Charles Hoskinson reacted to the fed's plans to support the country's economy with an "endless" additional issue of dollars.
The Creator of the Cardano project, Charles Hoskinson, compared the us dollar to one of the largest cryptocurrency financial pyramids — OneCoin. This is how Hoskinson reacted to the fed's plans to issue an "infinite number" of dollars to support the country's economy.
"I'm not sure that I like this coin (us dollar-approx. ed.). It breathes the atmosphere of OneCoin, " the developer wrote.
He was responding to an interview with the head of the Minneapolis fed, Neil Kashkari, on CBS. The program talked about methods that can be used by the regulator to combat the economic crisis triggered by the coronavirus pandemic.
Kashkari said that the Federal reserve can issue as many dollars as necessary to ensure the liquidity of the banking system. First, the new money will appear in electronic form, then in physical form. At the same time, the official stressed that the fed has "an infinite amount of money."
The OneCoin pyramid scheme has attracted over four billion euros in three years from dozens of countries-Pakistan, Brazil, Norway, Hong Kong, Canada and Yemen. The founder of the project Ruzha Ignatova has been in hiding since 2017, and the us authorities accuse her of electronic fraud, securities fraud and money laundering. Two project supporters were arrested in Singapore, where OneCoin is officially recognized as a pyramid scheme. During the investigation, 98 people were brought to criminal responsibility in China, and $268 million was recovered.
