Uh-oh, here comes the thought police lol. This ECB crony is suffering the same delusion that many do, it's embarrassing that so-called authority figures can speak such nonsense, and no-one else in a responsible public role contradicts them.
Money is conceptually very much tinged with psychology. One can use any object as a common medium of exchange, history demonstrates this amply. Either this Smets character believes in his own institution's BS too deeply to accept this fact, or he understands the psychology at play and is attempting to manipulate the way that the public perceive Bitcoin's value as a type of money. He's either a useful idiot for the central bankster monopoly, or a highly machiavellian piece of work.
Money is conceptually very much tinged with psychology. One can use any object as a common medium of exchange, history demonstrates this amply. Either this Smets character believes in his own institution's BS too deeply to accept this fact, or he understands the psychology at play and is attempting to manipulate the way that the public perceive Bitcoin's value as a type of money. He's either a useful idiot for the central bankster monopoly, or a highly machiavellian piece of work.
I am sure deep inside the man believe that whatever form of money that does not come from them will always be bogus and not worth exploring with. While i understand all of these warnings about how we might lose a lot of money with Bitcoin, the warning should also be pointed to the very institution he is heading. This is indeed quite ironic. We should be warned that Central Banks are not anymore working for the benefits of the people but themselves. I am sure that history will proved how fatal had been our common belief that bureaucrats will always be there for us.
It's beyond me that these idiotic banksters still lack the actual understanding of what Bitcoin is really about. In most cases there is a saying -> If you don't know what you're talking about, then don't talk. It's pretty simple, but yet a very effective saying. I am all in for a well harmonized existence of Bitcoin and banks, but in these cases I wouldn't mind seeing them dry out completely. Another funny thing is that banks advice people to not get involved in Bitcoin, and if they do anyway, and they lose out, that they will be responsible for their own actions. LOL. If banks mess up on the financial markets, they make the tax payers pay for the mess they created, the hypocrites. 
