September 25, 2020

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

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

Founder of Tinkoff Bank Oleg Tinkoff atOn the Facebook page, I published a post “In the era of cryptocurrencies, there’s a point”, in which he severely criticized the very idea of ​​cryptocurrencies, simultaneously affecting bitcoin, TON, Libra and Tether.

The banker claims that the emission center neverwill be handed over privately, so Libra and TON have already failed. Cryptocurrencies do not solve any problems, and the speed and reliability of bank transactions is satisfactory. Tinkov noted that anarchy and self-government lead to manipulation of the price of bitcoin, and most importantly stablecoin becomes a manipulation toolTether pegged to the dollar. The negative impact of the anonymity of cryptocurrencies, the blind faith of people in a fairy tale and other phenomena that caused the cryptocurrency boom did not remain without attention.

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

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

Most of the community does not support the opinion of the banker about the failure of cryptocurrencies, users were outraged by the phrase of the banker “If you are a LEGAL 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.

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

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.

</p>