“You can’t just have a free for all. It just won’t work because we will form structural organisations within that as it’s the kind of thing we do.”
“You couldn’t have a system that deals with value through cash or money or any other value system. It won’t work. Bitcoin is a type of that, It simply won’t work. Nice but it won’t work.”
Based on his flimsy argument, methinks Bob is probably one of the incoherent shrieking trolls one often finds shrieking here! Alas, Max had this to say:
Journalist Max Keiser, a major Bitcoin evangelist, reacted scathingly to Geldof’s assessment of Bitcoin.
He told HuffPostUK: “The Bitcoin revolution is happening with or without Bob Geldof or Russell Brand.
“When I interviewed Bob on my radio show in Paris a few years back, I asked him if he thought he had enough basic knowledge about economics to make weighty proclamations and he said, “Yes,” wherein I asked him a very simple question that any first year economics student would know; ‘what is the relationship between interest rates and bond prices” and he hadn’t a clue.
“If you listen to Russell, it’s clear he is equally clueless when it comes to economics and finance. So to ask these guys what their opinion is on Bitcoin is a worthless exercise, it’s like asking a blind man his opinion on a Turner.”