The man principally known for his muchly beloved dress-up routine at conferences and other public gatherings, and principally responsible for a shedding of value the likes of which the world rarely sees - about five billion or so over the course of a year, with its attendand suicides and general human misery is pushing a certain agenda.
That agenda is doomed, because I'm no Boehneri. The politicos involved seem to have not fully grasped this yet, for whatever reasonsii, and so are willing to risk the ridicule and expose their top tier propaganda tools to the unfortunate position the Financial Times finds itself in currently.
A. Bitcoin is not a commodity. It certainly wasn't "turned" into one. It certainly will not be turned into one. (BTW: you missed your turn, boys. Too late now.)
B. Gavin has no responsibilities in Bitcoin. He is however responsible. Not for Bitcoin's success. Other people did that, he's merely a plowing fly when it comes to Bitcoin's success. He is however responsible for much simpler things : some kid's brains splattered all over Astoria, for starters.iii
I guess the best closing is repeating a point clearly not repeated enough :
A person with competency in a field reads a [media] item on that field, and finds it full of holes and altogether nonsensical, then flips the page and treats some other item on some other field he has no competency in as if it were sensible and meaningful, somehow magically forgetting his experience minutes ago and somehow magically failing to infer that a broken pipe is probably broken in all lights.
If you understand an iota of Bitcoin, you've just discovered how altogether and completely stupid, pointless, meaningless and drivel-driven the FT is. Save your subscription, buy something useful instead. Doggerel of the sort can be had for free, no need to pay money for it.———
- Imagine, for the sake of this conversation, a Congress that exclusively consisted of people owning a million dollars or more in property, and their representatitives. Do you see much room for unbalanced budgets, high taxes or welfarism ?
So there you go. [↩]
- The usual reasons, ie, their own idiocy. Look at what the Russian driven Swiss Franc cap removal has done to Europe, and tell me more about how dangerous the toothless US alliance has been for Putin. Seriously, he is going to lose office over the "sanctions" ? How about he keeps his office and pretty much every US politician in the Eurozone gets thrown out instead ?
Who could have predicted such an outcome! Outside, of course, of everyone with a clue looking at the matter. [↩]
- And yes, he will hang for it, but that's little matter : so will plenty of others. [↩]