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Title : Roubini Explodes: Bitcoin Is Bullshit
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Roubini Explodes: Bitcoin Is Bullshit

Nouriel Roubini exploded this yesteryear calendar week during a panel give-and-take on cryptocurrencies at the annual Milken Institute Global Conference inwards Los Angeles:

“There is no decentralization, it’s only bullshit: Roubini said, adding that a blockchain is only a “glorified Excel spreadsheet.”

Roubini went on to telephone proper name upwards Bitcoin bullshit 3 to a greater extent than times during the discussion.

“This was a bubble … the ones who arrived belatedly to the political party are the suckers," Roubini said, referring to investors who bought Bitcoin final yr when it traded at $20,000. It immediately trades some $9,000.

Hmm, "glorified Excel spreadsheet"? Roubini has a point. It is actually dry reason expanse of aught on an Excel spreadsheet. It is similar owning a motility to existent estate on a planet that doesn't exist. But hey, if yous tin dump the motility of Planet Empty off on individual else

-Robert Wenzel  

(via CCN)

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