Even with the efforts done by the inventor Satoshi Nakamoto and the people who supported bitcoin around the world, still these guy from EY says there was no practical use for it and the deflationary model can only give damage to the global economy. On my thinking this isn't the case if this guy could only see how good the invention was. For me he was just talking non sense. Something that should not be entertained. Imagine how many lives have been saved by bitcoin in my locality. One was able to pay hospitalization, the other have been able to buy for him a house and lot, others have been able to buy a car to get to his job early, and so many other things.. See how people even made bitcoin atms and for just a simple reasoning bitcoin becomes useless and damaging? I think this guy has to wake up...
Read it here..
https://news.bitcoin.com/ey-bitcoin-no-practical-use-india/well i do think you are completly wrong and also i believe the news are from india which i think the goverment are trying to manipulate their citizens to stay out from bitcoin. Bitcoin definetly have a value and also could become a blockchain, i believe you have heard about microsoft will using bitcoin for identity blockchain. So i dont agree with the statement bitcoin is useless.