Egregoros

> Lacks privacy

> Can't be held by a central bank

This is what kids refer to as a non-sequitur, it means the guy is a wind bag.

@cjd @sickburnbro

Bitcoin was created privately because no government would have ever created anything like it.

@magicalthinking @cjd he just wants something like gold, where they can trade stuff off market, have private agreements, etc.

He wants dollars, because he has connections that allows him to borrow them. But when he gets them, he's going to quietly move them into things he can't easily borrow, because of course he will... But he's going to talk trash about those things because he doesn't want to be SEEN doing it...

@cjd @magicalthinking if the guy is a billionaire, I don't treat this as him being a windbag, but complaining about something real ( and unfortunate for him )

Ahh, a billionaire. The only reason billionaires go on TV and talk is because they benefit from you believing something.

In the case of bitcoin, the most likely scenario is they're signaling to their compatriots that they're Fully On Board with the USD system, and definitely not quietly moving their assets out the back door...

@cjd @magicalthinking but the US is giving crypto a lot of legitimacy right now, so I don't think it's that.

Well, all I can say is there's a goal. Billionaires don't go on TV and talk finances without there being an endgame.

@cjd @magicalthinking exactly. the question is what his is, in particular.

Talk down the assets you're buying and talk up the assets you're selling 😏

>billionare says central banks need privacy

Wow much wisdom