Agreed...pure nonsense.

Did the Petro suddenly solve Venezuela's problems. When you have a token issued by an authority that is inept, corrupt, and uncaring, does it matter if it is fiat, crypto, or seashells?

Facebook is helping the cryptocurrency cause by pushing decentralization into the conversation. This company is too strong and people are realizing it. While they are not making the connection yet, their answer is decentralization. If we keep promoting this idea, people will realize how much more beneficial it will be.

Overall, these guys are way off base. They still believe in the power of the government and the corporation. These entities are not strong enough to stand up to this technology. It cannot be controlled, nor overtaken, or stopped.

What I see happening is the exact opposite. Cryptocurrencies will keep being created for a variety of projects enabling financing of all kinds of ventures. This is going to create massive wealth for hundreds of millions of people. Now that money creation is in the hands of all, we are in a different ball game. The leverage the few had is being stamped out.