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/I think with the presence of bitcoin will not damage the economic system that is already corrupt, in my opinion the Bitcoin system can improve the existing monetary system. With the current system, the government or central bank can print money only with the assurance of trust from the public without having to go through an audit while the bitcoin system is very transparent in terms of transaction data