Khalid Samad Just Do Your Job As Menteri Wilayah. You Dont Know Anything About Currency.

Khalid Samad insists nothing wrong with Harapan Coin

Khalid says people will buy the coin, value will go up 

used for government matters and other purposes

(OSTB : Then what happens to the Ringgit Malaysia? If Khalid Samad does not use our Ringgit Malaysia, it will lose even more value. The Ringgit will become useless or less useful.)

Khalid admitted being involved with Harapan Coin cryptocurrency project 

he would make suggestion to Bank Negara and Dr Mahathir Mohamad 

He said digital currency is future 

(OSTB : All currencies have been digitised for a long time. EFT, electronic banking, Asian Dollars, Offshore Ringgit, credit cards, debit cards are all part of "cashless society", they are actually electronic money or digital currencies too.)

he was involved in it before general election

(OSTB : So what if you were involved before the elections? It does not mean you understand anything about it.)

Lembah Pantai MP Fahmi Fadzil objected to the project.

(OSTB : Fahmi Fadzil has a good future.)

Khalid said Alibaba's Jack Ma, said it is the future in terms of technology

OSTB : So what if Jack Ma said so. Jack Ma is an online retailer. Jack Ma bukan rasul.

But even this is NOT true. Khalid is bullshitting about Jack Ma. Jack Ma refused to answer a question on crypto currency because he said "I dont want to talk about something I dont understand." 

Jack Ma also says crypto currency will screw up the world.  Dont believe me? Here is the video :

“What is there to be surprised?” Khalid said 

(OSTB : I am not surprised at all. A minister is chasing his own tail in circles. He does not seem to understand what he is saying. And he does not seem to understand that he does not understand. There lies the danger.)

Here is another news report about Cenbet objecting to Khalid's silliness.

Civil society group Centre for a Better Tomorrow (Cenbet) questions Harapan Coin

new government appears “overly eager” to adopt “untested schemes”.

raised concerns over involvement of Minister Khalid Samad

Cenbet said political parties should focus on political work 

instead of involving themselves in cryptocurrencies 

ruling coalition proposing own digital currency raises many red flags

Khalid's admission 30% channelled to administrator goes against good governance

BNM announcement Feb cryptocurrencies not recognised as legal tender 

(OSTB :  Khalid Samad is a Minister and he does not seem to know BNM regulations? Or he wants BNM to change the regulations?)

where buyers would get recourse if something were to go wrong.

What is the coin value based on? 

Isn’t a political party having its own currency similar with the organisation going for listing?

original aim of Harapan Coin to raise funds prompted concerns foreign meddling

owners of accounts can stay anonymous 

allows foreign parties to influence our political processes

unlike conventional political donations where paper trail easier to trace 

Khalid said 30% go to system developer, 30% to Amanah, balance to PH

Conclusion : I dont think Khalid will understand all this. This guy is too dumb. Tak tahu nak kata apa lagi.