Agustín Guillermo Carstens, General Manager of the world central Bank for International Settlements, speaking at Goethe University, in Frankfurt, Germany, condemns Bitcoin (the world’s first decentralized digital currency) as “a combination of a bubble, a Ponzi scheme and an environmental disaster.”

       NOTE: The real reason why Carstens condemned Bitcoin is that unlike fiat (Latin for “let it become”) currencies, he cannot control and manipulate its price.

       [added 3/28/2023] Thanks to Freedom’s Phoenix for this entry.

Subsequent Events:

3/6/2018                   6/17/2018

References:

Current U.s. National Debt:

$36,167,124,467,492

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