in Blog, Daily GM

The ECB’s Last Stand

GM Bitcoiners,

Many of us would consider the latest crypto implosion a good thing. Sure, it’s hurt the Bitcoin price short-term, but it wiped out a lot of bad actors in the market. But the mainstream marketing spin hasn’t left Bitcoin unscathed, as many institutions are once again distancing themselves from sound money along with crypto.

The ECB are also back again…

There’s no way they will be lazy and just regurgitate old FUD, right? 

*Sigh*

By the second paragraph, they were already talking as if the Lightning Network didn’t exist…

“Bitcoin’s conceptual design and technological shortcomings make it questionable as a means of payment: real Bitcoin transactions are cumbersome, slow and expensive. Bitcoin has never been used to any significant extent for legal real-world transactions.”

‘Significant extent’? Really? So everything going on in El Salvador isn’t significant at all? 

Or what’s happening in Brazil…

The FUD doesn’t stop there, as the ECB shill lumps Bitcoin with crypto and then attacks it for its environmental costs. 

Nothing too new. 

But the recent coordination is a little suspicious. 

Many are using the current market to kick at Bitcoin while the price is down and push CBDCs. 

Me thinks they are afraid…

As for who wrote the article? 

Show me the incentives…

…and I’ll show you the FUD.

Written by Henry

Content Manager at FastBitcoins. Came to Bitcoin for the sound money... stayed for the memes! When not on Bitcoin Twitter, Henry can be found dancing Argentine Tango or in the gym.

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