Link:
https://fortune.com/2021/03/16/bitcoin-jeffrey-sachs-critiques-btc/
According to Jeffrey Sachs, Bitcoin:
- is not a store of value;
- is not a medium of exchange;
- offers nothing nothing of social value;
According to Sachs, Bitcoin is:
- an enemy of the environment;
- a hidden tax on everyone.
Sachs is NOT against digital fiat currencies. He says:
“If a digital Euro or dollar makes actual transactions in our currencies more efficient without giving up the ability to track illicit operations and tax fraud, this is a good step forward.”
Sachs says the the world would be a better place had Bitcoin never been allowed to exist.
“I wish our central banks had said from the beginning, ‘No thank you, because you don’t get to print money, you don’t get to issue a substitute currency.'”
Johnny / Little Johnny
npub10h…hmngf
2026-05-06 12:38:45 UTC
in reply to nevent1q…9fne
Author Public Key
npub10hgud5dz7rva3kw7rclhcdtv663rwdgy5q4nfhdfa64lf69kavmslhmngfSeen on
wss://relay.damus.ioPublished at
2026-05-06 12:38:45 UTCEvent JSON
{
"id": "c2485fdfd4bd9987938f2ce746cf39629e1ce7c31aba57c33bc80b37b776d82f",
"pubkey": "7dd1c6d1a2f0d9d8d9de1e3f7c356cd6a2373504a02b34dda9eeabf4e8b6eb37",
"created_at": 1778071125,
"kind": 1,
"tags": [
[
"e",
"c2452f8b57c64db8b569e5ffbdd48f67cb2ece68cd1be92c2839cfd324bcbdfb",
"",
"root"
],
[
"p",
"7dd1c6d1a2f0d9d8d9de1e3f7c356cd6a2373504a02b34dda9eeabf4e8b6eb37"
],
[
"r",
"wss://nos.lol/"
],
[
"client",
"Primal Web"
]
],
"content": "Link:\n\nhttps://fortune.com/2021/03/16/bitcoin-jeffrey-sachs-critiques-btc/\n\nAccording to Jeffrey Sachs, Bitcoin:\n\n- is not a store of value;\n- is not a medium of exchange;\n- offers nothing nothing of social value;\n\nAccording to Sachs, Bitcoin is: \n\n- an enemy of the environment; \n- a hidden tax on everyone.\n\nSachs is NOT against digital fiat currencies. He says:\n\n“If a digital Euro or dollar makes actual transactions in our currencies more efficient without giving up the ability to track illicit operations and tax fraud, this is a good step forward.”\n\nSachs says the the world would be a better place had Bitcoin never been allowed to exist.\n\n “I wish our central banks had said from the beginning, ‘No thank you, because you don’t get to print money, you don’t get to issue a substitute currency.'”\n",
"sig": "893642ffcdac54c218996a389475035d06b4f250c1864b57c2a02768d5d9d77b197a89b4381588102573a38defe2c472ee0dd1af3b3ba229ffb53612b0871938"
}