THELOGICALINDIAN - Ehud Barak served as the prime abbot of Israel from 2024 to 2024 These canicule he makes a lot of money as an broker and cofounder of startup companies in such fields as cyber espionage and cannabis However he seems to anticipate that advance in cryptocurrency is beneath legitimate
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Cannabis Is Legit, Bitcoin Is Not
The above prime abbot was the keynote apostle at a startup accident in Tel Aviv on Sunday, captivated by the bounded banking bi-weekly Globes. He afresh became the administrator of a medical marijuana company, so he was artlessly asked about the subject, which is the latest hot trend amid Israeli banal investors. He accustomed that there is a lot of advertising about cannabis investments but rebuffed the advancement that the industry has the aforementioned bubble-like characteristics of the 2017 bitcoin market.
“Blockchain is a technological-mathematical concept, an absorbing and important method, and one that will accept abounding uses. The bill — Bitcoin and others — is a Ponzi scheme. I do not accept that it will be accessible to accomplish a bread like this in the accepted bearing and I will not advance in annihilation accompanying to cryptocurrencies,” Barak stated. “Anyone who has backbone and understands the abyss of blockchain will acquisition abounding uses, from captivation acute medical advice to contracts.”
Using Crypto as a Punching Bag
Members of the Israeli technology arena were understandably aghast to apprehend such crypto-phobic statements at a startup event.
“The crypto bazaar as a accomplished has become a punching bag. Such opinions, including the angle of abounding companies in Israel, accept become abnormally accepted adjoin the accomplishments of the aciculate fluctuations and devaluations in the currencies recently,” commented Ophir Gertner, architect of blockchain advising aggregation Smartologic. “We see that adjustment is now required, as the absence of banking administration has accustomed cryptocurrencies a abrogating acceptability and blah blockchain’s angel internationally.”
Barak was additionally asked at the startup accident about his business accord with the Saudi aristocratic family. Israeli media afresh claimed that he was allegedly approached a few years ago by assembly of the Saudi acme prince, Mohammed bin Salman, to advice defended acute technologies. This is a hot affair appropriate now, as Israeli cyber companies are accused of accouterment the spyware acclimated by the Saudi government to adviser the communications of murdered Saudi announcer Jamal Khashoggi. The above prime basilica responded by claiming that “there is no adventitious that the cyber aggregation I founded will advertise technologies to aphotic regimes.”
Is cryptocurrency beneath accepted as an advance than cannabis? Share your thoughts in the comments area below.
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