Ro Khanna has made positive remarks on crypto assets, noting that the decentralization of crypto assets cancel provides a check against economic mismanagement.
To Khanna, a member of the House of Representatives for California is the opinion that crypto assets decentralization will equally promote transactional exchange.
As at the time of writing this news, the information below was gathered;
Khanna has spoken positively on the prospects of crypto assets unlike his fellow counterpart Elizabeth Warren, Senator representing Massachusetts who is of the opinion that bitcoin is an unpredictable asset.
Khanna believes that the decentralization of crypto assets is an attribute for the promotion of transactional exchange, thereby providing a check against economic mismanagement.
Janet Yellen, U.S. Treasury Secretary disagrees with Khanna, and of a different view that BTC is extremely inefficient due to the crypto assets perceived disproportionate energy use. In the same opinion Warren seconded her.
Khanna says, he also aware of critics propelled by opponents of the leading crypto assets, as a means to dissuade crypto investors.
In view of that he added in his tweet that "let us nurture it but protect consumers, prevent abuse and invest in less carbon-intensive mining in America.
As a matter of fact, I there were reactions in view of Khanna's Pro-BTC comments on twetter as many did not agree with him.
Then came critics on the common attack points against BTC. One of the numerous users in the person of August added that electronic waste to the crypto assets perceived waste energy that "GFX cards are typically used for mining of crypto and they are bought and easily abadoned.
Another user Forza Manchester City dismisses the crypto assets decentralization attribute, that it is just a theory to control a few major mining pools.
Other important updates from the news is that upon Khanna's contention that crypto assets decentralization providing a check against economic mismanagement does not justify the fact, rather other users disagree with the claim that the decentralization only helps to confuse movement of speculative actors.
What is your opinion on To Khanna's idea about BTC?
