So, dear Steemians, it would appear that some European banks, finance institutions and governments are rattled!
Specifically the Polish Central Bank.
It has emerged that they were prepared to pay a youtuber Marcin Dubiel to post negatively about cryptocurrencies to promulgate the message that the likes of Bitcoin and Ethereum etc are unstable.
Which begs the question...what does this say about how much stability and security there is left in Fiat? Or even in the banks themselves?
And they put their money where their mouth is too. The youtuber with over a million subscribers received approximately $30K for producing the video. In it after he invests in cryptocurrency, with the hope of getting rich quick, and subsequently when loses it all he cannot afford to pay for his date's meal.
The drama plays effectively into the narrow narrative that the banks want to perpetuate...that they are the safest place to stash cash!
Is this kind of superficial slander the signs of a dying edifice crumbling? Are they scared that Fiat is failing and are thus resorting to these shoddy back alley marketing campaigns?
For Polish speakers here is the vid;
For everyone else here is a link to the news report;
https://www.trustnodes.com/2018/02/17/polands-central-bank-secretly-paid-youtubers-slander-cryptos
Picture Credit
Superb piece of Banksy graffiti on a wall in central Paris snapped by an unknown photographer this week. Nice how his name is no small irony here!