UK's a shadow home secretary uh says that Bitcoin could be should be heavily regulated by the Labour Party claiming that the cryptocurrency is just a gigantic Ponzi scheme hmm dynamic the United Kingdom's sitting a shadow home secretary said that in an interview with the house magazine that Bitcoin is just a gigantic Ponzi scheme and promised that the Labour Party of which she is a member would regulate it if an elected expressed news site reports Friday March 2nd so at least she's showing us her cards if she's elected she's going to be clamping down on that crypto guys so you're out in the UK don't vote for her that would be a bad idea I'm not telling you what to do you guys can vote forever at the hell you want speaking to the house Abbott said that Bitcoin could easily collapse stressing her opinion that the UK authorities should clamp down on its spread throughout the rest of the economy who to play guys on all your houses have its opinion echoes the statement made today by Mark Carney governor of the Bank of England about the need to hold Bitcoin and other cryptocurrencies to the same standards as the rest of the fine the rest of the financial system you mean the the standards of the rest of the financial system which is generally illegal tons of money long and funding terrorism booyakasha give us no regulations like that and cryptocurrency will flourish
we are looking at the Bitcoin issue one of the problems with Bitcoin is the extent to which it is just a gigantic a Ponzi scheme the shadow home secretary continued her explanation of the risks posed by Bitcoin quote if everyone took their Bitcoin money and tried to buy a new car all at once the whole thing would collapse no wouldn't wouldn't it would actually increase the strength of the network but first off it's a stupid argument because ain't nobody not everyone in the world with bitcoins gonna buy a new car all at once Godley it's great to know who your enemies are I guess stupid enemies the Labour MP is known in the British public for making controversial and sometimes ill informed remarks in the range of all topics Abbott once suggested that our party would be able to hire 10,000 people for the UK police at a total cost of 300,000 pounds translating to an average salary of just 30 pounds a little over $40 for new officers well done math is strong with math is strong with Diane Abbott Diane Abbott also tweeted that one of the lessons to be learned from the 2017 grenfell tower fire is that fire puts out water guys when you're a lifelong politician there's only one there's only one thing that you need to know how to do truly when you're a lifelong politician the only thing that you need to learn how to do is to ask for money from all your constituents in terms of making policy you're making the world a better place 99.99% of all politicians don't object about that the only thing that they're good at doing is raising money to stay in said position so they can continue to mooch off the people of the world well actually not doing anything or providing any value back Diane Abbott seems to be one of those people who knows a whole bunch of nothing about nothing Abbott is not the only public figure to harshly criticize Bitcoin over the last month Matthew Lesko a the free money guide remember that guy who became famous in the 90s from writing books on how to get federal grants from the US government called Bitcoin a scam and a gamble on an Internet in an interview was seen it hmm from the 90s guys charlie munger a 94 year old this partner with of Warren Buffett and vice-president of Berkshire Hathaway conglomerate said the idea of cryptocurrency is totally asinine and that is disgusting that people buy Bitcoin well guys here's the whole idea when you are the last to adopt something you are generally the individuals that most require the old world to supply for your livelihood think about that these guys are going to be the last to adopt Bitcoin and cryptocurrency because the old world is the only way that they can make their money so obviously they're going to continue to stay stupid and asinine things well Diane Abbott you're kind of stupid well let me know in the Bitcoin top five on the comment section below whether I'm off here whether Diane Abbott really is the genius that she thinks she is & smash the lizard e like button for Diane Abbott saying some pretty stupid stuff but it's okay it's good to know when they say it publicly that way you can know who to ignore
