Former Greek Minister of Finance Yanis Varoufakis said that blockchain is indeed an incredible technology but Bitcoin is unfit to replace money and will only make the crises worse as we read more in the latest Bitcoin news.. The former Greek Minister of finance said that there is an uneven distribution of BTC and its limited supply adding that not much will change for the companies and private ... Former Greek Minister Yanis Varoufakis has shared some unpleasant opinions about Bitcoin and its ability to serve as a currency. In an open letter published earlier this week, Varoufakis attacked the top cryptocurrency on several fronts, claiming that it would be unable to solve financial crises if adopted as a currency. Bitcoin’s Hard Cap is a Demerit Greek economist Yanis Varoufakis claims that Bitcoin will remain insignificant from both a political and economic standpoint. Cover image via twitter.com. Contents . Bitcoin HODLers and oligarchs ; Failing as a means of payment; The Greek economist and the country’s former finance minister, Yanis Varoufakis, has poured scorn on Bitcoin in a recent tweet. Varoufakis says he stands by his ... Former Greek Minister Yanis Varoufakis has shared some unpleasant opinions about Bitcoin and its ability to serve as a currency. In an open letter published earlier this week, Varoufakis attacked ... In Greece, the former finance minister, Yanis Varoufakis, came forward and voiced his sentiments about the world’s leading cryptocurrency.By an open letter published on July 27, Yanis Varoufakis stated that Bitcoin’s substitution as fiat currency would not be a good idea, since the crypt would only make “capitalism uglier, nastier and more dangerous for humanity.” Yanis Varoufakis was Greece’s finance minister during the Greek economic crisis. In 2012, he explored utilizing a blockchain-based system to help manage some of the crisis. Varoufakis has spoken critically about bitcoin publicly on many occasions, he understands the power of bitcoin but feels its economics is dangerous. Yanis Varoufakis, has made his views clear about digital currencies like Bitcoin. He opines that users may continue trading, buying, or selling digital currencies but they would suffice for the economy to flourish. T here is a major divide between the rich and the poor of the Bitcoin world.
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