Pinned Items
Recent Activities
- Stream item published successfully. Item will now be visible on your stream.
- Crypto Critic Nouriel Roubini: Blockchain is ‘No Better Than an Excel Spreadsheet’
Nouriel Roubini, a notorious cryptocurrency critic, has stated that blockchain is “no better than an Excel spreadsheet” during a panel hosted by crypto exchange LaToken on Jan 25.
Roubini is also known for having predicted the 2008 financial crisis, earning him the moniker of Dr. Doom.
Speaking during a panel at the Blockchain Economic Forum in Davos, Roubini defined blockchain as “the most overhyped... Crypto Critic Nouriel Roubini: Blockchain is ‘No Better Than an Excel Spreadsheet’
Nouriel Roubini, a notorious cryptocurrency critic, has stated that blockchain is “no better than an Excel spreadsheet” during a panel hosted by crypto exchange LaToken on Jan 25.
Roubini is also known for having predicted the 2008 financial crisis, earning him the moniker of Dr. Doom.
Speaking during a panel at the Blockchain Economic Forum in Davos, Roubini defined blockchain as “the most overhyped technology ever,” while noting that Bitcoin and other cryptocurrencies are the mother of all bubbles. He also pointed out during the talk that blockchain and crypto have nothing to do with fintech and private distributed ledger technology (DLT).
Private DLT, according to Roubini, is nothing more than a fancy database, since it is neither trustless nor decentralized. He also pointed out that, just like DLT, central bank digital currencies (CBDCs) don’t have anything to do with blockchain and crypto either. Roubini sees CBDCs mostly as a way to extend access to the central bank register to every individual, instead of granting access to banks only.
Furthermore, Roubini expressed his idea that CBDCs will dominate cryptocurrencies and change banking in radical ways. Moreover, while he foresees that fintech will change finance and that cash will disappear, he is of the opinion that blockchain and crypto won’t play a role in this change.
Nouriel also harshly criticized what he described as the “tokenization of everything,” explaining that having a token for everything would be equivalent to going back to barter. He also pointed out how the characters in the famous Flintstones cartoon have a currency, which is seashells, arguing that tokenization is worse than that.
Talking about privacy, Nouriel pointed out that no government or regulator will permit the use of anonymity-centric cryptocurrencies such as Monero. As Cointelegraph reported in June of last year, Japanese self-regulatory body Virtual Currency Exchange Association (JVCEA) banned the trade of anonymity-oriented altcoins such as Zcash and Monero.
Roubini’s negative stance on cryptocurrency is not a new opinion for him: in an interview with Cointelegraph in October last year, he declared that, according to him, 99 percent of cryptocurrencies are worth zero. More
Post is under moderationStream item published successfully. Item will now be visible on your stream. - Stream item published successfully. Item will now be visible on your stream.
- Stream item published successfully. Item will now be visible on your stream.
- Stream item published successfully. Item will now be visible on your stream.
- Stream item published successfully. Item will now be visible on your stream.
- 1 Million IGG up for grabs just to call the attention of Justin. Help get the retweet of Justin.
Post is under moderationStream item published successfully. Item will now be visible on your stream. - Here is the Medium announcement 1:1 Airdrop IGGPost is under moderationStream item published successfully. Item will now be visible on your stream.
- Guys you might want to check out intergalactic gaming, like Socialcrypt it is a Tron-based token that is a digitization and tokenization platform that will enable gamers, teams, brands, professionals and others to monitize the time and value they spend within the platform's ecosystem. If you want to check it out you might want to read this quick background:
https://steemhunt.com/author/@ankarlie/intergalactic-gaming-esports-tokenization-and-digitization-platform
It has recently announced... Guys you might want to check out intergalactic gaming, like Socialcrypt it is a Tron-based token that is a digitization and tokenization platform that will enable gamers, teams, brands, professionals and others to monitize the time and value they spend within the platform's ecosystem. If you want to check it out you might want to read this quick background:
https://steemhunt.com/author/@ankarlie/intergalactic-gaming-esports-tokenization-and-digitization-platform
It has recently announced that they will be conducting a 1:1 airdrop for its IGG meaning those who are currently holding IGG will double their holdings once the Airdrop commence. You can trade the digital asset in the DEX in TronScan
https://tronscan.org/#/exchange?token=IGG/TRX&id=13 More
Post is under moderationStream item published successfully. Item will now be visible on your stream. - Here are some information about Steem
Post is under moderationStream item published successfully. Item will now be visible on your stream. - Post is under moderationStream item published successfully. Item will now be visible on your stream.
- Hello guys just want to ask what are you thoughts on this new Sidechain from Blockstream. It is another implementation of a second layer solution to the scalability problem of bitcoin. It improves transaction times, privacy and enables tokenization features for Bitcoin using its own native token L-BTC (Pegged 1:1 to BTC).
https://blockstream.com/2018/10/10/liquid-launch/Post is under moderationStream item published successfully. Item will now be visible on your stream. - Hello guys just want to share this blog-post I made about one of my favorite blockchain: Steem If you want to learn more about this crypto project I invite you to read and register. If you need help with anything about that platform please don't hesitate to contact me here and let's see how I can help.
https://steemit.com/steemit/@ankarlie/steem-has-so-much-explosive-potential-value-wisePost is under moderationStream item published successfully. Item will now be visible on your stream. - I am always in the look out for high potential project. This one is an initiative for from PERU. I have done some research on this project and I think it has high potential. They are backed by a real mining company and their purpose is to spread awareness about cryptocurrencies in Peru as well in its neighboring country. This is interesting project since the country is widely know for ancient artifacts than emerging technology. Check it out and participate in your own digression.
https:... I am always in the look out for high potential project. This one is an initiative for from PERU. I have done some research on this project and I think it has high potential. They are backed by a real mining company and their purpose is to spread awareness about cryptocurrencies in Peru as well in its neighboring country. This is interesting project since the country is widely know for ancient artifacts than emerging technology. Check it out and participate in your own digression.
https://medium.com/@coin_peru/perucoin-bounty-program-2e3b3c498242 MorePost is under moderationStream item published successfully. Item will now be visible on your stream.
There are no activities here yet..
Activity might be hidden with privacy settings.
Activity might be hidden with privacy settings.