Chicago Federal Bank Chairman Tries to Criticize Bitcoin. Ends up perfectly describing the Federal Reserve.

The Chairman of the Federal Bank in Chicago said regarding Bitcoin: “It’s hard to imagine a world where the main currency is based on an extremely complex code, understood by only a few, controlled by even fewer, without accountability, arbitration or recourse.” It’s funny because he perfectly described the Federal Reserve Banking System.

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Ripple Gets a Massive $20 Billion Sell Off Into Fiat

Ripple had a massive liquidation earlier today where it lost over $20 billion in market capitalization. The founders of Ripple made headlines and became some of the richest people in the United States because of Ripple’s pump over the past couple of weeks. Tons of XRP were sold off over the past day and the money doesn’t seem to have gone into Bitcoin or Alts, based on our analysis. Rather, it all went into Fiat. The founders, or the Ripple insiders had a massive cash out. Beware of this project and Coinoid strongly advises against investing in to it, especially using real cryptocurrencies like Ethereum or Bitcoin.