Utterly useless as a currency, at least bitcoin is helping coal make a resurgence. "The lofty prices of cryptocurrencies have investors sinking money into electricity generation, risking a backlash"
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@neelkashkari
Neel will you do something about inflation instead of worrying about BTC and Zerohedge???
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@neelkashkari
I believe it is inappropriate for Federal Reserve members to casually comment on the value of any asset except further the "stability of the nations monetary, financial and payment systems."
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@neelkashkari
"lofty prices"
Care to say what a fair exchange rate would be between 21 million bitcoins and infinite cash?
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@neelkashkari
Y’all will wipe out noobs with your FUD. Everyone else will remain. The fate of central banking is sealed.
#learntocode
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@neelkashkari
Hey Neel learn your countries own tax laws. Bitcoin is treated as an asset/property, not a currency.
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@neelkashkari
Utterly useful as a policy, continuing to buy 100s of billions of $$ in Treasuries and mortgages well into an economic recovery ... and coincident with the greatest bull market in risk-taking ever ... is at least helping Housing Bubble-era house price increases make a resurgence
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108 years later and the Fed is pushing people into poverty as they enable the military industrial complex and overconsumption. This enablement has led to mass murder, untold amounts of wasted energy resources, and a degenerate yield chasing society.
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@neelkashkari
Says the guy that is working for the institution, that is literally issuing the petrodollar...
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@neelkashkari
Utterly useless as a currency.
Weird how effective it is when I use it to transact with....
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@neelkashkari
Utterly useless as a savings mechanism, at least the $USD is helping oil & conflict make a resurgence. "The lofty new supply of the PetroDollar has investors sinking more money into middle eastern conflicts, risking a backlash"
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@neelkashkari
Kinda reminds me of the bow purchasing power of the utterly useless dollar when we’re talking “store of value”
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