Yanis Varoufakis was Greece’s finance minister during the Greek economic crisis. In 2012, he explored utilizing a blockchain-based system to help manage some of the crisis. Varoufakis has spoken critically about bitcoin publicly on many occasions, he understands the power of bitcoin but feels its economics is dangerous. In Greece, the former finance minister, Yanis Varoufakis, came forward and voiced his sentiments about the world’s leading cryptocurrency.By an open letter published on July 27, Yanis Varoufakis stated that Bitcoin’s substitution as fiat currency would not be a good idea, since the crypt would only make “capitalism uglier, nastier and more dangerous for humanity.” Bitcoin Lacks the Shock Absorbers. Despite Bitcoin making big moves, some of the top political figures are criticizing the very essence of Bitcoin.One such personality is a Greek politician and former Finance minister, Yanis Varouakis. He recently responded to the open letter sent to him by Bitcoin socialist Ben Arc. Yanis Varoufakis was Greece’s finance minister during the Greek economic crisis. In 2012, he explored utilizing a blockchain-based system to help manage some of the crisis. Varoufakis has spoken critically about bitcoin publicly on many occasions, he understands the power of bitcoin but feels its economics is dangerous. In brief:Binance Coin was not spared by the crypto market turmoil seen on the 12th and 13th of March. BNB dropped to a level of $6.40 last seen in February of 2019. The prominent alt-coin might reclaim $14 but the general trend is still in . Thursday, July 16, 2020; Home; Press Release; Altcoin News; Bitcoin News; Blockchain News; Ethereum News; Tech News; Litecoin News; Latest News; E ... Greece’s former finance minister Yanis Varoufakis knows a thing or two about financial crises. In 2015, when he was in charge, the country was in such financial straits that it was unable to pay €1.6 billion to the International Monetary Fund. Now he is using that expertise to discuss whether Bitcoin could succeed as a […] Former Greek Minister of Finance Yanis Varoufakis said that blockchain is indeed an incredible technology but Bitcoin is unfit to replace money and will only make the crises worse as we read more in the latest Bitcoin news.. The former Greek Minister of finance said that there is an uneven distribution of BTC and its limited supply adding that not much will change for the companies and private ... As the Bitcoin price skyrocketed close to $9000 on April 29, Changpeng Zhao, or CZ, announced that Binance, the world’s largest crypto exchange, has hit $11 billion in trading volume over the past 24 hours. This number is considered an all-time high for the exchange. Yanis Varoufakis, has made his views clear about digital currencies like Bitcoin. He opines that users may continue trading, buying, or selling digital currencies but they would suffice for the economy to flourish. T here is a major divide between the rich and the poor of the Bitcoin world. Believer of Karl Marx and Keynesian School of Economics, Yanis Varoufakis, has made his views clear ... Elsewhere, Yanis Varoufakis, a left-wing academic and former finance minister in the Greek government, has joined the chorus of experts and regulators warning that Bitcoin’s price is based on nothing more than speculation. “Bitcoin is the perfect bubble,” said the economist in an interview with tech magazine Wired.
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