BitDawg barks “Ms. Janet Yellen is clueless on Bitcoin!”  She said it is inefficient. But then in the same statement said the Fed should get a digital dollar for its efficiency.  Woof.  Rurh?  

First, Ms. Yellen needs to look up Lightning Net, which allows for speedy transactions of Bitcoin.  Much quicker closing than my credit card transactions.  

Next, Ms. Yellen.  Does PayPal, Visa, Square, MasterCard, Ark, Microstrategies, or Tesla agree with you?   NOPE.  I go with these multi billion dollar market cap companies over a public servant.  

Finally, Ms. Yellen. Are you trying to take care of JP Morgan and Goldman Sachs and other traditional financial companies residing in Class A space, wearing Armani suits, driving luxury automobiles, and flying private jets to visit you in DC.  Are you and they a little scared that you and they (the central authorities and middle men who rob us of our money by devaluing it with printing and who create fictitious accounts like Wells Fargo, and who cook the books like Lehman) see an end to your schemes.  An end by a decentralized, deflationary, peer to peer, cryptographically secure cyber bank (Bitcoin) preventing your schemes on us consumers?   Look in the mirror and ask yourself that question.  

You should be scared when an algorithm (Bitcoin) that doesn’t reside in Class A space, doesn’t wear Armani suits, and doesn’t drive luxury cars or fly in private jets, has a higher market cap than the world’s largest bank.  I ask you Ms Yellen.  Does the immutable ledger scare you and your friends in your regime?  Can’t cook the books anymore.  Can’t print more Bitcoin can you?

Instead of fighting Bitcoin, why not protect it Ms Yellen.  It is the truth.  That’s why.  

Bow wow.  

BitDawg