho bully, although I fear you will turn into one if your attitude is not rectified by your parents. Incidentally, I feel sorry for them, as they have to deal with you in person. Child, I request that you show your parents some respect, although the fact that they gave birth to you strongly suggests that they do not deserve any respect from others.

                  1. Called out …. FAILS

                    1)) Link to ONE adult comment bu YOU, anywhere on this page.
                    2) You have nine comments, ALL personal attacks.
                    3) You logged in for the SOLE purpose of attacking me.
                    4) For the SOLE purpose of calling ME a child.

                    Why should anyone believe a psycho bully, launching multiple hissy fits, in nine unprovoked assaults?

                    Hitler was an adult, So wa Stalin, Pol Pot, Mussolini, Donald Trump ….

                    WHAT BACKS BITCOIN?

                    1. The only one here having a hissy fit is you, child. I suggest you learn to control your temper instead of throwing tantrums if you ever hope to be taken seriously by your elders.

                    2. (my tone and boldface in self -defense against a cyber-bully stalker)

                      So much RAGE and HATRED! But NONE even tried to defend BitCoin. Because none CAN!

                      That’s my latest Grand Slam Home Run on the adult scoreboard!

                      ANOTHER loss for the cyber-bully stalkers! (a/k/a cowards)

                      The truth CANNOT be shouted down …

                      ***Bitcoin is NOT a currency.
                      ***It’s backed by NOTHING.
                      ***The ONLY reason for merchant to accept it is an INVESTMENT … for FUTURE profits
                      ******** A GRAND PONZI SCHEME (requires future suckers)

                      IS AMAZON STOCK A CURRENCY? (DUH)

                      So scream on goobers EVERY assault is a another surrender.

                    3. The truth cannot be shouted down. However, you have no grasp of any sort of truth and choose instead to shout stupidly about ideas a child like you cannot comprehend. Go play elsewhere, child.

          2. MAGA

  3. It’s better to have government officials mocking bitcoin than trying to regulate it out of existence.

    You know — the way they do with conventional currency.

    1. Nice going, summoning the gold fetishists.

      1. Friedman has been correct all along. But he ridicule the gold standard with a simple question .. so libergoobertarians hate his guts. “Do we want a stable money supply or stable prices.”

        We can’t have both, obviously, unless the Law of Supply and Demand is repealed. So, which is better?

  4. “Relatively unsophisticated investors see the asset go up in price, and they think, ‘This is great; I’ll buy this,'” Powell said. “In fact, there is no promise of that.”

    “Relatively unsophisticated citizens see the dollar go down in value, and they think, ‘This is bad; I’ll audit the Fed.’ In fact, there is no promise of that.”

    1. Relatively unsophisticated goober see Bitcoin go up in value, and they think, “This is a great currency,” when in fact that makes it a good investment that FAILS as a currency.

      Since Bitcoin is backed nu NOTHING .. there is NO reason for a merchant to accept it as currency, only as an investment. An investment whose vallues is based LITERALLY on currency manipulation.

      BUT IT’S NOT GUMMINT. (which is all it takes to snooker a goober)

  5. Well, my 9 year old son IS trying to convince me he should start mining Dogecoin, so the argument isn’t totally lame.

    1. My kid’s been mining since the furthest you could get was the Moon. He got out once he got past Jupiter.

    2. Dogecoin is awesome, but FWIW, it is widely known within the crypto community that it isn’t worth mining Doge. I forget the explanation why, it has something to do with the supply (which isn’t capped like Bitcoin) or the mining power required.

  6. Honestly, I just heard an interview with Powell on Marketplace last week. I rather liked the guy — he was quick to point out that he doesn’t consider himself in charge of the economy, and is the first Fed chair I’ve heard willing to admit he doesn’t know (and it’s not his job to know) why something in the economy is happening. That suggests to me that he’s a weaker Keynesian macro-economist than his predecessors, which can only be a step in the right direction.

    He’s not entirely wrong — crypto’s got a ways to go before it’s unequivocally a currency, and it IS a risky investment because it’s not backed by anything. But that doesn’t mean we should save people from their own willingness to take risks with their money.

  7. YES!!! Cryptocurrency is for TOTAL dumbfucks,
    The ONLY reason to accept it is … as an investment for FUTURE profits … NO reason to accept it as money.

    Libertarian retards are the craziest. They USED to be gold nuts, DEMANDING commodity backing, IGNORANT of gold’s century-plus FAILURE to maintain stable prices, constant deflation.

    Now they SWOON for Bitcoins … with NO backing ,…. and MUCH worse deflation. How could that be?

    ANTI-0GUMMINT GOOBERISM!

    It ain’t gummint … s-o-o-o-o … all their previous gold-ranting was not only stupid … it was a fucking lie!
    They’re ALL as crazy as Ron Paul!

    THEY EVEN SNARL THAT FOREVER DEFLATION IS GOOD! Shititng on two centuries of Market Economics 101. Inflation benefits borrowers. Deflation benefits savers. That’s why Marx WON under the gold standard, which confirmed his screeching about “exploitation of the working class.”

    1. YES!!! Reading the opinions of children is for TOTAL dumbfucks.

      To bed, child. And PLEASE, try to clean up your language.

      1. What is the backing for Bitcoin?
        And why is even a child smarter than you?

        ANTI-0GUMMINT GOOBERISM!

        It ain’t gummint … s-o-o-o-o … all their previous gold-ranting was not only stupid … it was a fucking lie!
        They’re ALL as crazy as Ron Paul!

        1. Child, your intelligence is a delusion brought on by your inability to accept that you know nothing whatsoever about the world. Be silent and let the adults converse among themselves.

          1. WHAT BACKS BITCOIN?
            WHY ARE YOU PUNISHING ME FOR ASKING?
            WHY DID YOU LOG ON FOR THE SOLE PURPOSE OF STALKING ME?
            WHY DID YOU LOG ON TO LAUNCH SEVEN UNPROVOKED ASSAULTS (SO FAR)

            WHAT BACKS BITCOIN?

            WHY DO “ADULT” SNOWFLAKES SHOUT DOWN DIFFERING VIEWS?
            IS THIS YOUR SAFE ZONE?

            1. Believe me, you are no “adult” snowflake. You are merely a screaming child, devoid of logic or anything but screamed insults. I suggest you learn to respect your elders, child, for your peers will not be so forgiving of your idiocy.

              1. WHAT BACKS BITCOIN?
                WHY ARE YOU PUNISHING ME FOR ASKING?
                WHY DID YOU LOG ON FOR THE SOLE PURPOSE OF STALKING ME?
                WHY DID YOU LOG ON TO LAUNCH NINE UNPROVOKED ASSAULTS (SO FAR)

                WHAT BACKS BITCOIN?

                WHY DO “ADULT” SNOWFLAKES SHOUT DOWN DIFFERING VIEWS?
                IS THIS YOUR SAFE ZONE?

                1. The only punishment anyone here is experiencing is the punishment of having to watch you throw a hissy fit. Go to bed, child.

                  1. (my tone and boldface in self -defense against a cyber-bully stalker)

                    So much RAGE and HATRED! But NONE even tried to defend BitCoin. Because none CAN!

                    That’s my latest Grand Slam Home Run on the adult scoreboard!

                    ANOTHER loss for the cyber-bully stalkers! (a/k/a cowards)

                    The truth CANNOT be shouted down …

                    ***Bitcoin is NOT a currency.
                    ***It’s backed by NOTHING.
                    ***The ONLY reason for merchant to accept it is an INVESTMENT … for FUTURE profits
                    ******** A GRAND PONZI SCHEME (requires future suckers)

                    IS AMAZON STOCK A CURRENCY? (DUH)

                    So scream on goobers EVERY assault is a another surrender.

                    1. Your meltdowns are repetitive and boring. Educate yourself, child.

          2. MAGA

      2. Hihn gets to stay in his Moms basement for free.

        1. I “triggered” lc1789’s “Safe Zone”: AGAIN!!

          Umm, what’s the backing for Bitcoin?

          Hihn gets to stay in his Moms basement for free.

          EVASION!

          ***And WHY the crazy psycho lie? (smirk)

          loveconstitution1789

          My retired father loves politics and we often discuss the nature of things.

          I cannot get him to openly discuss social security and medicare reform with cuts. He is just hoping to check out before our debt crushes the USA. Its selfish as shit.

          HIS OWN FATHER, “selfish as shit” … but DEFENDS his own sucking at the gummint teat!

          WHINES that a multi-trillion debt increase is “giving my own money back ” … FROM WHERE?

          BY STEALING FROM HIS OWN CHILDREN AND GRANDCHILDREN … with MORE :crushing debt … but HE is not selfish as shit!!! Trolling for goobers.

          What kind of fiscal conservative DENIES federal debt steals from our future … his own children? Brainwashed Republican goobers … as DANGEROUS as … brainwashed Bernie goobers.

          HED CUT HIS FATHER’S BENEFITS .. AND STEAL FROM HIS OWN KIDS … TO INCREASE HIS CASH, BECAUSE … HE’S “ENTITLED.”

          Is his MOTHER “selfish as shit,” too?

          (Will this trigger him again?)

          Yup!
          The moral hypocrisy of Trolling Trunptards

          1. Your temper tantrums impress no one and do not incline your elders to let you get your way. Now it’s past your bedtime, child. Go to sleep.

            1. (my tone and boldface in self -defense against a cyber-bully stalker)

              So much RAGE and HATRED! But NONE even tried to defend BitCoin. Because none CAN!

              That’s my latest Grand Slam Home Run on the adult scoreboard!

              ANOTHER loss for the cyber-bully stalkers! (a/k/a cowards)

              The truth CANNOT be shouted down …

              ***Bitcoin is NOT a currency.
              ***It’s backed by NOTHING.
              ***The ONLY reason for merchant to accept it is an INVESTMENT … for FUTURE profits
              ******** A GRAND PONZI SCHEME (requires future suckers)

              IS AMAZON STOCK A CURRENCY? (DUH)

              So scream on goobers EVERY assault is a another surrender.

              1. (posted in self-defense of another unprovoked assault by a stalking cyber-bull

                Why is EVERY unprovoked assault by Tiny Flying Tiger in defense of the enslaved Trump Troll, hateconstitution1789? (A strategy even dumber than Trump;s!Donald)

                So much RAGE and HATRED! But NONE even tried to defend BitCoin. Because none CAN!

                That’s my latest Grand Slam Home Run on the adult scoreboard!

                ANOTHER loss for the cyber-bully stalkers! (a/k/a cowards)

                The truth CANNOT be shouted down …

                ***Bitcoin is NOT a currency.
                ***It’s backed by NOTHING.
                ***The ONLY reason for merchant to accept it is an INVESTMENT … for FUTURE profits

                ******** A GRAND PONZI SCHEME, BY DEFINITION (requires future suckers)

                IS AMAZON STOCK A CURRENCY? (DUH)

                So scream on goobers EVERY assault is a another surrender.

                1. Child, words are not assaults, although if they were your incoherent screeching would certainly qualify. Stop throwing temper tantrums and grow up.

            2. MAGA

Please to post comments

Comments are closed.