Community reaction to Oleg Tinkov's post about a point in the era of cryptocurrencies

 

Founder of Tinkoff Bank OlegTinkov published a post on his Facebook page, “The era of cryptocurrencies has come to an end,” in which he harshly criticized the very idea of ​​cryptocurrencies, simultaneously touching on Bitcoin, TON, Libra and Tether.

The banker claims that the issuing center neverwill be given into private hands, which is why Libra and TON have already failed. Cryptocurrencies do not solve any problems, and the speed and reliability of banking transactions is satisfactory. Tinkov noted that anarchy and self-government lead to manipulation of the price of Bitcoin, and most importantlystablecoin becomes a tool of manipulationTether pegged to the dollar. The negative impact of the anonymity of cryptocurrencies, people’s blind faith in fairy tales and other phenomena due to which the cryptocurrency boom occurred did not go unnoticed. 

The community’s response to Tinkoff’s statement was mixed.

Most of the community does not support the banker’s opinion about the failure of cryptocurrencies; users were outraged by the banker’s phrase“if you are a LAW-ABIDING and HONEST citizen, then you have nothing to hide and be anonymous and make financial transactions without state control”.  

The businessman’s statement was called superficial andreminded of Tinkov Coin. Regarding the speed of bank transactions, one of the commentators noted that even Mastercard hires cryptocurrency developers to speed up transaction throughput per second, because it is no longer enough and frequent system failures indicate problems.

Despite criticism of Tinkoff, no one calls into question his statements about the weak protection of crypto exchanges and wallets. It recently turned out that a fake Tor browser has been stealing bitcoins for years.

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